Nuveen Mortgage and Income Fund
32 hedge funds and large institutions have $50.9M invested in Nuveen Mortgage and Income Fund in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 4 closing their positions.
150% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 4
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
26% more capital invested
Capital invested by funds: $40.3M → $50.9M (+$10.6M)
23% more funds holding
Funds holding: 26 → 32 (+6)
3.51% more ownership
Funds ownership: 9.9% → 13.41% (+3.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$11M |
| 2 |
SCM
Saba Capital Management
New York
|
+$4.41M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.74M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.4M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$5.51M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.91M |
| 3 |
LPL Financial
San Diego,
California
|
-$723K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$329K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$292K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Geode Capital Management
Boston,
Massachusetts
| $269K | – | – | – |
|
|
LTFS
27
Ladenburg Thalmann Financial Services
Miami,
Florida
| $142K | +$861 | +36 | +0.6% |
|
28
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $119K | – | – | – |
|
|
AIG
29
American International Group
New York
| $91.6K | -$86.1K | -3,600 | -48% |
|
30
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $48K | +$24.2K | +1,012 | +100% |
|
|
OIA
31
Optimum Investment Advisors
Chicago,
Illinois
| $36K | +$35.9K | +1,500 | New |
|
|
PFO
32
Pathstone Family Office
Englewood,
New Jersey
| $28K | +$28.5K | +1,190 | New |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| $5K | -$33.5K | -1,400 | -87% |
|
|
34
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$292K | -11,514 | Closed |
|
|
CWM
35
Cabot Wealth Management
Salem,
Massachusetts
| – | -$215K | -8,475 | Closed |
|
|
WAM
36
Wolverine Asset Management
Chicago,
Illinois
| – | -$122K | -4,831 | Closed |
|
37
Nomura Holdings
Tokyo,
Japan
| – | -$13K | -503 | Closed |
|
JLS Hedge Fund Activity: Q3 2013 in Review
32 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen Mortgage and Income Fund (JLS) for Q3 2013, worth a combined $50.9M — up 26% from $40.3M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new JLS positions and 4 closed out — a net gain of 6 holders — while 13 added to existing stakes and 8 trimmed.
The largest buyer was Pine River Capital Management, opening a new position worth an estimated $11M. The largest seller was Guggenheim Capital, cutting an estimated $5.51M.
- 32 institutional investors held Nuveen Mortgage and Income Fund (JLS) as of Q3 2013, up from 26 in Q2 2013.
- Funds reported $50.9M of Nuveen Mortgage and Income Fund stock for Q3 2013, up 26% quarter-over-quarter.
- 10 funds opened new Nuveen Mortgage and Income Fund positions in Q3 2013 and 4 closed out, a net change of +6 holders.
- The largest Nuveen Mortgage and Income Fund buyer in Q3 2013 was Pine River Capital Management, an estimated $11M added.
- The largest Nuveen Mortgage and Income Fund seller in Q3 2013 was Guggenheim Capital, an estimated $5.51M sold.
Based on aggregated 13F filings for Q3 2013.