Nuveen Credit Strategies Income Fund
JQC
142 hedge funds and large institutions have $517M invested in Nuveen Credit Strategies Income Fund in 2018 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 27 increasing their positions, 51 reducing their positions, and 16 closing their positions.
113% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 16
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
13% more funds holding
Funds holding: 126 → 142 (+16)
7.3% more ownership
Funds ownership: 43.91% → 51.2% (+7.3%)
4% more capital invested
Capital invested by funds: $495M → $517M (+$22.2M)
47% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$31.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$17M |
| 3 |
HCM
Hilton Capital Management
Garden City,
New York
|
+$9.47M |
| 4 |
BI
Bramshill Investments
Naples,
Florida
|
+$8.52M |
| 5 |
OHA
Oak Hill Advisors
New York
|
+$7.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$4.25M |
| 2 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$3.58M |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$3.02M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.57M |
| 5 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$2.33M |
JQC Hedge Fund Activity: Q4 2018 in Review
142 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q4 2018, worth a combined $517M — up 4.5% from $495M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new JQC positions and 16 closed out — a net gain of 18 holders — while 27 added to existing stakes and 51 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $31.8M. The largest seller was Stifel Financial, cutting an estimated $4.25M.
- 142 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q4 2018, up from 126 in Q3 2018.
- Funds reported $517M of Nuveen Credit Strategies Income Fund stock for Q4 2018, up 4.5% quarter-over-quarter.
- 34 funds opened new Nuveen Credit Strategies Income Fund positions in Q4 2018 and 16 closed out, a net change of +18 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q4 2018 was Saba Capital Management, an estimated $31.8M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q4 2018 was Stifel Financial, an estimated $4.25M sold.
Based on aggregated 13F filings for Q4 2018.