Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
37 hedge funds and large institutions have $46M invested in Nuveen S&P 500 Dynamic Overwrite Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
20% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 10
6% more funds holding
Funds holding: 35 → 37 (+2)
0.35% more ownership
Funds ownership: 19.9% → 20.26% (+0.35%)
1% less capital invested
Capital invested by funds: $46.5M → $46M (-$523K)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.41M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.19M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.15M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$863K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$344K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.34M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$936K |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$357K |
| 4 |
CFA
Carroll Financial Associates
Charlotte,
North Carolina
|
-$116K |
| 5 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$54.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $28K | – | – | – |
|
|
SNT
27
Security National Trust
Wheeling,
West Virginia
| $24K | – | – | – |
|
|
AIG
28
American International Group
New York
| $22.1K | – | – | – |
|
|
KTC
29
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
| $20K | +$20.6K | +1,430 | New |
|
|
MFS
30
MSI Financial Services
Springfield,
Massachusetts
| $15K | – | – | – |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| $14K | -$3.61K | -251 | -20% |
|
|
LTFS
32
Ladenburg Thalmann Financial Services
Miami,
Florida
| $14K | – | – | – |
|
|
WA
33
WFG Advisors
Dallas,
Texas
| $12K | +$216 | +15 | +2% |
|
34
Citigroup
New York
| $9K | +$7.01K | +487 | +268% |
|
35
Creative Planning
Overland Park,
Kansas
| $8K | – | – | – |
|
36
US Bancorp
Minneapolis,
Minnesota
| $3K | -$17.3K | -1,200 | -84% |
|
|
GSC
37
Ground Swell Capital
Folly Beach,
South Carolina
| $3K | +$3.5K | +243 | New |
|
|
TC
38
TFS Capital
West Chester,
Pennsylvania
| – | -$357K | -24,652 | Closed |
|
|
CFA
39
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$116K | -8,000 | Closed |
|
SPXX Hedge Fund Activity: Q3 2014 in Review
37 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) for Q3 2014, worth a combined $46M — down 1.1% from $46.5M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new SPXX positions and 2 closed out — a net gain of 2 holders — while 12 added to existing stakes and 10 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $1.41M. The largest seller was Bank of America, cutting an estimated $3.34M.
- 37 institutional investors held Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) as of Q3 2014, up from 35 in Q2 2014.
- Funds reported $46M of Nuveen S&P 500 Dynamic Overwrite Fund stock for Q3 2014, down 1.1% quarter-over-quarter.
- 4 funds opened new Nuveen S&P 500 Dynamic Overwrite Fund positions in Q3 2014 and 2 closed out, a net change of +2 holders.
- The largest Nuveen S&P 500 Dynamic Overwrite Fund buyer in Q3 2014 was Wolverine Asset Management, an estimated $1.41M added.
- The largest Nuveen S&P 500 Dynamic Overwrite Fund seller in Q3 2014 was Bank of America, an estimated $3.34M sold.
Based on aggregated 13F filings for Q3 2014.