Nuveen Variable Rate Preferred & Income Fund
NPFD
42 hedge funds and large institutions have $162M invested in Nuveen Variable Rate Preferred & Income Fund in 2024 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 25 increasing their positions, 8 reducing their positions, and 12 closing their positions.
213% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 8
22% more capital inflows, than outflows
Capital inflows: $32.4M | Capital outflows: $26.5M
1.29% more ownership
Funds ownership: 35.49% → 36.78% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
18% less funds holding
Funds holding: 51 → 42 (-9)
75% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$11.5M |
| 2 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.8M |
| 3 |
Cohen & Steers
New York
|
+$3.69M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$3.39M |
| 5 |
Independent Advisor Alliance
Charlotte,
North Carolina
|
+$1.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$11.7M |
| 2 |
Morgan Stanley
New York
|
-$9.6M |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
-$1.85M |
| 4 |
Corrado Advisors
Ramsey,
New Jersey
|
-$1.15M |
| 5 |
Matisse Capital
Portland,
Oregon
|
-$857K |
NPFD Hedge Fund Activity: Q4 2024 in Review
42 of the 7,618 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q4 2024, worth a combined $162M — down 0.14% from $162M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NPFD and 3 opened new positions — a net loss of 9 holders — while 8 trimmed existing stakes and 25 added.
The largest buyer was Wells Fargo, adding an estimated $11.5M. The largest seller was Saba Capital Management, exiting entirely with an estimated $11.7M sold.
- 42 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q4 2024, down from 51 in Q3 2024.
- Funds reported $162M of Nuveen Variable Rate Preferred & Income Fund stock for Q4 2024, down 0.14% quarter-over-quarter.
- 3 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q4 2024 and 12 closed out, a net change of -9 holders.
- The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q4 2024 was Wells Fargo, an estimated $11.5M added.
- The largest Nuveen Variable Rate Preferred & Income Fund seller in Q4 2024 was Saba Capital Management, an estimated $11.7M sold.
Based on aggregated 13F filings for Q4 2024.