Nuveen Variable Rate Preferred & Income Fund
NPFD
33 hedge funds and large institutions have $103M invested in Nuveen Variable Rate Preferred & Income Fund in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 9 closing their positions.
90% more capital inflows, than outflows
Capital inflows: $31.7M | Capital outflows: $16.7M
4.24% more ownership
Funds ownership: 25.58% → 29.81% (+4.2%)
15% less funds holding
Funds holding: 39 → 33 (-6)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$25.4M |
| 2 |
Saba Capital Management
New York
|
+$3.54M |
| 3 |
Advisor Partners II
Walnut Creek,
California
|
+$1.29M |
| 4 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
+$486K |
| 5 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$458K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$11.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$976K |
| 3 |
Wolverine Asset Management
Chicago,
Illinois
|
-$725K |
| 4 |
Corrado Advisors
Ramsey,
New Jersey
|
-$551K |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
-$457K |
NPFD Hedge Fund Activity: Q3 2023 in Review
33 of the 6,316 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q3 2023, worth a combined $103M — up 18% from $87.4M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NPFD and 4 opened new positions — a net loss of 5 holders — while 11 trimmed existing stakes and 9 added.
The largest buyer was Morgan Stanley, adding an estimated $25.4M. The largest seller was Rivernorth Capital Management, cutting an estimated $11.4M.
- 33 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q3 2023, down from 39 in Q2 2023.
- Funds reported $103M of Nuveen Variable Rate Preferred & Income Fund stock for Q3 2023, up 18% quarter-over-quarter.
- 4 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q3 2023 and 9 closed out, a net change of -5 holders.
- The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q3 2023 was Morgan Stanley, an estimated $25.4M added.
- The largest Nuveen Variable Rate Preferred & Income Fund seller in Q3 2023 was Rivernorth Capital Management, an estimated $11.4M sold.
Based on aggregated 13F filings for Q3 2023.