Nuveen Credit Strategies Income Fund
JQC
107 hedge funds and large institutions have $356M invested in Nuveen Credit Strategies Income Fund in 2017 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 33 increasing their positions, 30 reducing their positions, and 24 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
10% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 30
0.78% less ownership
Funds ownership: 29.61% → 28.83% (-0.78%)
4% less capital invested
Capital invested by funds: $370M → $356M (-$14M)
9% less funds holding
Funds holding: 118 → 107 (-11)
38% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$6.07M |
| 2 |
Morgan Stanley
New York
|
+$4.82M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.05M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.28M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$8.43M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$4.41M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$3.82M |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$3.64M |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
-$2.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAN
126
Cetera Advisor Networks
El Segundo,
California
| – | -$99K | -10,928 | Closed |
|
|
CIA
127
Capital Investment Advisors
Atlanta,
Georgia
| – | -$95K | -10,727 | Closed |
|
|
VKH
128
Virtu KCG Holdings
New York
| – | -$93K | -10,477 | Closed |
|
|
PA
129
Parallel Advisors
San Francisco,
California
| – | -$68K | -7,687 | Closed |
|
130
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$49K | -5,500 | Closed |
|
|
NFG
131
Next Financial Group
Houston,
Texas
| – | -$22K | -2,475 | Closed |
|
JQC Hedge Fund Activity: Q1 2017 in Review
107 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q1 2017, worth a combined $356M — down 3.8% from $370M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of JQC and 15 opened new positions — a net loss of 9 holders — while 30 trimmed existing stakes and 33 added.
The largest buyer was JP Morgan Chase, adding an estimated $6.07M. The largest seller was Eaton Vance Management, exiting entirely with an estimated $8.43M sold.
- 107 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q1 2017, down from 118 in Q4 2016.
- Funds reported $356M of Nuveen Credit Strategies Income Fund stock for Q1 2017, down 3.8% quarter-over-quarter.
- 15 funds opened new Nuveen Credit Strategies Income Fund positions in Q1 2017 and 24 closed out, a net change of -9 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q1 2017 was JP Morgan Chase, an estimated $6.07M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q1 2017 was Eaton Vance Management, an estimated $8.43M sold.
Based on aggregated 13F filings for Q1 2017.