Nuveen Credit Strategies Income Fund
JQC
90 hedge funds and large institutions have $247M invested in Nuveen Credit Strategies Income Fund in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 32 increasing their positions, 21 reducing their positions, and 14 closing their positions.
52% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 21
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
6% more capital invested
Capital invested by funds: $233M → $247M (+$14.6M)
1.56% more ownership
Funds ownership: 17.34% → 18.9% (+1.6%)
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
0% more funds holding
Funds holding: 90 → 90 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$8.99M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.81M |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$5.22M |
| 4 |
PMG
Private Management Group
Irvine,
California
|
+$3.53M |
| 5 |
Morgan Stanley
New York
|
+$2.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$5.82M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$4.5M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.21M |
| 4 |
Cohen & Steers
New York
|
-$2.18M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.27M |
JQC Hedge Fund Activity: Q1 2014 in Review
90 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q1 2014, worth a combined $247M — up 6.3% from $233M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new JQC positions and 14 closed out — a net gain of 1 holder — while 32 added to existing stakes and 21 trimmed.
The largest buyer was Mariner Investment Group, opening a new position worth an estimated $8.99M. The largest seller was Pine River Capital Management, exiting entirely with an estimated $5.82M sold.
- 90 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q1 2014, unchanged from Q4 2013.
- Funds reported $247M of Nuveen Credit Strategies Income Fund stock for Q1 2014, up 6.3% quarter-over-quarter.
- 15 funds opened new Nuveen Credit Strategies Income Fund positions in Q1 2014 and 14 closed out, a net change of +1 holder.
- The largest Nuveen Credit Strategies Income Fund buyer in Q1 2014 was Mariner Investment Group, an estimated $8.99M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q1 2014 was Pine River Capital Management, an estimated $5.82M sold.
Based on aggregated 13F filings for Q1 2014.