Nuveen Credit Strategies Income Fund
JQC
131 hedge funds and large institutions have $300M invested in Nuveen Credit Strategies Income Fund in 2020 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 40 increasing their positions, 41 reducing their positions, and 34 closing their positions.
2% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 41
1.68% less ownership
Funds ownership: 40.69% → 39.02% (-1.7%)
6% less funds holding
Funds holding: 139 → 131 (-8)
18% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 34
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
29% less capital invested
Capital invested by funds: $423M → $300M (-$124M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$13.2M |
| 2 |
OHA
Oak Hill Advisors
New York
|
+$6.07M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$4.22M |
| 4 |
Goldman Sachs
New York
|
+$3.73M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$3.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMG
Private Management Group
Irvine,
California
|
-$11.7M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.67M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$6.59M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.8M |
| 5 |
Millennium Management
New York
|
-$5.53M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Northern Trust
Chicago,
Illinois
| – | -$1K | -13,300 | Closed |
|
|
RJT
152
Raymond James Trust
St. Petersburg,
Florida
| – | -$96K | -12,525 | Closed |
|
|
G
153
Gainplan
Bloomfield Hills,
Michigan
| – | -$94K | -12,236 | Closed |
|
|
FCA
154
FLC Capital Advisors
Palm Desert,
California
| – | -$84K | -11,000 | Closed |
|
|
CA
155
Cetera Advisors
Denver,
Colorado
| – | -$79K | -10,498 | Closed |
|
|
PFO
156
Pathstone Family Office
Englewood,
New Jersey
| – | -$330K | -4,297 | Closed |
|
|
AF
157
Advisornet Financial
Minnetonka,
Minnesota
| – | -$11K | -1,400 | Closed |
|
|
ACM
158
Allred Capital Management
Dallas,
Texas
| – | -$8.05K | -1,050 | Closed |
|
|
VRM
159
Vectors Research Management
New York
| – | -$7K | -950 | Closed |
|
|
PA
160
PSI Advisors
Tampa,
Florida
| – | -$5K | -675 | Closed |
|
|
CAC
161
Certified Advisory Corp
Altamonte Springs,
Florida
| – | -$3K | -327 | Closed |
|
|
S
162
SignatureFD
Atlanta,
Georgia
| – | -$2K | -233 | Closed |
|
163
Fidelity Investments
Boston,
Massachusetts
| – | +$7 | +1 | +50% |
|
JQC Hedge Fund Activity: Q1 2020 in Review
131 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q1 2020, worth a combined $300M — down 29% from $423M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of JQC and 28 opened new positions — a net loss of 6 holders — while 41 trimmed existing stakes and 40 added.
The largest buyer was Saba Capital Management, adding an estimated $13.2M. The largest seller was Private Management Group, cutting an estimated $11.7M.
- 131 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q1 2020, down from 139 in Q4 2019.
- Funds reported $300M of Nuveen Credit Strategies Income Fund stock for Q1 2020, down 29% quarter-over-quarter.
- 28 funds opened new Nuveen Credit Strategies Income Fund positions in Q1 2020 and 34 closed out, a net change of -6 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q1 2020 was Saba Capital Management, an estimated $13.2M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q1 2020 was Private Management Group, an estimated $11.7M sold.
Based on aggregated 13F filings for Q1 2020.