Nuveen Variable Rate Preferred & Income Fund
NPFD
45 hedge funds and large institutions have $171M invested in Nuveen Variable Rate Preferred & Income Fund in 2025 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
5% more funds holding
Funds holding: 43 → 45 (+2)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0% more capital invested
Capital invested by funds: $170M → $171M (+$816K)
1.06% less ownership
Funds ownership: 36.43% → 35.36% (-1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.95M |
| 2 |
Morgan Stanley
New York
|
+$1.74M |
| 3 |
PCM
Penserra Capital Management
Orinda,
California
|
+$1.11M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$525K |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$486K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$5.81M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$2.2M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.16M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$989K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$899K |
NPFD Hedge Fund Activity: Q3 2025 in Review
45 of the 7,641 institutional investors tracked by Wall St. Rank reported a position in Nuveen Variable Rate Preferred & Income Fund (NPFD) for Q3 2025, worth a combined $171M — up 0.48% from $170M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NPFD positions and 4 closed out — a net gain of 2 holders — while 16 added to existing stakes and 15 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.95M. The largest seller was Wells Fargo, cutting an estimated $5.81M.
- 45 institutional investors held Nuveen Variable Rate Preferred & Income Fund (NPFD) as of Q3 2025, up from 43 in Q2 2025.
- Funds reported $171M of Nuveen Variable Rate Preferred & Income Fund stock for Q3 2025, up 0.48% quarter-over-quarter.
- 6 funds opened new Nuveen Variable Rate Preferred & Income Fund positions in Q3 2025 and 4 closed out, a net change of +2 holders.
- The largest Nuveen Variable Rate Preferred & Income Fund buyer in Q3 2025 was Advisors Asset Management, an estimated $1.95M added.
- The largest Nuveen Variable Rate Preferred & Income Fund seller in Q3 2025 was Wells Fargo, an estimated $5.81M sold.
Based on aggregated 13F filings for Q3 2025.