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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, Q4 2025

Institutional positions in Nuveen Variable Rate Preferred & Income Fund as of Dec 31, 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
48
+3 vs. Q3 2025
Shares held
8.21M
−335.9K (−3.9%) vs. Q3 2025
Total value
$156.2M
−$14.3M (−8.4%) vs. Q3 2025
New holders
8
11 more added
Sold out
5
19 more reduced

Compare with Q3 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 holdersQ4 2025: 48 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 heldQ4 2025: $156.2M
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: $123.1MQ1 2024: $149.1MQ2 2024: $172.6MQ3 2024: $162.4MQ4 2024: $162.2MQ1 2025: $164.1MQ2 2025: $169.7MQ3 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$169.7M
Q1 202546$164.1M
Q4 202442$162.2M
Q3 202451$162.4M
Q2 202443$172.6M
Q1 202442$149.1M
Q4 202342$123.1M
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, Q4 2025

Shares, value and share of portfolio for each institution holding Nuveen Variable Rate Preferred & Income Fund; share changes are against Q3 2025.

Institutions holding NPFD in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Assetmark, Inc44$8370.00%00.0%Unchanged
Bank of America Corp342$6.51K0.00%00.0%Unchanged
Rockefeller Capital Management L.P.821$15.6K0.00%−405−33.0%Reduced
US Bancorp947$18.0K0.00%00.0%Unchanged
WPG Advisers, LLC1,179$22.4K0.02%−1−0.1%Reduced
Comerica Bank1,737$33.0K0.00%−830−32.3%Reduced
CoreCap Advisors, LLC2,539$48.3K0.00%00.0%Unchanged
Pinnacle Wealth Planning Services, Inc.2,911$55.4K0.01%+2,911New
Wolverine Asset Management LLC3,060$58.2K0.00%+3,060New
Advisor Group Holdings, Inc.6,036$114.9K0.00%−2,696−30.9%Reduced
Ritter Daniher Financial Advisory LLC9,347$177.9K0.03%+9,347New
Merit Financial Group, LLC10,535$200.5K0.00%−242−2.2%Reduced
Summit Financial, LLC11,232$213.7K0.00%−2,346−17.3%Reduced
Walled Lake Planning & Wealth Management, LLC11,767$223.9K0.07%00.0%Unchanged
Carnegie Capital Asset Management, LLC12,000$228.4K0.00%00.0%Unchanged
Virtu Financial LLC12,167$232.0K0.01%+12,167New
Accredited Investor Services, LLC12,409$236.1K0.16%−462−3.6%Reduced
RSM US Wealth Management LLC12,537$241.8K0.00%−19,995−61.5%Reduced
Sage Capital Management, LLC13,500$256.9K0.12%00.0%Unchanged
LPL Financial LLC15,606$297.0K0.00%−223−1.4%Reduced
Lido Advisors, LLC15,109$304.1K0.00%00.0%Unchanged
Wiley Bros.-Aintree Capital, LLC16,081$306.0K0.00%−1,034−6.0%Reduced
Global Retirement Partners, LLC17,478$332.6K0.01%+17,478New
Uhlmann Price Securities, LLC19,553$372.1K0.22%−189−1.0%Reduced
Smith Chas P & Associates Pa Cpas21,000$399.6K0.02%00.0%Unchanged
Seed Wealth Management, Inc.21,550$410.1K0.28%−1,000−4.4%Reduced
Catalina Capital Group, LLC23,579$448.7K0.28%+45+0.2%Added
Jane Street Group, LLC24,599$468.1K0.00%+24,599New
Concorde Asset Management, LLC26,100$496.7K0.20%+300+1.2%Added
Janney Montgomery Scott LLC26,560$505.0K0.00%+1,600+6.4%Added
Wedbush Securities Inc29,379$559.0K0.02%−375−1.3%Reduced
Cetera Investment Advisers45,278$861.7K0.00%+6,764+17.6%Added
Envestnet Asset Management Inc47,360$901.3K0.00%−137,840−74.4%Reduced
Rareview Capital LLC53,778$1.04M0.67%+4,692+9.6%Added
Commonwealth Equity Services, LLC62,255$1.18M0.00%+2,173+3.6%Added
Evolve Private Wealth, LLC68,705$1.31M0.08%+68,705New
Closed-End Fund Advisors, Inc.78,578$1.50M0.88%+78,578New
First Trust Advisors LP109,628$2.09M0.00%+3,276+3.1%Added
Stifel Financial Corp189,634$3.61M0.00%+7,803+4.3%Added
Cohen & Steers, Inc.205,000$3.90M0.01%00.0%Unchanged
Invesco Ltd.273,556$5.21M0.00%−31,619−10.4%Reduced
Advisors Asset Management, Inc.277,670$5.28M0.09%+106,171+61.9%Added
Wells Fargo & Company346,813$6.60M0.00%−141,043−28.9%Reduced
Penserra Capital Management LLC367,533$6.99M0.08%+34,033+10.2%Added
UBS Group AG395,681$7.53M0.00%−56,954−12.6%Reduced
Royal Bank of Canada637,001$12.1M0.00%+63,041+11.0%Added
Morgan Stanley1,978,914$37.7M0.00%−14,077−0.7%Reduced
Sit Investment Associates Inc2,689,668$51.2M1.01%−63,572−2.3%Reduced
Thomas J. Herzfeld Advisors, Inc.0$00.00%−261,335−100.0%Sold out
Bramshill Investments, LLC0$00.00%−38,484−100.0%Sold out
Advisory Services Network, LLC0$00.00%−6,216−100.0%Sold out
Newbridge Financial Services Group, Inc.0$00.00%−1,000−100.0%Sold out
FNY Investment Advisers, LLC0$00.00%−700−100.0%Sold out