Nuveen Credit Strategies Income Fund
JQC
137 hedge funds and large institutions have $516M invested in Nuveen Credit Strategies Income Fund in 2019 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 48 increasing their positions, 39 reducing their positions, and 26 closing their positions.
23% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 39
0% less capital invested
Capital invested by funds: $517M → $516M (-$1.63M)
2.94% less ownership
Funds ownership: 51.2% → 48.26% (-2.9%)
4% less funds holding
Funds holding: 142 → 137 (-5)
15% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 26
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$10.7M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
+$9.33M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.34M |
| 4 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
+$6.78M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$5.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
-$18.9M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$16.3M |
| 3 |
HCM
Hilton Capital Management
Garden City,
New York
|
-$9.58M |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$7.3M |
| 5 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$6.95M |
JQC Hedge Fund Activity: Q1 2019 in Review
137 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q1 2019, worth a combined $516M — down 0.31% from $517M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of JQC and 22 opened new positions — a net loss of 4 holders — while 39 trimmed existing stakes and 48 added.
The largest buyer was Saba Capital Management, adding an estimated $10.7M. The largest seller was Restructuring Capital Associates, cutting an estimated $18.9M.
- 137 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q1 2019, down from 142 in Q4 2018.
- Funds reported $516M of Nuveen Credit Strategies Income Fund stock for Q1 2019, down 0.31% quarter-over-quarter.
- 22 funds opened new Nuveen Credit Strategies Income Fund positions in Q1 2019 and 26 closed out, a net change of -4 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q1 2019 was Saba Capital Management, an estimated $10.7M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q1 2019 was Restructuring Capital Associates, an estimated $18.9M sold.
Based on aggregated 13F filings for Q1 2019.