Nuveen Preferred & Income Opportunities Fund
288 hedge funds and large institutions have $586M invested in Nuveen Preferred & Income Opportunities Fund in 2024 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 92 increasing their positions, 89 reducing their positions, and 44 closing their positions.
3% more repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 89
3% more capital invested
Capital invested by funds: $568M → $586M (+$18.3M)
3% less funds holding
Funds holding: 298 → 288 (-10)
16% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 44
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
54.62% less ownership
Funds ownership: 80.05% → 25.43% (-55%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$8.52M |
| 2 |
Morgan Stanley
New York
|
+$6.78M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$4.33M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$2.3M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$1.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$18.2M |
| 2 |
SCM
Saba Capital Management
New York
|
-$6.07M |
| 3 |
RL
RPO LLC
Stamford,
Connecticut
|
-$4.65M |
| 4 |
Rockefeller Capital Management
New York
|
-$3.67M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$2.84M |
JPC Hedge Fund Activity: Q1 2024 in Review
288 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Nuveen Preferred & Income Opportunities Fund (JPC) for Q1 2024, worth a combined $586M — up 3.2% from $568M a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of JPC and 37 opened new positions — a net loss of 7 holders — while 89 trimmed existing stakes and 92 added.
The largest buyer was LPL Financial, adding an estimated $8.52M. The largest seller was Rivernorth Capital Management, cutting an estimated $18.2M.
- 288 institutional investors held Nuveen Preferred & Income Opportunities Fund (JPC) as of Q1 2024, down from 298 in Q4 2023.
- Funds reported $586M of Nuveen Preferred & Income Opportunities Fund stock for Q1 2024, up 3.2% quarter-over-quarter.
- 37 funds opened new Nuveen Preferred & Income Opportunities Fund positions in Q1 2024 and 44 closed out, a net change of -7 holders.
- The largest Nuveen Preferred & Income Opportunities Fund buyer in Q1 2024 was LPL Financial, an estimated $8.52M added.
- The largest Nuveen Preferred & Income Opportunities Fund seller in Q1 2024 was Rivernorth Capital Management, an estimated $18.2M sold.
Based on aggregated 13F filings for Q1 2024.