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Nuveen Credit Strategies Income Fund
JQC

115 hedge funds and large institutions have $361M invested in Nuveen Credit Strategies Income Fund in 2016 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 35 increasing their positions, 41 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

0.41% less ownership

Funds ownership: 33.33% → 32.92% (-0.41%)

1% less capital invested

Capital invested by funds: $363M → $361M (-$1.87M)

4% less funds holding

Funds holding: 120 → 115 (-5)

15% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 41

22% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 18

Holders
115
Holders Change
-5
Holders Change %
-4.17%
% of All Funds
3.07%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.21%
New
14
Increased
35
Reduced
41
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
UBS Group
UBS Group
Switzerland
+$2.4M
2
CA
Cornerstone Advisors
North Carolina
+$1.93M
3
Wells Fargo
Wells Fargo
California
+$1.37M
4
ICM
Ionic Capital Management
New York
+$1.26M
5
RAM
Roumell Asset Management
Maryland
+$1.03M

Top Sellers

1
PPA
Parametric Portfolio Associates
Washington
-$4.6M
2
TIM
Tortoise Investment Management
New York
-$2.28M
3
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$2.15M
4
COLIM
City of London Investment Management
United Kingdom
-$1.76M
5
MIG
Mariner Investment Group
New York
-$1.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$33.9M -$585K -73,350 -2%
JP Morgan Chase
2
JP Morgan Chase
New York
$26.8M – – –
Morgan Stanley
3
Morgan Stanley
New York
$21.5M -$223K -28,017 -1%
PMG
4
Private Management Group
California
$18.6M +$109K +13,651 +0.6%
Invesco
5
Invesco
Georgia
$17.1M -$723K -90,677 -4%
Cohen & Steers
6
Cohen & Steers
New York
$16.5M +$765K +95,890 +5%
RCA
7
Restructuring Capital Associates
Connecticut
$16.3M -$638K -80,000 -4%
MIG
8
Mariner Investment Group
New York
$13.7M -$1.34M -168,542 -9%
FIMG
9
Financial & Investment Management Group
Michigan
$12.7M -$192K -24,037 -2%
UBS Group
10
UBS Group
Switzerland
$12M +$2.4M +300,840 +25%
TIM
11
Tortoise Investment Management
New York
$12M -$2.28M -286,483 -16%
Wells Fargo
12
Wells Fargo
California
$11.9M +$1.37M +172,408 +13%
NCM
13
Newgate Capital Management
Connecticut
$10.8M +$399K +50,026 +4%
FFA
14
First Foundation Advisors
California
$10.4M +$819K +102,666 +9%
Citigroup
15
Citigroup
New York
$9.99M -$18.3K -2,293 -0.2%
GC
16
Guggenheim Capital
Illinois
$9.9M -$92.2K -11,562 -0.9%
RJA
17
Raymond James & Associates
Florida
$8.01M +$735K +92,190 +10%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$7.31M +$185K +23,156 +3%
EVM
19
Eaton Vance Management
Massachusetts
$7.04M – – –
WMG
20
WESCAP Management Group
California
$5.49M -$173K -21,644 -3%
1832 Asset Management
21
1832 Asset Management
Ontario, Canada
$5.49M -$2.15M -270,225 -29%
UCFA
22
United Capital Financial Advisors
Texas
$5.01M -$115K -14,422 -2%
Envestnet Asset Management
23
Envestnet Asset Management
Illinois
$5.01M -$77.2K -9,682 -2%
AAM
24
Advisors Asset Management
Colorado
$4.43M -$115K -14,470 -3%
YMRC
25
Yorktown Management & Research Company
Virginia
$4.2M – – –
1
2 3 4 5

JQC Hedge Fund Activity: Q2 2016 in Review

115 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q2 2016, worth a combined $361M — down 0.51% from $363M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of JQC and 14 opened new positions — a net loss of 4 holders — while 41 trimmed existing stakes and 35 added.

The largest buyer was UBS Group, adding an estimated $2.4M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $4.6M sold.

  • 115 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q2 2016, down from 120 in Q1 2016.
  • Funds reported $361M of Nuveen Credit Strategies Income Fund stock for Q2 2016, down 0.51% quarter-over-quarter.
  • 14 funds opened new Nuveen Credit Strategies Income Fund positions in Q2 2016 and 18 closed out, a net change of -4 holders.
  • The largest Nuveen Credit Strategies Income Fund buyer in Q2 2016 was UBS Group, an estimated $2.4M added.
  • The largest Nuveen Credit Strategies Income Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $4.6M sold.

Based on aggregated 13F filings for Q2 2016.