Nuveen Mortgage and Income Fund
35 hedge funds and large institutions have $64.4M invested in Nuveen Mortgage and Income Fund in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 16 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
27% more capital invested
Capital invested by funds: $50.9M → $64.4M (+$13.6M)
9% more funds holding
Funds holding: 32 → 35 (+3)
3.91% more ownership
Funds ownership: 13.41% → 17.32% (+3.9%)
50% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.05M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.54M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.36M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$1.02M |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$905K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.3M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$958K |
| 3 |
IA
Icon Advisers
Greenwood Village,
Colorado
|
-$433K |
| 4 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
-$375K |
| 5 |
FWM
Focused Wealth Management
Newburgh,
New York
|
-$370K |
JLS Hedge Fund Activity: Q4 2013 in Review
35 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen Mortgage and Income Fund (JLS) for Q4 2013, worth a combined $64.4M — up 27% from $50.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new JLS positions and 6 closed out — a net gain of 3 holders — while 8 added to existing stakes and 16 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $8.05M. The largest seller was Sit Investment Associates, cutting an estimated $1.3M.
- 35 institutional investors held Nuveen Mortgage and Income Fund (JLS) as of Q4 2013, up from 32 in Q3 2013.
- Funds reported $64.4M of Nuveen Mortgage and Income Fund stock for Q4 2013, up 27% quarter-over-quarter.
- 9 funds opened new Nuveen Mortgage and Income Fund positions in Q4 2013 and 6 closed out, a net change of +3 holders.
- The largest Nuveen Mortgage and Income Fund buyer in Q4 2013 was Saba Capital Management, an estimated $8.05M added.
- The largest Nuveen Mortgage and Income Fund seller in Q4 2013 was Sit Investment Associates, an estimated $1.3M sold.
Based on aggregated 13F filings for Q4 2013.