Nuveen Variable Rate Preferred & Income Fund
NPFD
35 hedge funds and large institutions have $64.5M invested in Nuveen Variable Rate Preferred & Income Fund in 2022 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 13 increasing their positions, 2 reducing their positions, and 4 closing their positions.
550% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 2
275% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 4
213% more capital invested
Capital invested by funds: $20.6M → $64.5M (+$44M)
35% more funds holding
Funds holding: 26 → 35 (+9)
11.35% more ownership
Funds ownership: 5.36% → 16.71% (+11%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$11.7M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.81M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$5.9M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$4.33M |
| 5 |
Morgan Stanley
New York
|
+$3.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Corrado Advisors
Ramsey,
New Jersey
|
-$341K |
| 2 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
-$60.8K |
| 3 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
-$54K |
| 4 |
Bessemer Group
Woodbridge,
New Jersey
|
-$8K |
NPFD Hedge Fund Activity: Q4 2022 in Review
35 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q4 2022, worth a combined $64.5M — up 213% from $20.6M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NPFD positions and 4 closed out — a net gain of 11 holders — while 13 added to existing stakes and 2 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $11.7M. The largest seller was Corrado Advisors, cutting an estimated $341K.
- 35 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q4 2022, up from 26 in Q3 2022.
- Funds reported $64.5M of Nuveen Variable Rate Preferred & Income Fund stock for Q4 2022, up 213% quarter-over-quarter.
- 15 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q4 2022 and 4 closed out, a net change of +11 holders.
- The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q4 2022 was Sit Investment Associates, an estimated $11.7M added.
- The largest Nuveen Variable Rate Preferred & Income Fund seller in Q4 2022 was Corrado Advisors, an estimated $341K sold.
Based on aggregated 13F filings for Q4 2022.