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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$17.3M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$8.68M |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$7.83M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$5.62M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$3.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$8.83M |
| 2 |
Morgan Stanley
New York
|
-$4.56M |
| 3 |
Cohen & Steers
New York
|
-$2.19M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.07M |
| 5 |
B
Baird
Milwaukee,
Wisconsin
|
-$744K |
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.