Nuveen NASDAQ 100 Dynamic Overwrite Fund
QQQX
55 hedge funds and large institutions have $115M invested in Nuveen NASDAQ 100 Dynamic Overwrite Fund in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 15 reducing their positions, and 8 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 15
3% more capital invested
Capital invested by funds: $111M → $115M (+$3.63M)
7% less funds holding
Funds holding: 59 → 55 (-4)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$1.83M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$866K |
| 3 |
Invesco
Atlanta,
Georgia
|
+$750K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$438K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$404K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$3.01M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$970K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$916K |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$907K |
| 5 |
Morgan Stanley
New York
|
-$664K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WP
51
WealthPLAN Partners
Omaha,
Nebraska
| $9.4K | – | – | – |
|
|
BCM
52
Blume Capital Management
Berkeley,
California
| $4K | – | – | – |
|
|
ASN
53
Advisory Services Network
Atlanta,
Georgia
| $4K | +$74 | +4 | +2% |
|
54
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $2K | +$1K | +54 | +100% |
|
|
TRCT
55
Tower Research Capital (TRC)
New York
| $2K | +$1.48K | +80 | New |
|
|
KIM
56
Karpus Investment Management
Pittsford,
New York
| – | -$3.01M | -168,695 | Closed |
|
|
DA
57
Doliver Advisors
Houston,
Texas
| – | -$970K | -54,152 | Closed |
|
|
VKH
58
Virtu KCG Holdings
New York
| – | -$916K | -51,272 | Closed |
|
|
59
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$907K | -50,772 | Closed |
|
|
FNBT
60
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$54K | -3,000 | Closed |
|
61
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$34K | -1,939 | Closed |
|
|
SCM
62
Southport Capital Management
Chattanooga,
Tennessee
| – | -$18K | -983 | Closed |
|
|
TCM
63
TD Capital Management
Memphis,
Tennessee
| – | -$5K | -280 | Closed |
|
QQQX Hedge Fund Activity: Q3 2016 in Review
55 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) for Q3 2016, worth a combined $115M — up 3.3% from $111M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of QQQX and 6 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 21 added.
The largest buyer was Bank of Nova Scotia, opening a new position worth an estimated $1.83M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $3.01M sold.
- 55 institutional investors held Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) as of Q3 2016, down from 59 in Q2 2016.
- Funds reported $115M of Nuveen NASDAQ 100 Dynamic Overwrite Fund stock for Q3 2016, up 3.3% quarter-over-quarter.
- 6 funds opened new Nuveen NASDAQ 100 Dynamic Overwrite Fund positions in Q3 2016 and 8 closed out, a net change of -2 holders.
- The largest Nuveen NASDAQ 100 Dynamic Overwrite Fund buyer in Q3 2016 was Bank of Nova Scotia, an estimated $1.83M added.
- The largest Nuveen NASDAQ 100 Dynamic Overwrite Fund seller in Q3 2016 was Karpus Investment Management, an estimated $3.01M sold.
Based on aggregated 13F filings for Q3 2016.