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Nuveen Credit Strategies Income Fund
JQC

127 hedge funds and large institutions have $384M invested in Nuveen Credit Strategies Income Fund in 2019 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 50 increasing their positions, 34 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

47% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 34

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

3% less funds holding

Funds holding: 131 → 127 (-4)

7.3% less ownership

Funds ownership: 48.56% → 41.26% (-7.3%)

20% less capital invested

Capital invested by funds: $481M → $384M (-$96.7M)

21% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 19

Holders
127
Holders Change
-4
Holders Change %
-3.05%
% of All Funds
2.79%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
15
Increased
50
Reduced
34
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CS
Credit Suisse
Switzerland
+$7.63M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$3.73M
3
BCA
Biltmore Capital Advisors
New Jersey
+$1.79M
4
SIA
Sit Investment Associates
Minnesota
+$1.67M
5
COLIM
City of London Investment Management
United Kingdom
+$1.48M

Top Sellers

1
SCM
Saba Capital Management
New York
-$46.5M
2
BI
Bramshill Investments
Florida
-$19.3M
3
Wells Fargo
Wells Fargo
California
-$7.52M
4
EVM
Eaton Vance Management
Massachusetts
-$7.26M
5
Morgan Stanley
Morgan Stanley
New York
-$4.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
1832 Asset Management
26
1832 Asset Management
Ontario, Canada
$2.98M – – –
CAN
27
Cetera Advisor Networks
California
$2.92M +$199K +26,144 +7%
Stifel Financial
28
Stifel Financial
Missouri
$2.8M +$560K +73,495 +24%
ZA
29
Zazove Associates
Nevada
$2.58M -$2.63M -344,705 Closed
Cambridge Investment Research Advisors
30
Cambridge Investment Research Advisors
Iowa
$2.24M +$743K +97,451 +48%
Bank of America
31
Bank of America
North Carolina
$2.14M -$286K -37,555 -12%
Geode Capital Management
32
Geode Capital Management
Massachusetts
$2.01M +$75.1K +9,847 +4%
Royal Bank of Canada
33
Royal Bank of Canada
Ontario, Canada
$1.87M +$130K +17,029 +7%
GC
34
Guggenheim Capital
Illinois
$1.49M +$673K +88,263 +80%
BC
35
Brinker Capital
Pennsylvania
$1.18M +$277K +36,329 +30%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$1.1M +$27.5K +3,606 +3%
FNBTCON
37
First National Bank & Trust Co of Newtown
Pennsylvania
$1.09M – – –
AG
38
Advisor Group
Arizona
$1.04M +$180K +23,663 +21%
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$934K +$128K +16,723 +15%
Baird Financial Group
40
Baird Financial Group
Wisconsin
$921K +$227K +29,772 +32%
QGA
41
Q Global Advisors
Texas
$892K – – –
Commonwealth Equity Services
42
Commonwealth Equity Services
Massachusetts
$785K +$74.6K +9,780 +10%
OA
43
Oxbow Advisors
Texas
$769K -$7.85K -1,030 -1%
NL
44
NWAM LLC
Washington
$759K -$9.72K -1,275 -1%
V
45
Veritable
Delaware
$700K – – –
SFS
46
Shaker Financial Services
Virginia
$662K +$675K +88,522 New
CCP
47
Clough Capital Partners
Massachusetts
$584K +$140K +18,350 +31%
Ameriprise
48
Ameriprise
Minnesota
$566K -$21.4K -2,810 -4%
UCFA
49
United Capital Financial Advisors
Texas
$524K -$51.9K -6,806 -9%
BI
50
Bulldog Investors
New Jersey
$512K -$1.38M -180,500 -73%
1
2
3 4 5

JQC Hedge Fund Activity: Q3 2019 in Review

127 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q3 2019, worth a combined $384M — down 20% from $481M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of JQC and 15 opened new positions — a net loss of 4 holders — while 34 trimmed existing stakes and 50 added.

The largest buyer was Credit Suisse, opening a new position worth an estimated $7.63M. The largest seller was Saba Capital Management, cutting an estimated $46.5M.

  • 127 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q3 2019, down from 131 in Q2 2019.
  • Funds reported $384M of Nuveen Credit Strategies Income Fund stock for Q3 2019, down 20% quarter-over-quarter.
  • 15 funds opened new Nuveen Credit Strategies Income Fund positions in Q3 2019 and 19 closed out, a net change of -4 holders.
  • The largest Nuveen Credit Strategies Income Fund buyer in Q3 2019 was Credit Suisse, an estimated $7.63M added.
  • The largest Nuveen Credit Strategies Income Fund seller in Q3 2019 was Saba Capital Management, an estimated $46.5M sold.

Based on aggregated 13F filings for Q3 2019.