NPFD · Nuveen Variable Rate Preferred & Income Fund

$18.59 -0.01 (-0.05%) At close · Aug 20

Market Cap

$449.45M

24.16M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Quarter:

Holders: 51

Total Value: $147,428,063

Total Shares: 7,833,586

Institutional Ownership Trend

19 quarters

Holder Concentration

Across 51 13F filers · Δ vs Mar 31, 2026

Top Holder

30.7%

−0.4 pts

Top 5

74.4%

−0.7 pts

Top 10

89.2%

−0.4 pts

HHI

1,746

Moderately concentrated−53

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -5

Institutional value: +4.2%

Shares held: +0.5%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mid Advisors Asset Management, Inc.	+56,827	444,389
Mega UBS Group AG	+33,068	416,649
Large OSAIC HOLDINGS, INC.	+14,543	18,027
Mega Invesco Ltd.	+6,098	265,957
Mid WEDBUSH SECURITIES INC	+5,983	36,897

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega WELLS FARGO & COMPANY/MN	−117,071	270,297
Mega ROYAL BANK OF CANADA	−70,371	587,471
Mega MORGAN STANLEY	−28,255	1,968,184
Mega ENVESTNET ASSET MANAGEMENT INC	−19,299	42,371
Mid SIT INVESTMENT ASSOCIATES INC	−16,426	2,408,758

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Small Atlas Wealth LLC	263,387	$4,956,943
Mid Global Retirement Partners, LLC	19,744	$371,582
Mid Virtu Financial LLC	14,622	$275,186
Mid Arax Advisory Partners	6,101	$114,820
Mid Integrated Wealth Concepts LLC	3,100	$58,342

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Micro Concorde Asset Management, LLC	24,400	$442,860
Mid SMITH CHAS P & ASSOCIATES PA CPAS	18,000	$326,700
Large HRT FINANCIAL LP	15,756	$285,971
Micro Catalina Capital Group, LLC	12,572	$228,181
Mid Carnegie Investment Counsel	12,000	$217,800

Filter: New 6 Increased 13 Reduced 19 Sold out 11 Unchanged 13

Showing 51 of 51

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

SIT INVESTMENT ASSOCIATES INC

$45,332,825

30.75%

2,408,758

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SIT FIXED INCOME ADVISORS II LLC /ADV	2,408,758	$45,332,825	100.0%	Sole

MORGAN STANLEY

$37,041,222

25.12%

1,968,184

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY SMITH BARNEY LLC	282,229	$5,311,549	14.3%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	1,685,955	$31,729,673	85.7%	Defined

ROYAL BANK OF CANADA

$11,056,203

7.50%

587,471

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	586,982	$11,047,001	99.9%	Defined
RBC Rochdale, LLC	489	$9,202	0.1%	Defined

Advisors Asset Management, Inc.

$8,363,400

5.67%

444,389

UBS Group AG

$7,841,333

5.32%

416,649

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	413,829	$7,788,261	99.3%	Defined
UBS AG	2,448	$46,071	0.6%	Defined
UBS Securities LLC	372	$7,001	0.1%	Defined

WELLS FARGO & COMPANY/MN

$5,086,988

3.45%

270,297

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	36,846	$693,441	13.6%	Defined
WELLS FARGO CLEARING SERVICES, LLC	233,451	$4,393,547	86.4%	Defined

Invesco Ltd.

$5,005,310

3.40%

265,957

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Investment Advisers LLC	33,013	$621,304	12.4%	Defined
Invesco Capital Management LLC	232,944	$4,384,006	87.6%	Defined

Atlas Wealth LLC

$4,956,943

3.36%

263,387

COHEN & STEERS, INC.

$3,858,100

2.62%

205,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Cohen & Steers Capital Management Inc	205,000	$3,858,100	100.0%	Sole

STIFEL FINANCIAL CORP

$2,905,713

1.97%

154,395

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STIFEL NICOLAUS & CO INC \MO\	154,395	$2,905,713	100.0%	Defined

FIRST TRUST ADVISORS LP

$2,394,073

1.62%

127,209

COMMONWEALTH EQUITY SERVICES, LLC

$1,265,174

0.86%

67,225

EVOLVE PRIVATE WEALTH, LLC

$1,206,023

0.82%

64,082

Closed-End Fund Advisors, Inc.

$969,587

0.66%

51,519

Summit Financial, LLC

$948,923

0.64%

50,421

Cetera Investment Advisers

$895,022

0.61%

47,557

ENVESTNET ASSET MANAGEMENT INC

$797,422

0.54%

42,371

Equitable Holdings, Inc.

$782,610

0.53%

41,584

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
EQUITABLE ADVISORS, LLC	41,584	$782,610	100.0%	Defined

WEDBUSH SECURITIES INC

$694,401

0.47%

36,897

Janney Montgomery Scott LLC

$576,550

0.39%

30,635

BESSEMER GROUP INC

$526,508

0.36%

27,976

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BESSEMER TRUST Co OF FLORIDA	27,976	$526,508	100.0%	Defined

BANK OF AMERICA CORP /DE/

$439,578

0.30%

23,357

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	23,357	$439,578	100.0%	Defined

UHLMANN PRICE SECURITIES, LLC

$381,933

0.26%

20,294

Global Retirement Partners, LLC

$371,582

0.25%

19,744

LPL Financial LLC

$355,378

0.24%

18,883

OSAIC HOLDINGS, INC.

$339,268

0.23%

18,027

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	5,455	$102,663	30.3%	Defined
CW Advisors, LLC	12,572	$236,605	69.7%	Sole

Seed Wealth Management, Inc.

$320,504

0.22%

17,030

&PARTNERS

$283,862

0.19%

15,083

Lido Advisors, LLC

$283,316

0.19%

15,054

Virtu Financial LLC

$275,186

0.19%

14,622

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	14,622	$275,186	100.0%	Defined

Sage Capital Management, LLC

$254,070

0.17%

13,500

CHOREO, LLC

$240,067

0.16%

12,756

MILLENNIUM MANAGEMENT LLC

$232,012

0.16%

12,328

WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC

$221,454

0.15%

11,767

ACCREDITED INVESTOR SERVICES, LLC

$219,403

0.15%

11,658

Merit Financial Group, LLC

$203,086

0.14%

10,791

Arax Advisory Partners

$114,820

0.08%

6,101

Ritter Daniher Financial Advisory LLC / DE

$61,522

0.04%

3,269

Pinnacle Wealth Planning Services, Inc.

$58,567

0.04%

3,112

Integrated Wealth Concepts LLC

$58,342

0.04%

3,100

BARCLAYS PLC

$52,696

0.04%

2,800

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	2,800	$52,696	100.0%	Defined

CoreCap Advisors, LLC

$47,783

0.03%

2,539

WPG Advisers, LLC

$25,877

0.02%

1,375

FIFTH THIRD BANCORP

$18,330

0.01%

974

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fifth Third Bank, National Association	974	$18,330	100.0%	Defined

US BANCORP \DE\

$17,822

0.01%

947

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
US BANK NATIONAL ASSOCIATION	947	$17,822	100.0%	Defined

FNY Investment Advisers, LLC

$13,174

0.01%

700

IFP Advisors, Inc

$11,499

0.01%

611

WHITTIER TRUST CO OF NEVADA INC

$10,031

0.01%

533

Farther Finance Advisors, LLC

$8,619

0.01%

458

Rockefeller Capital Management L.P.

$3,124

0.00%

166

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ROCKEFELLER FINANCIAL LLC	166	$3,124	100.0%	Defined

ASSETMARK, INC

$828

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	8,877	$161,117	100.0%	Defined

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BlackRock Investment Management, LLC	495	$8,984	100.0%	Sole

Key facts CIK 1865389 CUSIP 67080R102 13F (30d) 43 filings 43 filers Visit website