Nuveen Credit Strategies Income Fund
JQC
104 hedge funds and large institutions have $344M invested in Nuveen Credit Strategies Income Fund in 2015 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 34 increasing their positions, 35 reducing their positions, and 4 closing their positions.
225% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 4
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
8% more funds holding
Funds holding: 96 → 104 (+8)
1.24% more ownership
Funds ownership: 30.44% → 31.68% (+1.2%)
3% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 35
4% less capital invested
Capital invested by funds: $357M → $344M (-$12.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TIM
Tortoise Investment Management
White Plains,
New York
|
+$6.72M |
| 2 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$5.46M |
| 3 |
RCA
Restructuring Capital Associates
Stamford,
Connecticut
|
+$4.21M |
| 4 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$3.1M |
| 5 |
Cohen & Steers
New York
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.44M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$3.31M |
| 3 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
-$2.84M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.72M |
| 5 |
RVPG
Relative Value Partners Group
|
-$1.4M |
JQC Hedge Fund Activity: Q3 2015 in Review
104 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q3 2015, worth a combined $344M — down 3.5% from $357M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new JQC positions and 4 closed out — a net gain of 9 holders — while 34 added to existing stakes and 35 trimmed.
The largest buyer was Tortoise Investment Management, adding an estimated $6.72M. The largest seller was Karpus Investment Management, cutting an estimated $3.44M.
- 104 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q3 2015, up from 96 in Q2 2015.
- Funds reported $344M of Nuveen Credit Strategies Income Fund stock for Q3 2015, down 3.5% quarter-over-quarter.
- 13 funds opened new Nuveen Credit Strategies Income Fund positions in Q3 2015 and 4 closed out, a net change of +9 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q3 2015 was Tortoise Investment Management, an estimated $6.72M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q3 2015 was Karpus Investment Management, an estimated $3.44M sold.
Based on aggregated 13F filings for Q3 2015.