Nuveen Credit Strategies Income Fund
JQC
118 hedge funds and large institutions have $370M invested in Nuveen Credit Strategies Income Fund in 2016 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 29 increasing their positions, 42 reducing their positions, and 15 closing their positions.
60% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 15
5% more funds holding
Funds holding: 112 → 118 (+6)
2% more capital invested
Capital invested by funds: $364M → $370M (+$6.39M)
1.51% less ownership
Funds ownership: 31.12% → 29.61% (-1.5%)
31% less repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 42
57% less funds holding in top 10
Funds holding in top 10: 7 → 3 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$16.1M |
| 2 |
RVPG
Relative Value Partners Group
|
+$7.82M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$5.69M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$3.41M |
| 5 |
ZA
Zazove Associates
Incline Village,
Nevada
|
+$2.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$10.8M |
| 2 |
Citigroup
New York
|
-$10.1M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$8.26M |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$8.04M |
| 5 |
YMRC
Yorktown Management & Research Company
Forest,
Virginia
|
-$4.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DA
126
Doliver Advisors
Houston,
Texas
| – | -$275K | -32,414 | Closed |
|
|
HK
127
Horizon Kinetics
New York
| – | -$168K | -19,861 | Closed |
|
|
KIM
128
Karpus Investment Management
Pittsford,
New York
| – | -$146K | -17,200 | Closed |
|
|
CIA
129
Choate Investment Advisors
Boston,
Massachusetts
| – | -$142K | -16,730 | Closed |
|
130
Goldman Sachs
New York
| – | -$94K | -11,050 | Closed |
|
|
AA
131
AQR Arbitrage
Greenwich,
Connecticut
| – | -$90K | -10,647 | Closed |
|
|
RPG
132
Risk Paradigm Group
Austin,
Texas
| – | -$20.5K | -2,422 | Closed |
|
JQC Hedge Fund Activity: Q4 2016 in Review
118 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q4 2016, worth a combined $370M — up 1.8% from $364M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new JQC positions and 15 closed out — a net gain of 9 holders — while 29 added to existing stakes and 42 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $16.1M. The largest seller was Financial & Investment Management Group, cutting an estimated $10.8M.
- 118 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q4 2016, up from 112 in Q3 2016.
- Funds reported $370M of Nuveen Credit Strategies Income Fund stock for Q4 2016, up 1.8% quarter-over-quarter.
- 24 funds opened new Nuveen Credit Strategies Income Fund positions in Q4 2016 and 15 closed out, a net change of +9 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q4 2016 was JP Morgan Chase, an estimated $16.1M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q4 2016 was Financial & Investment Management Group, an estimated $10.8M sold.
Based on aggregated 13F filings for Q4 2016.