Companies: 10,795·Total market cap: $144.5T
Nuveen Variable Rate Preferred & Income Fund

Nuveen Variable Rate Preferred & Income Fund

NPFDNYSEFinancial Services● Active
$18.76
+$0.05(+0.27%)
Market Cap$453319285
P/E Ratio
52W High$20.12
52W Low$17.59

Nuveen Variable Rate Preferred & Income Fund (NPFD) Stock Ownership

Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.

SEC 13F · FMP · NPFD · as of Sep 30, 2025

Ownership Breakdown

Institutions 35.36%
Insiders 100%
Public 0%

45

Institutional Holders

▲ 2 vs Q2

$170.50M

Total Inst. Value

▲ $801,187 vs Q2

24.16M

Shares Outstanding

freeFloat 0.00%

8.54M

13F Shares Held

▼ 257,893 vs Q2

Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.

Top Institutional Holders

NPFD largest shareholders · institutional ownership

Q3 2025 · SEC 13F

Showing top 10 holders

HolderShares% OwnedWeightValueReportedChange

SIT INVESTMENT ASSOCIATES INC

2.75M11.39%

11.39%

$54.95BNov 13, 2025 59.7K

MORGAN STANLEY

1.99M8.25%

8.25%

$39.78BMay 27, 2026 89.4K

ROYAL BANK OF CANADA

574.0K2.38%

2.38%

$11.46BNov 14, 2025 27.0K

WELLS FARGO & COMPANY/MN

487.9K2.02%

2.02%

$9.74BNov 13, 2025 298.4K

UBS GROUP AG

452.6K1.87%

1.87%

$9.03BNov 13, 2025 113.1K

PENSERRA CAPITAL MANAGEMENT LLC

333.5K1.38%

1.38%

$6.66BNov 4, 2025 57.2K

INVESCO LTD.

305.2K1.26%

1.26%

$6.09BNov 13, 2025 50.8K

THOMAS J. HERZFELD ADVISORS, INC.

261.3K1.08%

1.08%

$5.22BNov 12, 2025 46.1K

COHEN & STEERS, INC.

205.0K84.84%

84.84%

$4.09BNov 14, 2025— held

ENVESTNET ASSET MANAGEMENT INC

185.2K76.64%

76.64%

$3.70BNov 5, 2025 41.3K

Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).

Institutional Activity

Q3 2025 vs prior quarter

Q3 2025

Net institutional sentimentBullish — more buying than selling

16

Increased

+316.2K shares

6

New Positions

first time holders

15

Decreased

−638.0K shares

4

Sold Out

fully exited

Net shares change (top 50)

321.7K

+316.2K / −638.0K

Net new holders

+3

6 new / 4 exited

Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).

Insider Buying vs Selling

NPFD insider trading · insider activity

Source: SEC Form 4

Buy 100%Active transactions only0% Sell

Insiders have been net buyers of shares recently. Selling may be driven by pre-scheduled Rule 10b5-1 plans rather than negative sentiment.

1

Buy transactions

0

Sell transactions

0.00

Buy/Sell ratio

$0M

Total disposed

Recent Insider Transactions

Showing 10 most recent · Common Stock only

Name · RoleDateTypeSharesPriceValueAfter Trans.Filing

Jones Nathaniel T.

Vice President and Treasurer

May 5, 2025Purchase500$18.69$9.3K500Form 4 ↗

Langenfeld Brenda A.

director

Oct 31, 2022Purchase469$17.05$8.0K469Form 4 ↗

Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.

About institutional & insider ownership

Nuveen Variable Rate Preferred & Income Fund (NPFD) is primarily owned by institutional investors, who hold approximately 35.4% of total shares outstanding. Company insiders own approximately 100.00%, while retail and public investors account for the remaining 0.00%.

The largest institutional shareholder of Nuveen Variable Rate Preferred & Income Fund is SIT INVESTMENT ASSOCIATES INC, holding approximately 2.75 million shares — equal to 11.39% of outstanding shares — as of September 30, 2025.

A total of 45 institutional investors currently hold NPFD stock, with a combined institutional value of approximately $170,504,024 as of the most recent 13F filing period.

Frequently asked questions

NPFD ownership

Nuveen Variable Rate Preferred & Income Fund (NPFD) is primarily owned by institutional investors, who hold approximately 35.4% of shares. The largest shareholder is SIT INVESTMENT ASSOCIATES INC with a 11.39% stake. Company insiders hold 100.00%. Data sourced from SEC Form 13F as of September 30, 2025.

who owns NPFD stockNPFD ownership structureSEC Form 13F institutional holdingsNPFD float vs institutions
Source: FMP · SEC Form 13F · SEC Form 4As of September 30, 2025