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Nuveen Variable Rate Preferred & Income Fund

NPFD
Exchange
NYSE
SEC CIK
0001865389

No open-market purchases or sales by Nuveen Variable Rate Preferred & Income Fund insiders were filed in the last 90 days; 51 institutions reported holding it in 13F filings for Q2 2026, worth $147.7M in total; no superinvestor holds it.

13F holders, Q2 2025

Institutional positions in Nuveen Variable Rate Preferred & Income Fund as of Jun 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
43
−2 vs. Q1 2025
Shares held
9.35M
+626.1K (+7.2%) vs. Q1 2025
Total value
$180.2M
+$16.5M (+10.1%) vs. Q1 2025
New holders
6
15 more added
Sold out
8
12 more reduced

1 institution that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NPFD on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2025: 43 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 10 institutionsQ1 2022: 12 institutionsQ2 2022: 18 institutionsQ3 2022: 26 institutionsQ4 2022: 35 institutionsQ1 2023: 36 institutionsQ2 2023: 39 institutionsQ3 2023: 33 institutionsQ4 2023: 42 institutionsQ1 2024: 42 institutionsQ2 2024: 43 institutionsQ3 2024: 51 institutionsQ4 2024: 42 institutionsQ1 2025: 46 institutionsQ2 2025: 43 institutionsQ3 2025: 45 institutionsQ4 2025: 48 institutionsQ1 2026: 56 institutionsQ2 2026: 51 institutions
Value heldQ2 2025: $180.2M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $8.42MQ1 2022: $14.3MQ2 2022: $16.8MQ3 2022: $20.6MQ4 2022: $64.5MQ1 2023: $70.7MQ2 2023: $87.4MQ3 2023: $102.8MQ4 2023: $165.9MQ1 2024: $244.8MQ2 2024: $172.6MQ3 2024: $162.4MQ4 2024: $162.2MQ1 2025: $164.2MQ2 2025: $180.2MQ3 2025: $170.5MQ4 2025: $156.2MQ1 2026: $141.5MQ2 2026: $147.7M
Institutions holding NPFD and their total value by quarter
QuarterHoldersValue
Q2 202651$147.7M
Q1 202656$141.5M
Q4 202548$156.2M
Q3 202545$170.5M
Q2 202543$180.2M
Q1 202546$164.2M
Q4 202442$162.2M
Q3 202451$162.4M
Q2 202443$172.6M
Q1 202442$244.8M
Q4 202342$165.9M
Q3 202333$102.8M
Q2 202339$87.4M
Q1 202336$70.7M
Q4 202235$64.5M
Q3 202226$20.6M
Q2 202218$16.8M
Q1 202212$14.3M
Q4 202110$8.42M
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Nuveen Variable Rate Preferred & Income Fund; share changes are against Q1 2025.

Institutions holding NPFD in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Sit Investment Associates Inc2,812,910$54.2M1.16%+168,849+6.4%Added
Morgan Stanley1,903,601$36.7M0.00%+132,388+7.5%Added
Royal Bank of Canada1,093,992$21.1M0.00%+547,065+100.0%Added
Wells Fargo & Company786,250$15.2M0.00%−96,115−10.9%Reduced
UBS Group AG565,747$10.9M0.00%+26,270+4.9%Added
Invesco Ltd.355,961$6.86M0.00%+9,874+2.9%Added
Thomas J. Herzfeld Advisors, Inc.307,485$5.93M2.11%−102,604−25.0%Reduced
Penserra Capital Management LLC276,310$5.33M0.07%+8,149+3.0%Added
Envestnet Asset Management Inc226,453$4.37M0.00%−21,963−8.8%Reduced
Cohen & Steers, Inc.205,000$3.95M0.01%00.0%Unchanged
Stifel Financial Corp202,113$3.90M0.00%+16,208+8.7%Added
First Trust Advisors LP92,839$1.79M0.00%+3,382+3.8%Added
Advisors Asset Management, Inc.71,272$1.37M0.02%+71,272New
Commonwealth Equity Services, LLC60,068$1.16M0.00%+4,684+8.5%Added
Rareview Capital LLC43,415$837.0K0.53%−29,747−40.7%Reduced
Bramshill Investments, LLC39,400$759.6K0.08%−108−0.3%Reduced
RSM US Wealth Management LLC36,802$712.8K0.01%−25,547−41.0%Reduced
Wedbush Securities Inc28,444$548.0K0.02%+1,544+5.7%Added
Catalina Capital Group, LLC23,548$454.0K0.31%00.0%Unchanged
Seed Wealth Management, Inc.23,350$450.2K0.34%−3,369−12.6%Reduced
Smith Chas P & Associates Pa Cpas22,000$424.2K0.02%+22,000New
Cetera Investment Advisers21,906$422.4K0.00%+1,387+6.8%Added
Uhlmann Price Securities, LLC18,987$366.1K0.26%+70+0.4%Added
Wiley Bros.-Aintree Capital, LLC17,006$327.9K0.00%+289+1.7%Added
Lido Advisors, LLC15,054$292.8K0.00%00.0%Unchanged
Accredited Investor Services, LLC13,094$252.5K0.19%+499+4.0%Added
Sage Capital Management, LLC12,500$241.0K0.12%00.0%Unchanged
LPL Financial LLC12,029$231.9K0.00%+12,029New
Carnegie Capital Asset Management, LLC12,000$231.4K0.00%00.0%Unchanged
Walled Lake Planning & Wealth Management, LLC11,767$226.9K0.07%00.0%Unchanged
Merit Financial Group, LLC10,489$202.2K0.00%+10,489New
Advisor Group Holdings, Inc.8,797$169.6K0.00%−1,908−17.8%Reduced
Geneos Wealth Management Inc.6,168$118.9K0.00%−5,333−46.4%Reduced
Comerica Bank3,597$69.3K0.00%+1,086+43.2%Added
Raymond James Financial Inc3,586$69.1K0.00%+3,586New
WPG Advisers, LLC1,097$21.1K0.02%−109−9.0%Reduced
Newbridge Financial Services Group, Inc.1,000$19.3K0.00%+1,000New
US Bancorp947$18.3K0.00%00.0%Unchanged
FNY Investment Advisers, LLC700$13.0K0.01%00.0%Unchanged
Blue Bell Private Wealth Management, LLC620$12.0K0.00%−5,745−90.3%Reduced
Bank of America Corp342$6.59K0.00%−418−55.0%Reduced
CWM, LLC112$2.00K0.00%00.0%Unchanged
Assetmark, Inc44$8480.00%00.0%Unchanged
Pathstone Holdings, LLC0$00.00%−46,670−100.0%Sold out
Goldman Sachs Group Inc0$00.00%−35,692−100.0%Sold out
Jones Road Capital Management, L.P.0$00.00%−23,600−100.0%Sold out
Cambridge Investment Research Advisors, Inc.0$00.00%−13,612−100.0%Sold out
Boston Private Wealth LLC0$00.00%−1,531−100.0%Sold out
Hazlett, Burt & Watson, Inc.0$00.00%−1,335−100.0%Sold out
JPMorgan Chase & Co0$00.00%−320−100.0%Sold out
Coldstream Capital Management Inc0$00.00%−266−100.0%Sold out
Concorde Asset Management, LLC––––Not filed