Nuveen Mortgage and Income Fund
30 hedge funds and large institutions have $71.5M invested in Nuveen Mortgage and Income Fund in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 9 reducing their positions, and 7 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 9
11% more capital invested
Capital invested by funds: $64.4M → $71.5M (+$7.08M)
1.81% more ownership
Funds ownership: 17.32% → 19.13% (+1.8%)
14% less funds holding
Funds holding: 35 → 30 (-5)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWPCM
Perella Weinberg Partners Capital Management
New York
|
+$4.77M |
| 2 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$1.86M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.36M |
| 4 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.34M |
| 5 |
SCM
Saba Capital Management
New York
|
+$1.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$1.09M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$763K |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$740K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$528K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$463K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
26
Tower Research Capital (TRC)
New York
| $99K | +$57.2K | +2,400 | +133% |
|
27
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $96K | +$74.7K | +3,134 | +310% |
|
|
AIG
28
American International Group
New York
| $67K | – | – | – |
|
29
US Bancorp
Minneapolis,
Minnesota
| $31K | – | – | – |
|
|
FWM
30
Focused Wealth Management
Newburgh,
New York
| $11K | -$102K | -4,267 | -90% |
|
|
NES
31
New England Securities
New York
| $9K | +$2.1K | +88 | +31% |
|
|
DA
32
Doliver Advisors
Houston,
Texas
| – | -$740K | -32,000 | Closed |
|
|
SFS
33
Shaker Financial Services
Arlington,
Virginia
| – | -$463K | -20,022 | Closed |
|
|
BRWA
34
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$71K | -3,076 | Closed |
|
|
OIA
35
Optimum Investment Advisors
Chicago,
Illinois
| – | -$35K | -1,500 | Closed |
|
|
LTFS
36
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | -$24K | -1,040 | Closed |
|
|
BIM
37
BlackRock Investment Management
Wilmington,
Delaware
| – | -$4K | -181 | Closed |
|
38
Citigroup
New York
| – | -$3K | -119 | Closed |
|
JLS Hedge Fund Activity: Q1 2014 in Review
30 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Nuveen Mortgage and Income Fund (JLS) for Q1 2014, worth a combined $71.5M — up 11% from $64.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of JLS and 2 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 15 added.
The largest buyer was Perella Weinberg Partners Capital Management, opening a new position worth an estimated $4.77M. The largest seller was Pine River Capital Management, cutting an estimated $1.09M.
- 30 institutional investors held Nuveen Mortgage and Income Fund (JLS) as of Q1 2014, down from 35 in Q4 2013.
- Funds reported $71.5M of Nuveen Mortgage and Income Fund stock for Q1 2014, up 11% quarter-over-quarter.
- 2 funds opened new Nuveen Mortgage and Income Fund positions in Q1 2014 and 7 closed out, a net change of -5 holders.
- The largest Nuveen Mortgage and Income Fund buyer in Q1 2014 was Perella Weinberg Partners Capital Management, an estimated $4.77M added.
- The largest Nuveen Mortgage and Income Fund seller in Q1 2014 was Pine River Capital Management, an estimated $1.09M sold.
Based on aggregated 13F filings for Q1 2014.