Nuveen Variable Rate Preferred & Income Fund
NPFD
36 hedge funds and large institutions have $70.7M invested in Nuveen Variable Rate Preferred & Income Fund in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 8 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
10% more capital invested
Capital invested by funds: $64.5M → $70.7M (+$6.14M)
3.57% more ownership
Funds ownership: 16.71% → 20.28% (+3.6%)
3% more funds holding
Funds holding: 35 → 36 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.71M |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$3.61M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.97M |
| 4 |
Morgan Stanley
New York
|
+$2.54M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$575K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACI
Alpha Cubed Investments
Irvine,
California
|
-$1.04M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$628K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$418K |
| 4 |
VF
Virtu Financial
New York
|
-$254K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$190K |
NPFD Hedge Fund Activity: Q1 2023 in Review
36 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q1 2023, worth a combined $70.7M — up 9.5% from $64.5M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NPFD positions and 8 closed out — a net gain of 2 holders — while 13 added to existing stakes and 6 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.71M. The largest seller was Alpha Cubed Investments, exiting entirely with an estimated $1.04M sold.
- 36 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q1 2023, up from 35 in Q4 2022.
- Funds reported $70.7M of Nuveen Variable Rate Preferred & Income Fund stock for Q1 2023, up 9.5% quarter-over-quarter.
- 10 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q1 2023 and 8 closed out, a net change of +2 holders.
- The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q1 2023 was Rivernorth Capital Management, an estimated $3.71M added.
- The largest Nuveen Variable Rate Preferred & Income Fund seller in Q1 2023 was Alpha Cubed Investments, an estimated $1.04M sold.
Based on aggregated 13F filings for Q1 2023.