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Nuveen Variable Rate Preferred & Income Fund
NPFD

51 hedge funds and large institutions have $162M invested in Nuveen Variable Rate Preferred & Income Fund in 2024 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 21 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

160% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 5

75% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 12

19% more funds holding

Funds holding: 43 → 51 (+8)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3.39% less ownership

Funds ownership: 38.88% → 35.49% (-3.4%)

6% less capital invested

Capital invested by funds: $173M → $162M (-$10.1M)

Holders
51
Holders Change
+8
Holders Change %
+18.6%
% of All Funds
0.73%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
13
Increased
21
Reduced
12
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$4.61M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$3.36M
3
RC
Rareview Capital
Nevada
+$2.44M
4
SIA
Sit Investment Associates
Minnesota
+$1.76M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$1.2M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$17.7M
2
AW
Atlas Wealth
Ohio
-$9.35M
3
Morgan Stanley
Morgan Stanley
New York
-$2.79M
4
RCM
Rivernorth Capital Management
Florida
-$587K
5
MC
Matisse Capital
Oregon
-$507K
Name Holding Trade Value Shares
Change 		Change in
Stake
BBPWM
26
Blue Bell Private Wealth Management
Pennsylvania
$367K -$229K -12,268 -39%
Cetera Investment Advisers
27
Cetera Investment Advisers
Illinois
$363K +$98.9K +5,297 +38%
UPS
28
UHLMANN PRICE SECURITIES
Illinois
$358K +$353K +18,884 New
CAM
29
Concorde Asset Management
Michigan
$307K +$85.9K +4,600 +40%
P
30
&Partners
Tennessee
$293K -$47.3K -2,533 -14%
Lido Advisors
31
Lido Advisors
California
$285K +$64.4K +3,446 +30%
CIC
32
Carnegie Investment Counsel
Ohio
$227K – – –
WLPWM
33
Walled Lake Planning & Wealth Management
Illinois
$223K – – –
Walleye Capital
34
Walleye Capital
New York
$217K +$214K +11,448 New
BRWA
35
B. Riley Wealth Advisors
Florida
$216K -$43.7K -2,341 -17%
PAM
36
PVG Asset Management
Colorado
$195K +$192K +10,275 New
OC
37
Oppenheimer & Co
New York
$194K -$57.9K -3,100 -23%
Cohen & Steers
38
Cohen & Steers
New York
$189K +$187K +10,000 New
Osaic Holdings
39
Osaic Holdings
Arizona
$71.1K +$24.1K +1,292 +52%
Comerica Bank
40
Comerica Bank
Texas
$57.9K +$1.38K +74 +2%
SPIA
41
Steward Partners Investment Advisory
New York
$34.1K +$9.19K +492 +38%
HBW
42
Hazlett, Burt & Watson
West Virginia
$24K +$616 +33 +3%
Bank of America
43
Bank of America
North Carolina
$14.4K +$14.2K +760 New
CT
44
Colonial Trust
South Carolina
$14.2K – – –
FIA
45
FNY Investment Advisers
New York
$13K +$13.1K +700 New
CMA
46
Cedar Mountain Advisors
Oregon
$9.47K +$9.34K +500 New
GWM
47
Geneos Wealth Management
Colorado
$8.41K +$8.29K +444 New
TRCT
48
Tower Research Capital (TRC)
New York
$4.98K +$4.91K +263 New
Carson Wealth (CWM LLC)
49
Carson Wealth (CWM LLC)
Nebraska
$2K +$2.09K +112 New
VWM
50
Venturi Wealth Management
Texas
$1.69K +$1.66K +89 New
1
2
3

NPFD Hedge Fund Activity: Q3 2024 in Review

51 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q3 2024, worth a combined $162M — down 5.9% from $173M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NPFD positions and 5 closed out — a net gain of 8 holders — while 21 added to existing stakes and 12 trimmed.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $4.61M. The largest seller was Saba Capital Management, cutting an estimated $17.7M.

  • 51 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q3 2024, up from 43 in Q2 2024.
  • Funds reported $162M of Nuveen Variable Rate Preferred & Income Fund stock for Q3 2024, down 5.9% quarter-over-quarter.
  • 13 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q3 2024 and 5 closed out, a net change of +8 holders.
  • The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q3 2024 was Penserra Capital Management, an estimated $4.61M added.
  • The largest Nuveen Variable Rate Preferred & Income Fund seller in Q3 2024 was Saba Capital Management, an estimated $17.7M sold.

Based on aggregated 13F filings for Q3 2024.