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Nuveen Credit Strategies Income Fund
JQC

90 hedge funds and large institutions have $247M invested in Nuveen Credit Strategies Income Fund in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 32 increasing their positions, 21 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 21

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

6% more capital invested

Capital invested by funds: $233M → $247M (+$14.6M)

1.56% more ownership

Funds ownership: 17.34% → 18.9% (+1.6%)

7% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 14

0% more funds holding

Funds holding: 90 → 90 (0)

Holders
90
Holders Change
–
Holders Change %
0%
% of All Funds
2.6%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
15
Increased
32
Reduced
21
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MIG
Mariner Investment Group
New York
+$8.99M
2
RCM
Rivernorth Capital Management
Florida
+$7.81M
3
NCM
Newgate Capital Management
Connecticut
+$5.22M
4
PMG
Private Management Group
California
+$3.53M
5
Morgan Stanley
Morgan Stanley
New York
+$2.73M

Top Sellers

Rank Fund Capital Flow
1
PRCM
Pine River Capital Management
Minnesota
-$5.82M
2
RVP
Relative Value Partners
Illinois
-$4.5M
3
GC
Guggenheim Capital
Illinois
-$2.21M
4
Cohen & Steers
Cohen & Steers
New York
-$2.18M
5
AAM
Advisors Asset Management
Colorado
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
Mariner
26
Mariner
Kansas
$1.51M -$41.2K -4,312 -3%
Ameriprise
27
Ameriprise
Minnesota
$1.28M +$36.1K +3,783 +3%
CS
28
Credit Suisse
Switzerland
$1.2M -$4.08K -427 -0.3%
Envestnet Asset Management
29
Envestnet Asset Management
Illinois
$1.2M +$1.2M +125,871 New
HK
30
Horizon Kinetics
New York
$1.18M -$60.4K -6,320 -5%
COLIM
31
City of London Investment Management
United Kingdom
$1.11M +$1.11M +116,352 New
KSCM
32
Kamunting Street Capital Management
Florida
$1.01M +$1.02M +106,625 New
RJFSA
33
Raymond James Financial Services Advisors
Florida
$994K +$40.3K +4,215 +4%
BNP Paribas Financial Markets
34
BNP Paribas Financial Markets
France
$875K +$887K +92,878 New
NL
35
NWAM LLC
Washington
$861K +$864K +90,505 New
UCFA
36
United Capital Financial Advisors
Texas
$857K +$861K +90,099 New
First Trust Advisors
37
First Trust Advisors
Illinois
$801K +$5.73K +600 +0.7%
JIR
38
James Investment Research
Ohio
$801K +$37.1K +3,882 +5%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$716K +$47.8K +5,000 +7%
Commonwealth Equity Services
40
Commonwealth Equity Services
Massachusetts
$686K +$43.1K +4,518 +7%
SKK
41
Shepherd Kaplan Krochuk
Massachusetts
$684K – – –
ICOA
42
Investment Centers of America
North Dakota
$663K +$202K +21,098 +42%
AQR Capital Management
43
AQR Capital Management
Connecticut
$530K – – –
DA
44
Doliver Advisors
Texas
$499K +$501K +52,466 New
SIA
45
SeaBridge Investment Advisors
New Jersey
$396K – – –
DBT
46
Dubuque Bank & Trust
Iowa
$395K -$818K -85,605 -67%
SMC
47
Smith, Moore & Co
Missouri
$394K -$119K -12,500 -23%
LTFS
48
Ladenburg Thalmann Financial Services
Florida
$390K +$5.98K +626 +2%
WAM
49
Wolverine Asset Management
Illinois
$383K +$165K +17,247 +75%
Citigroup
50
Citigroup
New York
$378K -$605K -63,345 -61%
1
2
3 4 5

JQC Hedge Fund Activity: Q1 2014 in Review

90 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q1 2014, worth a combined $247M — up 6.3% from $233M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new JQC positions and 14 closed out — a net gain of 1 holder — while 32 added to existing stakes and 21 trimmed.

The largest buyer was Mariner Investment Group, opening a new position worth an estimated $8.99M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $5.82M sold.

  • 90 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q1 2014, unchanged from Q4 2013.
  • Funds reported $247M of Nuveen Credit Strategies Income Fund stock for Q1 2014, up 6.3% quarter-over-quarter.
  • 15 funds opened new Nuveen Credit Strategies Income Fund positions in Q1 2014 and 14 closed out, a net change of +1 holder.
  • The largest Nuveen Credit Strategies Income Fund buyer in Q1 2014 was Mariner Investment Group, an estimated $8.99M added.
  • The largest Nuveen Credit Strategies Income Fund seller in Q1 2014 was Pine River Capital Management, an estimated $5.82M sold.

Based on aggregated 13F filings for Q1 2014.