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Nuveen Credit Strategies Income Fund
JQC

90 hedge funds and large institutions have $233M invested in Nuveen Credit Strategies Income Fund in 2013 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 25 increasing their positions, 28 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

24% more capital invested

Capital invested by funds: $187M → $233M (+$45.7M)

8% more funds holding

Funds holding: 83 → 90 (+7)

2.75% more ownership

Funds ownership: 14.59% → 17.34% (+2.7%)

11% less repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 28

Holders
90
Holders Change
+7
Holders Change %
+8.43%
% of All Funds
2.61%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.06%
New
18
Increased
25
Reduced
28
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$17.3M
2
RVP
Relative Value Partners
Illinois
+$8.68M
3
NCM
Newgate Capital Management
Connecticut
+$7.83M
4
PRCM
Pine River Capital Management
Minnesota
+$5.62M
5
Invesco
Invesco
Georgia
+$3.19M

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$8.83M
2
Morgan Stanley
Morgan Stanley
New York
-$4.56M
3
Cohen & Steers
Cohen & Steers
New York
-$2.19M
4
AAM
Advisors Asset Management
Colorado
-$2.07M
5
B
Baird
Wisconsin
-$744K
Name Holding Trade Value Shares
Change 		Change in
Stake
DBT
26
Dubuque Bank & Trust
Iowa
$1.24M +$64.3K +6,840 +6%
CS
27
Credit Suisse
Switzerland
$1.23M – – –
PMG
28
Private Management Group
California
$1.18M +$1.14M +121,292 New
SCM
29
Saba Capital Management
New York
$1.05M +$668K +71,100 +193%
Citigroup
30
Citigroup
New York
$1M +$541K +57,566 +127%
RJFSA
31
Raymond James Financial Services Advisors
Florida
$976K +$230K +24,457 +32%
SG Americas Securities
32
SG Americas Securities
New York
$834K +$806K +85,751 New
First Trust Advisors
33
First Trust Advisors
Illinois
$813K -$9.87K -1,050 -1%
JIR
34
James Investment Research
Ohio
$782K +$32.4K +3,444 +4%
SKK
35
Shepherd Kaplan Krochuk
Massachusetts
$700K – – –
PNC Financial Services Group
36
PNC Financial Services Group
Pennsylvania
$683K -$160K -17,000 -19%
Commonwealth Equity Services
37
Commonwealth Equity Services
Massachusetts
$658K +$74.6K +7,936 +13%
FNYS
38
First New York Securities
New York
$573K +$52.7K +5,607 +11%
AQR Capital Management
39
AQR Capital Management
Connecticut
$542K +$524K +55,751 New
SMC
40
Smith, Moore & Co
Missouri
$525K +$507K +53,980 New
ICOA
41
Investment Centers of America
North Dakota
$465K -$198K -21,098 -30%
IMS
42
Index Management Solutions
Pennsylvania
$447K +$312K +33,202 +260%
SIA
43
SeaBridge Investment Advisors
New Jersey
$405K -$6.58K -700 -2%
LTFS
44
Ladenburg Thalmann Financial Services
Florida
$393K +$21.9K +2,327 +6%
CCM
45
Coe Capital Management
Illinois
$362K – – –
FAAS
46
First Allied Advisory Services
California
$348K -$333K -35,490 -50%
RT
47
Reliance Trust
Georgia
$339K – – –
Bank of New York Mellon
48
Bank of New York Mellon
New York
$332K -$82.4K -8,773 -20%
CWM
49
Concert Wealth Management
California
$313K -$4.19K -446 -1%
CCWA
50
CLA (CliftonLarsonAllen) Wealth Advisors
Minnesota
$285K – – –
1
2
3 4

JQC Hedge Fund Activity: Q4 2013 in Review

90 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q4 2013, worth a combined $233M — up 24% from $187M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new JQC positions and 10 closed out — a net gain of 8 holders — while 25 added to existing stakes and 28 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $17.3M. The largest seller was Guggenheim Capital, cutting an estimated $8.83M.

  • 90 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q4 2013, up from 83 in Q3 2013.
  • Funds reported $233M of Nuveen Credit Strategies Income Fund stock for Q4 2013, up 24% quarter-over-quarter.
  • 18 funds opened new Nuveen Credit Strategies Income Fund positions in Q4 2013 and 10 closed out, a net change of +8 holders.
  • The largest Nuveen Credit Strategies Income Fund buyer in Q4 2013 was Rivernorth Capital Management, an estimated $17.3M added.
  • The largest Nuveen Credit Strategies Income Fund seller in Q4 2013 was Guggenheim Capital, an estimated $8.83M sold.

Based on aggregated 13F filings for Q4 2013.