Nuveen Mortgage and Income Fund
JLS
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 |
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.