Nuveen Credit Strategies Income Fund
JQC
96 hedge funds and large institutions have $357M invested in Nuveen Credit Strategies Income Fund in 2015 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 24 reducing their positions, and 14 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 24
1.27% more ownership
Funds ownership: 29.17% → 30.44% (+1.3%)
1% less capital invested
Capital invested by funds: $361M → $357M (-$4.19M)
5% less funds holding
Funds holding: 101 → 96 (-5)
29% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 14
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$8.52M |
| 2 |
Cohen & Steers
New York
|
+$5.28M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.14M |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$3.27M |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$2.16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$9.04M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.43M |
| 3 |
KSCM
Kamunting Street Capital Management
Miami Beach,
Florida
|
-$2.01M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.6M |
| 5 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$1.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NL
101
NWAM LLC
Mercer Island,
Washington
| – | -$992K | -109,667 | Closed |
|
|
VKH
102
Virtu KCG Holdings
New York
| – | -$313K | -34,593 | Closed |
|
|
SCM
103
Saba Capital Management
New York
| – | -$307K | -33,974 | Closed |
|
|
AWA
104
Arete Wealth Advisors
Chicago,
Illinois
| – | -$190K | -20,905 | Closed |
|
|
IAMOG
105
Investors Asset Management of Georgia
Atlanta,
Georgia
| – | -$146K | -16,100 | Closed |
|
|
SGCA
106
Steel Grove Capital Advisors
Memphis,
Tennessee
| – | -$103K | -11,344 | Closed |
|
107
Creative Planning
Overland Park,
Kansas
| – | -$68K | -7,460 | Closed |
|
|
TWMP
108
Taylor Wealth Management Partners
Boston,
Massachusetts
| – | -$12K | -1,325 | Closed |
|
|
TCOV
109
Trust Company of Vermont
Brattleboro,
Vermont
| – | -$8K | -900 | Closed |
|
110
SEI Investments
Oaks,
Pennsylvania
| – | -$7K | -782 | Closed |
|
JQC Hedge Fund Activity: Q2 2015 in Review
96 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q2 2015, worth a combined $357M — down 1.2% from $361M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of JQC and 10 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 34 added.
The largest buyer was Eaton Vance Management, opening a new position worth an estimated $8.52M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $9.04M sold.
- 96 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q2 2015, down from 101 in Q1 2015.
- Funds reported $357M of Nuveen Credit Strategies Income Fund stock for Q2 2015, down 1.2% quarter-over-quarter.
- 10 funds opened new Nuveen Credit Strategies Income Fund positions in Q2 2015 and 14 closed out, a net change of -4 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q2 2015 was Eaton Vance Management, an estimated $8.52M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q2 2015 was Sit Investment Associates, an estimated $9.04M sold.
Based on aggregated 13F filings for Q2 2015.