NUVEEN VRIABL RAT PFD & INM NPFD
COM · Closed-End Fund · CUSIP 67080R102
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $15.84.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 27 |
| Q4 2022 | 36 |
| Q1 2023 | 37 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 27 | 6 |
| Q1 2023 | 23 | 14 |
Biggest buyers
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +209.2k |
| Atlas Wealth LLC | Added | +204.0k |
| SIT INVESTMENT ASSOCIATES INC | Added | +167.9k |
| MORGAN STANLEY | Added | +143.6k |
| HighTower Advisors, LLC | New | +32.5k |
| UBS Group AG | Added | +31.7k |
| ROYAL BANK OF CANADA | Added | +30.3k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +23.5k |
| STIFEL FINANCIAL CORP | Added | +22.5k |
| JONES ROAD CAPITAL MANAGEMENT, L.P. | New | +17.8k |
Biggest sellers
| Alpha Cubed Investments, LLC | Sold out | -59.0k |
| Weiss Asset Management LP | Sold out | -35.8k |
| Invesco Ltd. | Reduced | -23.6k |
| Virtu Financial LLC | Sold out | -14.5k |
| Cetera Advisor Networks LLC | Sold out | -10.8k |
| Clear Harbor Asset Management, LLC | Sold out | -10.6k |
| B. Riley Wealth Advisors, Inc. | Reduced | -6.4k |
| FIRST TRUST ADVISORS LP | Reduced | -6.3k |
| BDO Wealth Advisors, LLC | Reduced | -2.4k |
| Karpus Management, Inc. | Reduced | -1.2k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| SIT INVESTMENT ASSOCIATES INC 13G · institution filed 2025-03-04 | 10.5% |
| FIRST TRUST PORTFOLIOS LP 13G · institution new · filed 2026-04-30 | 7.8% |
| MORGAN STANLEY 13G · institution +4.0 pts · filed 2025-08-05 | 6.5% |
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| SIT INVESTMENT ASSOCIATES INC 0.39% of their portfolio | 906.4k $14.4m | Added +167.9k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.59% of their portfolio | 765.2k $12.1m | Added +209.2k |
| UBS Group AG 0.00% of their portfolio | 597.9k $9.5m | Added +31.7k |
| MORGAN STANLEY 0.00% of their portfolio | 428.7k $6.8m | Added +143.6k |
| Invesco Ltd. 0.00% of their portfolio | 314.7k $5.0m | Reduced -23.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 281.3k $4.5m | Added +1.6k |
| Atlas Wealth LLC 0.72% of their portfolio | 232.9k $3.7m | Added +204.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 182.7k $2.9m | Added +30.3k |
| Karpus Management, Inc. 0.08% of their portfolio | 159.6k $2.5m | Reduced -1.2k |
| CORRADO ADVISORS, LLC 1.41% of their portfolio | 133.9k $2.1m | Added +3.3k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 93.0k $1.5m | Added +22.5k |
| WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio | 60.4k $957.0k | Added +23.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 45.0k $713.3k | Reduced -6.3k |
| HighTower Advisors, LLC 0.00% of their portfolio | 32.5k $517.0k | New |
| WEDBUSH SECURITIES INC 0.02% of their portfolio | 26.0k $413.0k | Added +2.4k |
| Altus Wealth Group LLC 0.25% of their portfolio | 23.7k $375.5k | Unchanged |
| Walleye Capital LLC 0.01% of their portfolio | 23.7k $375.0k | Added +13.5k |
| B. Riley Wealth Advisors, Inc. 0.01% of their portfolio | 18.9k $300.4k | Reduced -6.4k |
| JONES ROAD CAPITAL MANAGEMENT, L.P. 0.26% of their portfolio | 17.8k $281.5k | New |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 15.8k $250.5k | Reduced -4 |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 15.1k $239.5k | New |
| Matisse Capital 0.13% of their portfolio | 12.6k $199.7k | New |
| Carnegie Investment Counsel 0.01% of their portfolio | 12.0k $190.1k | Unchanged |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.10% of their portfolio | 11.8k $186.4k | New |
| Claybrook Capital, LLC 0.10% of their portfolio | 11.6k $183.9k | New |
| AVANTAX ADVISORY SERVICES, INC. 0.00% of their portfolio | 11.3k $179.4k | Unchanged |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 10.5k $167.1k | New |
| Independence Bank of Kentucky 0.05% of their portfolio | 7.0k $110.9k | Unchanged |
| BDO Wealth Advisors, LLC 0.01% of their portfolio | 3.8k $60.8k | Reduced -2.4k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 2.1k $32.5k | Added +801 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 1.0k $15.8k | New |
| Colonial Trust Co / SC 0.00% of their portfolio | 750 $11.9k | Unchanged |
| FNY Investment Advisers, LLC 0.01% of their portfolio | 700 $11.0k | New |
| BESSEMER GROUP INC 0.00% of their portfolio | 601 $10.0k | New |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 600 $9.5k | Unchanged |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 6 $95 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |