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Nuveen Variable Rate Preferred & Income Fund
NPFD

39 hedge funds and large institutions have $87.4M invested in Nuveen Variable Rate Preferred & Income Fund in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

50% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 10

24% more capital invested

Capital invested by funds: $70.7M → $87.4M (+$16.7M)

8% more funds holding

Funds holding: 36 → 39 (+3)

5.3% more ownership

Funds ownership: 20.28% → 25.58% (+5.3%)

Holders
39
Holders Change
+3
Holders Change %
+8.33%
% of All Funds
0.61%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
15
Reduced
10
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$6.33M
2
AW
Atlas Wealth
Ohio
+$4.64M
3
RCM
Rivernorth Capital Management
Florida
+$3.6M
4
SCM
Saba Capital Management
New York
+$2.83M
5
KIM
Karpus Investment Management
New York
+$706K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$1.62M
2
UBS Group
UBS Group
Switzerland
-$1.14M
3
Wells Fargo
Wells Fargo
California
-$287K
4
AAS
Avantax Advisory Services
Texas
-$179K
5
IBOK
Independence Bank of Kentucky
Kentucky
-$111K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIC
26
Carnegie Investment Counsel
Ohio
$186K – – –
WLPWM
27
Walled Lake Planning & Wealth Management
Illinois
$182K – – –
CC
28
Claybrook Capital
Massachusetts
$180K – – –
C
29
Certuity
Florida
$179K +$177K +11,538 New
MC
30
Mathes Company
New York
$155K +$154K +10,000 New
BWA
31
BDO Wealth Advisors
Florida
$62K +$2.55K +166 +4%
HBW
32
Hazlett, Burt & Watson
West Virginia
$18K +$17.7K +1,148 New
Bessemer Group
33
Bessemer Group
New Jersey
$12K +$2.81K +183 +30%
CT
34
Colonial Trust
South Carolina
$11.6K – – –
FIA
35
FNY Investment Advisers
New York
$10K – – –
BBPWM
36
Blue Bell Private Wealth Management
Pennsylvania
$9.29K – – –
Osaic Holdings
37
Osaic Holdings
Arizona
$5.66K -$25.9K -1,685 -82%
Carson Wealth (CWM LLC)
38
Carson Wealth (CWM LLC)
Nebraska
$1K +$554 +36 New
EWA
39
EverSource Wealth Advisors
Alabama
$93 – – –
AAS
40
Avantax Advisory Services
Texas
– -$179K -11,326 Closed
IBOK
41
Independence Bank of Kentucky
Kentucky
– -$111K -7,000 Closed
PNC Financial Services Group
42
PNC Financial Services Group
Pennsylvania
– -$15.8K -1,000 Closed
1
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NPFD Hedge Fund Activity: Q2 2023 in Review

39 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q2 2023, worth a combined $87.4M — up 24% from $70.7M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new NPFD positions and 3 closed out — a net gain of 3 holders — while 15 added to existing stakes and 10 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $6.33M. The largest seller was Sit Investment Associates, cutting an estimated $1.62M.

  • 39 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q2 2023, up from 36 in Q1 2023.
  • Funds reported $87.4M of Nuveen Variable Rate Preferred & Income Fund stock for Q2 2023, up 24% quarter-over-quarter.
  • 6 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q2 2023 and 3 closed out, a net change of +3 holders.
  • The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q2 2023 was Morgan Stanley, an estimated $6.33M added.
  • The largest Nuveen Variable Rate Preferred & Income Fund seller in Q2 2023 was Sit Investment Associates, an estimated $1.62M sold.

Based on aggregated 13F filings for Q2 2023.