Nuveen Variable Rate Preferred & Income Fund
NPFD
39 hedge funds and large institutions have $87.4M invested in Nuveen Variable Rate Preferred & Income Fund in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 3 closing their positions.
510% more capital inflows, than outflows
Capital inflows: $21.4M | Capital outflows: $3.51M
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
8% more funds holding
Funds holding: 36 → 39 (+3)
5.3% more ownership
Funds ownership: 20.28% → 25.58% (+5.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.33M |
| 2 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$4.64M |
| 3 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.6M |
| 4 |
Saba Capital Management
New York
|
+$2.83M |
| 5 |
Karpus Investment Management
Pittsford,
New York
|
+$706K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.62M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.14M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$287K |
| 4 |
Avantax Advisory Services
Dallas,
Texas
|
-$179K |
| 5 |
IBOK
Independence Bank of Kentucky
Owensboro,
Kentucky
|
-$111K |
NPFD Hedge Fund Activity: Q2 2023 in Review
39 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q2 2023, worth a combined $87.4M — up 24% from $70.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NPFD positions and 3 closed out — a net gain of 3 holders — while 15 added to existing stakes and 10 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $6.33M. The largest seller was Sit Investment Associates, cutting an estimated $1.62M.
- 39 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q2 2023, up from 36 in Q1 2023.
- Funds reported $87.4M of Nuveen Variable Rate Preferred & Income Fund stock for Q2 2023, up 24% quarter-over-quarter.
- 6 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q2 2023 and 3 closed out, a net change of +3 holders.
- The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q2 2023 was Morgan Stanley, an estimated $6.33M added.
- The largest Nuveen Variable Rate Preferred & Income Fund seller in Q2 2023 was Sit Investment Associates, an estimated $1.62M sold.
Based on aggregated 13F filings for Q2 2023.