Nuveen Variable Rate Preferred & Income Fund
NPFD
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.
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: 42 → 46 (+4)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.59% less ownership
Funds ownership: 36.78% → 36.2% (-0.59%)
11% less capital inflows, than outflows
Capital inflows: $19.6M | Capital outflows: $22.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sit Investment Associates
Minneapolis,
Minnesota
|
+$13.6M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$2.61M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$978K |
| 4 |
Goldman Sachs
New York
|
+$675K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$257K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pathstone Holdings
Englewood,
New Jersey
|
-$4.83M |
| 2 |
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$4.35M |
| 3 |
Karpus Investment Management
Pittsford,
New York
|
-$3.04M |
| 4 |
Rareview Capital
Las Vegas,
Nevada
|
-$2.19M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$1.97M |
NPFD Hedge Fund Activity: Q1 2025 in Review
46 of the 7,482 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 1.2% 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 1.2% 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.