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Nuveen Variable Rate Preferred & Income Fund

46 hedge funds and large institutions have $164M invested in Nuveen Variable Rate Preferred & Income Fund in 2025 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

50% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 12

10% more funds holding

Funds holding: 4246 (+4)

1% more capital invested

Capital invested by funds: $162M → $164M (+$2.04M)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.56% less ownership

Funds ownership: 36.78%36.22% (-0.56%)

Holders
46
Holders Change
+4
Holders Change %
+9.52%
% of All Funds
0.62%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
9
Increased
18
Reduced
12
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SIA
1
Sit Investment Associates
Minnesota
$49.6M +$13.6M +721,300 +38%
Morgan Stanley
2
Morgan Stanley
New York
$33.2M -$630K -33,329 -2%
Wells Fargo
3
Wells Fargo
California
$16.6M +$2.61M +137,944 +19%
Royal Bank of Canada
4
Royal Bank of Canada
Ontario, Canada
$10.3M +$978K +51,748 +10%
UBS Group
5
UBS Group
Switzerland
$10.1M -$900K -47,633 -8%
TJHA
6
Thomas J. Herzfeld Advisors
Florida
$7.7M -$4.35M -230,044 -36%
Invesco
7
Invesco
Georgia
$6.5M +$174K +9,202 +3%
PCM
8
Penserra Capital Management
California
$5.03M +$70.1K +3,707 +1%
Envestnet Asset Management
9
Envestnet Asset Management
Illinois
$4.66M -$1.97M -104,008 -30%
Cohen & Steers
10
Cohen & Steers
New York
$3.85M
Stifel Financial
11
Stifel Financial
Missouri
$3.49M +$60.2K +3,184 +2%
First Trust Advisors
12
First Trust Advisors
Illinois
$1.68M +$23.2K +1,225 +1%
RC
13
Rareview Capital
Nevada
$1.37M -$2.19M -115,823 -61%
CL
14
Choreo LLC
Illinois
$1.18M -$614K -32,494 -34%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$1.04M +$169K +8,957 +19%
Pathstone Holdings
16
Pathstone Holdings
New Jersey
$882K -$4.83M -255,577 -85%
BI
17
Bramshill Investments
Florida
$742K +$794 +42 +0.1%
Goldman Sachs
18
Goldman Sachs
New York
$670K +$675K +35,692 New
CAM
19
Concorde Asset Management
Michigan
$517K +$116K +6,150 +28%
WS
20
Wedbush Securities
California
$505K +$30.1K +1,594 +6%
SWM
21
Seed Wealth Management
Illinois
$502K -$659K -34,881 -57%
JRCM
22
Jones Road Capital Management
New York
$443K +$74.9K +3,961 +20%
CCG
23
Catalina Capital Group
California
$442K
Cetera Investment Advisers
24
Cetera Investment Advisers
Illinois
$385K +$12.6K +669 +3%
UPS
25
UHLMANN PRICE SECURITIES
Illinois
$355K -$10K -529 -3%

NPFD Hedge Fund Activity: Q1 2025 in Review

46 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q1 2025, worth a combined $164M — up 1.3% from $162M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new NPFD positions and 5 closed out — a net gain of 4 holders — while 18 added to existing stakes and 12 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $13.6M. The largest seller was Pathstone Holdings, cutting an estimated $4.83M.

  • 46 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q1 2025, up from 42 in Q4 2024.
  • Funds reported $164M of Nuveen Variable Rate Preferred & Income Fund stock for Q1 2025, up 1.3% quarter-over-quarter.
  • 9 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q1 2025 and 5 closed out, a net change of +4 holders.
  • The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q1 2025 was Sit Investment Associates, an estimated $13.6M added.
  • The largest Nuveen Variable Rate Preferred & Income Fund seller in Q1 2025 was Pathstone Holdings, an estimated $4.83M sold.

Based on aggregated 13F filings for Q1 2025.