Nuveen Credit Strategies Income Fund
JQC
101 hedge funds and large institutions have $360M invested in Nuveen Credit Strategies Income Fund in 2015 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 32 increasing their positions, 33 reducing their positions, and 20 closing their positions.
51% more capital inflows, than outflows
Capital inflows: $50.9M | Capital outflows: $33.7M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
1.4% more ownership
Funds ownership: 27.76% → 29.17% (+1.4%)
3% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 33
6% less funds holding
Funds holding: 107 → 101 (-6)
30% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Karpus Investment Management
Pittsford,
New York
|
+$17.6M |
| 2 |
Cohen & Steers
New York
|
+$5.44M |
| 3 |
First Foundation Advisors
Irvine,
California
|
+$4.28M |
| 4 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$3.59M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$3.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
-$3.69M |
| 2 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$3.15M |
| 3 |
Saba Capital Management
New York
|
-$3.13M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$2.84M |
| 5 |
Advisors Asset Management
Monument,
Colorado
|
-$2.78M |
JQC Hedge Fund Activity: Q1 2015 in Review
101 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q1 2015, worth a combined $360M — up 8.2% from $332M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of JQC and 14 opened new positions — a net loss of 6 holders — while 33 trimmed existing stakes and 32 added.
The largest buyer was Karpus Investment Management, adding an estimated $17.6M. The largest seller was AQR Capital Management, exiting entirely with an estimated $3.69M sold.
- 101 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q1 2015, down from 107 in Q4 2014.
- Funds reported $360M of Nuveen Credit Strategies Income Fund stock for Q1 2015, up 8.2% quarter-over-quarter.
- 14 funds opened new Nuveen Credit Strategies Income Fund positions in Q1 2015 and 20 closed out, a net change of -6 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q1 2015 was Karpus Investment Management, an estimated $17.6M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q1 2015 was AQR Capital Management, an estimated $3.69M sold.
Based on aggregated 13F filings for Q1 2015.