Nuveen Variable Rate Preferred & Income Fund
NPFD
42 hedge funds and large institutions have $166M invested in Nuveen Variable Rate Preferred & Income Fund in 2023 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 15 increasing their positions, 7 reducing their positions, and 5 closing their positions.
220% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 5
114% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 7
61% more capital invested
Capital invested by funds: $103M → $166M (+$63.1M)
27% more funds holding
Funds holding: 33 → 42 (+9)
16.59% more ownership
Funds ownership: 29.81% → 46.41% (+17%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$44.3M |
| 2 |
SCM
Saba Capital Management
New York
|
+$11.3M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.39M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.45M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$8.85M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.96M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.17M |
| 4 |
CA
Corrado Advisors
Ramsey,
New Jersey
|
-$586K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$247K |
NPFD Hedge Fund Activity: Q4 2023 in Review
42 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q4 2023, worth a combined $166M — up 61% from $103M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NPFD positions and 5 closed out — a net gain of 11 holders — while 15 added to existing stakes and 7 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $44.3M. The largest seller was Atlas Wealth, exiting entirely with an estimated $8.85M sold.
- 42 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q4 2023, up from 33 in Q3 2023.
- Funds reported $166M of Nuveen Variable Rate Preferred & Income Fund stock for Q4 2023, up 61% quarter-over-quarter.
- 16 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q4 2023 and 5 closed out, a net change of +11 holders.
- The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $44.3M added.
- The largest Nuveen Variable Rate Preferred & Income Fund seller in Q4 2023 was Atlas Wealth, an estimated $8.85M sold.
Based on aggregated 13F filings for Q4 2023.