Nuveen Core Equity Alpha Fund (JCE)

• Market cap: $249M
• 1 day: 1.16%
• 5 days: -3.65%
• 1 month: -7.85%
• 3 months: -8.30%
• 6 months: -3.52%
• Year to date: -4.88%
• 1 year: 5.56%
• 5 years: 22.31%
• 10 years: -12.63%

About: Nuveen Core Equity Alpha Fund is a diversified closed-end management investment company. Its investment objective is to provide an attractive level of total return, through long-term capital appreciation and through income and gains. The Fund invests in a portfolio of actively managed large-capitalization U.S. common stocks, using the sub-adviser's proprietary quantitative process designed to provide the potential for long-term outperformance. Additionally, the Fund seeks to reduce the volatility of its returns relative to the returns of the Equity Portfolio over extended periods by writing (selling) index call options and/or call options on custom baskets of securities (the Options Strategy).

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

19% more capital invested

Capital invested by funds: $47.5M [Q3] → $56.4M (+$8.96M) [Q4]

17% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 12

1.02% less ownership

Funds ownership: 23.11% [Q3] → 22.09% (-1.02%) [Q4]

11% less funds holding

Funds holding: 47 [Q3] → 42 (-5) [Q4]

40% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 5