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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$4.61M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.36M |
| 3 |
RC
Rareview Capital
Las Vegas,
Nevada
|
+$2.44M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.76M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$17.7M |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$9.35M |
| 3 |
Morgan Stanley
New York
|
-$2.79M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$587K |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
-$507K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
AssetMark Inc
Concord,
California
| $833 | – | – | – |
|
|
AW
52
Atlas Wealth
Cincinnati,
Ohio
| – | -$9.35M | -509,032 | Closed |
|
|
RCM
53
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$587K | -31,920 | Closed |
|
54
HighTower Advisors
Chicago,
Illinois
| – | -$501K | -27,360 | Closed |
|
55
Nomura Holdings
Tokyo,
Japan
| – | -$199K | -10,852 | Closed |
|
56
Bessemer Group
Woodbridge,
New Jersey
| – | -$14K | -741 | Closed |
|
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.