Nuveen Credit Strategies Income Fund
JQC
131 hedge funds and large institutions have $278M invested in Nuveen Credit Strategies Income Fund in 2021 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 39 reducing their positions, and 26 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 39
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
4.01% less ownership
Funds ownership: 35.6% → 31.59% (-4%)
6% less funds holding
Funds holding: 140 → 131 (-9)
9% less capital invested
Capital invested by funds: $306M → $278M (-$27.3M)
35% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
+$9.45M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$6.78M |
| 3 |
Cohen & Steers
New York
|
+$3.05M |
| 4 |
CF
Centaurus Financial
Anaheim,
California
|
+$1.65M |
| 5 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$15.9M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.88M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$6.12M |
| 4 |
TIM
Tortoise Investment Management
White Plains,
New York
|
-$5.16M |
| 5 |
HCM
Hilton Capital Management
Garden City,
New York
|
-$4.87M |
JQC Hedge Fund Activity: Q1 2021 in Review
131 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Nuveen Credit Strategies Income Fund (JQC) for Q1 2021, worth a combined $278M — down 8.9% from $306M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of JQC and 17 opened new positions — a net loss of 9 holders — while 39 trimmed existing stakes and 41 added.
The largest buyer was Kohlberg Kravis Roberts & Co, opening a new position worth an estimated $9.45M. The largest seller was Saba Capital Management, exiting entirely with an estimated $15.9M sold.
- 131 institutional investors held Nuveen Credit Strategies Income Fund (JQC) as of Q1 2021, down from 140 in Q4 2020.
- Funds reported $278M of Nuveen Credit Strategies Income Fund stock for Q1 2021, down 8.9% quarter-over-quarter.
- 17 funds opened new Nuveen Credit Strategies Income Fund positions in Q1 2021 and 26 closed out, a net change of -9 holders.
- The largest Nuveen Credit Strategies Income Fund buyer in Q1 2021 was Kohlberg Kravis Roberts & Co, an estimated $9.45M added.
- The largest Nuveen Credit Strategies Income Fund seller in Q1 2021 was Saba Capital Management, an estimated $15.9M sold.
Based on aggregated 13F filings for Q1 2021.