Nuveen Floating Rate Income Opportunty Fund
JRO
JRO was delisted on the 28th of July, 2023.
80 hedge funds and large institutions have $123M invested in Nuveen Floating Rate Income Opportunty Fund in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 24 reducing their positions, and 13 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 24
14% more capital invested
Capital invested by funds: $108M → $123M (+$15.4M)
5% less funds holding
Funds holding: 84 → 80 (-4)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.46M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.05M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$357K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$354K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$354K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.46M |
| 2 |
VEA
Virtus ETF Advisers
New York
|
-$1.68M |
| 3 |
FFS
Founders Financial Securities
Towson,
Maryland
|
-$1.07M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$715K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$472K |
JRO Hedge Fund Activity: Q2 2020 in Review
80 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Nuveen Floating Rate Income Opportunty Fund (JRO) for Q2 2020, worth a combined $123M — up 14% from $108M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of JRO and 9 opened new positions — a net loss of 4 holders — while 24 trimmed existing stakes and 30 added.
The largest buyer was Saba Capital Management, adding an estimated $8.46M. The largest seller was Morgan Stanley, cutting an estimated $2.46M.
- 80 institutional investors held Nuveen Floating Rate Income Opportunty Fund (JRO) as of Q2 2020, down from 84 in Q1 2020.
- Funds reported $123M of Nuveen Floating Rate Income Opportunty Fund stock for Q2 2020, up 14% quarter-over-quarter.
- 9 funds opened new Nuveen Floating Rate Income Opportunty Fund positions in Q2 2020 and 13 closed out, a net change of -4 holders.
- The largest Nuveen Floating Rate Income Opportunty Fund buyer in Q2 2020 was Saba Capital Management, an estimated $8.46M added.
- The largest Nuveen Floating Rate Income Opportunty Fund seller in Q2 2020 was Morgan Stanley, an estimated $2.46M sold.
Based on aggregated 13F filings for Q2 2020.