Nuveen Credit Strategies Income Fund
JQC
83 hedge funds and large institutions have $187M invested in Nuveen Credit Strategies Income Fund in 2013 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 6 closing their positions.
200% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 6
17% more funds holding
Funds holding: 71 → 83 (+12)
1.28% more ownership
Funds ownership: 13.31% → 14.59% (+1.3%)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
3% more capital invested
Capital invested by funds: $181M → $187M (+$6.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$11M |
| 2 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$4.57M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$3.42M |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
+$1.61M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$768K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$3.74M |
| 2 |
U
UBS
Zurich,
Switzerland
|
-$1.09M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.06M |
| 4 |
B
Baird
Milwaukee,
Wisconsin
|
-$635K |
| 5 |
HK
Horizon Kinetics
New York
|
-$565K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DADC
76
D.A. Davidson & Co
Great Falls,
Montana
| $6K | +$6.45K | +660 | New |
|
|
PSI
77
Pinnacle Summer Investments
Fairfax,
Virginia
| $6K | +$6.54K | +670 | New |
|
|
S
78
SignatureFD
Atlanta,
Georgia
| $5K | – | – | – |
|
|
CFA
79
Carroll Financial Associates
Charlotte,
North Carolina
| $4K | – | – | – |
|
|
FHC
80
First Houston Capital
Houston,
Texas
| $4K | +$3.91K | +400 | New |
|
|
BC
81
Bartlett & Co
Cincinnati,
Ohio
| $3K | +$2.8K | +287 | New |
|
|
OFG
82
OTA Financial Group
Purchase,
New York
| $1.54K | +$1.61M | +164,459 | New |
|
|
TRCT
83
Tower Research Capital (TRC)
New York
| $1K | -$33.2K | -3,400 | -97% |
|
84
Envestnet Asset Management
Chicago,
Illinois
| – | -$293K | -29,972 | Closed |
|
85
Jane Street
New York
| – | -$209K | -20,897 | Closed |
|
|
PP
86
Paloma Partners
Greenwich,
Connecticut
| – | -$189K | -18,900 | Closed |
|
|
CPA
87
Cowen Prime Advisors
New York
| – | -$151K | -15,000 | Closed |
|
|
NPC
88
National Planning Corporation
El Segundo,
California
| – | -$107K | -10,800 | Closed |
|
89
M&T Bank
Buffalo,
New York
| – | -$19K | -1,860 | Closed |
|
JQC Hedge Fund Activity: Q3 2013 in Review
83 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q3 2013, worth a combined $187M — up 3.5% from $181M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new JQC positions and 6 closed out — a net gain of 12 holders — while 24 added to existing stakes and 22 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $11M. The largest seller was Cohen & Steers, cutting an estimated $3.74M.
- 83 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q3 2013, up from 71 in Q2 2013.
- Funds reported $187M of Nuveen Credit Strategies Income Fund stock for Q3 2013, up 3.5% quarter-over-quarter.
- 18 funds opened new Nuveen Credit Strategies Income Fund positions in Q3 2013 and 6 closed out, a net change of +12 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q3 2013 was Guggenheim Capital, an estimated $11M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q3 2013 was Cohen & Steers, an estimated $3.74M sold.
Based on aggregated 13F filings for Q3 2013.