Nuveen Credit Strategies Income Fund
JQC
107 hedge funds and large institutions have $332M invested in Nuveen Credit Strategies Income Fund in 2014 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 26 increasing their positions, 36 reducing their positions, and 11 closing their positions.
136% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 11
14% more funds holding
Funds holding: 94 → 107 (+13)
13% more capital invested
Capital invested by funds: $295M → $332M (+$37.4M)
3.59% more ownership
Funds ownership: 24.17% → 27.76% (+3.6%)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
28% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$11.8M |
| 2 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$10.5M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.67M |
| 4 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
+$5.06M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$3.94M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
-$3.39M |
| 3 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
-$2.11M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.78M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.74M |
JQC Hedge Fund Activity: Q4 2014 in Review
107 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q4 2014, worth a combined $332M — up 13% from $295M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new JQC positions and 11 closed out — a net gain of 15 holders — while 26 added to existing stakes and 36 trimmed.
The largest buyer was Sit Investment Associates, opening a new position worth an estimated $11.8M. The largest seller was Guggenheim Capital, cutting an estimated $3.94M.
- 107 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q4 2014, up from 94 in Q3 2014.
- Funds reported $332M of Nuveen Credit Strategies Income Fund stock for Q4 2014, up 13% quarter-over-quarter.
- 26 funds opened new Nuveen Credit Strategies Income Fund positions in Q4 2014 and 11 closed out, a net change of +15 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q4 2014 was Sit Investment Associates, an estimated $11.8M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q4 2014 was Guggenheim Capital, an estimated $3.94M sold.
Based on aggregated 13F filings for Q4 2014.