Nuveen Variable Rate Preferred & Income Fund
NPFD
56 hedge funds and large institutions have $141M invested in Nuveen Variable Rate Preferred & Income Fund in 2026 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 4 closing their positions.
250% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 4
33% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 15
17% more funds holding
Funds holding: 48 → 56 (+8)
1.71% less ownership
Funds ownership: 33.97% → 32.26% (-1.7%)
9% less capital invested
Capital invested by funds: $156M → $141M (-$14.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.13M |
| 2 |
EH
Equitable Holdings
New York
|
+$798K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$782K |
| 4 |
SF
Summit Financial
Parsippany,
New Jersey
|
+$747K |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$539K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$6.99M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.1M |
| 3 |
RC
Rareview Capital
Las Vegas,
Nevada
|
-$1.04M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$644K |
| 5 |
Jane Street
New York
|
-$468K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BlackRock
New York
| $8.98K | +$9.54K | +495 | New |
|
|
FFA
52
Farther Finance Advisors
San Francisco,
California
| $8.51K | +$8.83K | +458 | New |
|
|
OCM
53
Osbon Capital Management
Boston,
Massachusetts
| $6.84K | +$7.27K | +377 | New |
|
|
RFP
54
Root Financial Partners
Encinitas,
California
| $3.56K | +$3.78K | +196 | New |
|
55
AssetMark Inc
Concord,
California
| $799 | – | – | – |
|
|
M
56
MOTCO
San Antonio,
Texas
| $672 | +$713 | +37 | New |
|
|
PCM
57
Penserra Capital Management
Orinda,
California
| – | -$6.99M | -367,533 | Closed |
|
|
RC
58
Rareview Capital
Las Vegas,
Nevada
| – | -$1.04M | -53,778 | Closed |
|
|
59
Jane Street
New York
| – | -$468K | -24,599 | Closed |
|
|
VF
60
Virtu Financial
New York
| – | -$232K | -12,167 | Closed |
|
NPFD Hedge Fund Activity: Q1 2026 in Review
56 of the 8,127 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q1 2026, worth a combined $141M — down 9.4% from $156M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NPFD positions and 4 closed out — a net gain of 10 holders — while 20 added to existing stakes and 15 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $2.13M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $6.99M sold.
- 56 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q1 2026, up from 48 in Q4 2025.
- Funds reported $141M of Nuveen Variable Rate Preferred & Income Fund stock for Q1 2026, down 9.4% quarter-over-quarter.
- 14 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q1 2026 and 4 closed out, a net change of +10 holders.
- The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q1 2026 was Advisors Asset Management, an estimated $2.13M added.
- The largest Nuveen Variable Rate Preferred & Income Fund seller in Q1 2026 was Penserra Capital Management, an estimated $6.99M sold.
Based on aggregated 13F filings for Q1 2026.