Nuveen Credit Strategies Income Fund
JQC
90 hedge funds and large institutions have $1.04B invested in Nuveen Credit Strategies Income Fund in 2014 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 37 increasing their positions, 24 reducing their positions, and 14 closing their positions.
320% more capital invested
Capital invested by funds: $247M → $1.04B (+$793M)
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
54% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 24
2.91% more ownership
Funds ownership: 18.9% → 21.81% (+2.9%)
0% more funds holding
Funds holding: 90 → 90 (0)
0% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
+$9.16M |
| 2 |
PMG
Private Management Group
Irvine,
California
|
+$7.76M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.97M |
| 4 |
KSCM
Kamunting Street Capital Management
Miami Beach,
Florida
|
+$2.87M |
| 5 |
EML
Eos Management LP
New York
|
+$2.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$3.46M |
| 2 |
Cohen & Steers
New York
|
-$2.16M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.77M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.1M |
| 5 |
U
UBS
Zurich,
Switzerland
|
-$993K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WA
101
WESPAC Advisors
Orinda,
California
| – | -$185K | -19,500 | Closed |
|
102
Jane Street
New York
| – | -$118K | -12,419 | Closed |
|
103
Creative Planning
Overland Park,
Kansas
| – | -$75K | -7,843 | Closed |
|
|
USGIU
104
U.S. Global Investors (USGI)
San Antonio,
Texas
| – | -$52K | -5,500 | Closed |
|
|
MAS
105
Madden Advisory Services
Jacksonville,
Florida
| – | -$19K | -2,000 | Closed |
|
|
DADC
106
D.A. Davidson & Co
Great Falls,
Montana
| – | -$6K | -716 | Closed |
|
JQC Hedge Fund Activity: Q2 2014 in Review
90 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q2 2014, worth a combined $1.04B — up 320% from $247M a quarter earlier.
Fund positioning in JQC was balanced in Q2 2014: 14 funds opened new positions, 14 closed out, 37 added to existing stakes and 24 trimmed.
The largest buyer was Third Avenue Management, opening a new position worth an estimated $9.16M. The largest seller was Relative Value Partners, cutting an estimated $3.46M.
- 90 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q2 2014, unchanged from Q1 2014.
- Funds reported $1.04B of Nuveen Credit Strategies Income Fund stock for Q2 2014, up 320% quarter-over-quarter.
- 14 funds opened new Nuveen Credit Strategies Income Fund positions in Q2 2014 and 14 closed out, a net change of 0 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q2 2014 was Third Avenue Management, an estimated $9.16M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q2 2014 was Relative Value Partners, an estimated $3.46M sold.
Based on aggregated 13F filings for Q2 2014.