Nuveen Credit Strategies Income Fund
JQC
94 hedge funds and large institutions have $295M invested in Nuveen Credit Strategies Income Fund in 2014 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 36 increasing their positions, 30 reducing their positions, and 9 closing their positions.
56% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 9
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
20% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 30
6% more capital invested
Capital invested by funds: $280M → $295M (+$15.5M)
4% more funds holding
Funds holding: 90 → 94 (+4)
2.36% more ownership
Funds ownership: 21.81% → 24.17% (+2.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
+$6.8M |
| 2 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$4.96M |
| 3 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$4.27M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.53M |
| 5 |
SCM
Saba Capital Management
New York
|
+$3.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
Third Avenue Management
New York
|
-$9.17M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.58M |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$2.16M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.73M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.62M |
JQC Hedge Fund Activity: Q3 2014 in Review
94 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q3 2014, worth a combined $295M — up 5.6% from $280M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new JQC positions and 9 closed out — a net gain of 5 holders — while 36 added to existing stakes and 30 trimmed.
The largest buyer was Citigroup, adding an estimated $6.8M. The largest seller was Third Avenue Management, exiting entirely with an estimated $9.17M sold.
- 94 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q3 2014, up from 90 in Q2 2014.
- Funds reported $295M of Nuveen Credit Strategies Income Fund stock for Q3 2014, up 5.6% quarter-over-quarter.
- 14 funds opened new Nuveen Credit Strategies Income Fund positions in Q3 2014 and 9 closed out, a net change of +5 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q3 2014 was Citigroup, an estimated $6.8M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q3 2014 was Third Avenue Management, an estimated $9.17M sold.
Based on aggregated 13F filings for Q3 2014.