Nuveen Variable Rate Preferred & Income Fund
NPFD
43 hedge funds and large institutions have $149M invested in Nuveen Variable Rate Preferred & Income Fund in 2024 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
2% more funds holding
Funds holding: 42 → 43 (+1)
10% less capital invested
Capital invested by funds: $166M → $149M (-$16.6M)
11.9% less ownership
Funds ownership: 46.41% → 34.51% (-12%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$4.67M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.78M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.33M |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$2.34M |
| 5 |
CL
Choreo LLC
Rockford,
Illinois
|
+$840K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$44.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.66M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$784K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$504K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$314K |
NPFD Hedge Fund Activity: Q1 2024 in Review
43 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q1 2024, worth a combined $149M — down 10% from $166M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new NPFD positions and 6 closed out — a net gain of 1 holder — while 18 added to existing stakes and 12 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $4.67M. The largest seller was Morgan Stanley, cutting an estimated $44.7M.
- 43 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q1 2024, up from 42 in Q4 2023.
- Funds reported $149M of Nuveen Variable Rate Preferred & Income Fund stock for Q1 2024, down 10% quarter-over-quarter.
- 7 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q1 2024 and 6 closed out, a net change of +1 holder.
- The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q1 2024 was Saba Capital Management, an estimated $4.67M added.
- The largest Nuveen Variable Rate Preferred & Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $44.7M sold.
Based on aggregated 13F filings for Q1 2024.