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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$7.63M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.73M |
| 3 |
BCA
Biltmore Capital Advisors
Princeton,
New Jersey
|
+$1.79M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.67M |
| 5 |
COLIM
City of London Investment Management
London,
United Kingdom
|
+$1.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$46.5M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
-$19.3M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$7.52M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$7.26M |
| 5 |
Morgan Stanley
New York
|
-$4.63M |
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.