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Nuveen Credit Strategies Income Fund

94 hedge funds and large institutions have $297M 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.

New
Increased
Maintained
Reduced
Closed

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: 56 (+1)

20% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 30

4% more funds holding

Funds holding: 9094 (+4)

2.36% more ownership

Funds ownership: 21.81%24.17% (+2.4%)

71% less capital invested

Capital invested by funds: $1.04B → $297M (-$744M)

Holders
94
Holders Change
+4
Holders Change %
+4.44%
% of All Funds
2.73%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.17%
New
14
Increased
36
Reduced
30
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Invesco
1
Invesco
Georgia
$32.4M +$1.14M +125,516 +4%
RCM
2
Rivernorth Capital Management
Florida
$32M +$3.53M +389,254 +12%
GC
3
Guggenheim Capital
Illinois
$20.7M -$1.73M -190,220 -8%
Morgan Stanley
4
Morgan Stanley
New York
$18.1M +$2.51M +276,512 +16%
NCM
5
Newgate Capital Management
Connecticut
$15.5M -$2.16M -238,498 -12%
AAM
6
Advisors Asset Management
Colorado
$15.2M -$2.58M -284,805 -14%
PMG
7
Private Management Group
California
$13M +$1.25M +138,002 +10%
1832 Asset Management
8
1832 Asset Management
Ontario, Canada
$12M +$4.96M +546,700 +68%
U
9
UBS
Switzerland
$11.5M +$286K +31,493 +3%
JP Morgan Chase
10
JP Morgan Chase
New York
$10.8M +$1.69M +186,000 +18%
MIG
11
Mariner Investment Group
New York
$8.62M +$143K +15,775 +2%
Wells Fargo
12
Wells Fargo
California
$8.28M +$776K +85,589 +10%
Citigroup
13
Citigroup
New York
$6.75M +$6.8M +750,006 +14,071%
KSCM
14
Kamunting Street Capital Management
Florida
$5.85M +$2.19M +241,651 +58%
CA
15
Cornerstone Advisors
North Carolina
$5.35M +$1.49M +164,270 +38%
RCM
16
Robinson Capital Management
Michigan
$5.32M
Bank of America
17
Bank of America
North Carolina
$4.34M +$302K +33,321 +7%
FIMG
18
Financial & Investment Management Group
Michigan
$4.2M +$4.27M +470,415 New
SCM
19
Saba Capital Management
New York
$3.44M +$3.26M +359,101 +1,400%
BNP Paribas Financial Markets
20
BNP Paribas Financial Markets
France
$3.39M +$772K +85,120 +29%
TJHA
21
Thomas J. Herzfeld Advisors
Florida
$3.24M +$1.28M +141,131 +64%
RVP
22
Relative Value Partners
Illinois
$3.22M +$2.23M +245,719 +214%
Janus Henderson Group
23
Janus Henderson Group
United Kingdom
$2.96M +$3M +331,200 New
OA
24
Oxbow Advisors
Texas
$2.88M -$28.3K -3,116 -1%
UCFA
25
United Capital Financial Advisors
Texas
$2.81M +$37.7K +4,154 +1%

JQC Hedge Fund Activity: Q3 2014 in Review

94 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q3 2014, worth a combined $297M — down 71% from $1.04B 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 $297M of Nuveen Credit Strategies Income Fund stock for Q3 2014, down 71% 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.