NUVEEN VRIABL RAT PFD & INM NPFD
COM · Closed-End Fund · CUSIP 67080R102
40
institutional holders
+3 vs Q1 2023
5.6m
shares reported held*
$87.4mreported value*
5 new
15 added
10 reduced
3 sold out
net bought ≈ $17.9m (+1.2m shares)
* 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 ≈ $15.53.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 27 |
| Q4 2022 | 36 |
| Q1 2023 | 37 |
| Q2 2023 | 40 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 27 | 6 |
| Q1 2023 | 23 | 14 |
| Q2 2023 | 20 | 13 |
Biggest buyers
| MORGAN STANLEY | Added | +411.7k |
| Atlas Wealth LLC | Added | +301.4k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Added | +234.3k |
| Saba Capital Management, L.P. | New | +183.9k |
| Karpus Management, Inc. | Added | +45.9k |
| Seed Wealth Management, Inc. | New | +40.6k |
| Invesco Ltd. | Added | +32.9k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +25.7k |
| STIFEL FINANCIAL CORP | Added | +19.7k |
| TRUIST FINANCIAL CORP | Added | +19.0k |
Biggest sellers
| SIT INVESTMENT ASSOCIATES INC | Reduced | -105.1k |
| UBS Group AG | Reduced | -73.8k |
| WELLS FARGO & COMPANY/MN | Reduced | -18.6k |
| AVANTAX ADVISORY SERVICES, INC. | Sold out | -11.3k |
| Independence Bank of Kentucky | Sold out | -7.0k |
| B. Riley Wealth Advisors, Inc. | Reduced | -3.2k |
| Walleye Capital LLC | Reduced | -2.9k |
| OSAIC HOLDINGS, INC. | Reduced | -1.7k |
| WEDBUSH SECURITIES INC | Reduced | -1.4k |
| Altus Wealth Group LLC | 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 Q2 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 Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.77% of their portfolio | 999.6k $15.5m | Added +234.3k |
| MORGAN STANLEY 0.00% of their portfolio | 840.4k $13.0m | Added +411.7k |
| SIT INVESTMENT ASSOCIATES INC 0.32% of their portfolio | 801.3k $12.4m | Reduced -105.1k |
| Atlas Wealth LLC 1.57% of their portfolio | 534.3k $8.5m | Added +301.4k |
| UBS Group AG 0.00% of their portfolio | 524.1k $8.1m | Reduced -73.8k |
| Invesco Ltd. 0.00% of their portfolio | 347.6k $5.4m | Added +32.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 262.7k $4.1m | Reduced -18.6k |
| Karpus Management, Inc. 0.10% of their portfolio | 205.5k $3.2m | Added +45.9k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 198.2k $3.1m | Added +15.6k |
| Saba Capital Management, L.P. 0.09% of their portfolio | 183.9k $2.8m | New |
| CORRADO ADVISORS, LLC 1.51% of their portfolio | 139.1k $2.2m | Added +5.3k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 112.8k $1.7m | Added +19.7k |
| WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio | 86.1k $1.3m | Added +25.7k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 44.7k $691.4k | Reduced -366 |
| Seed Wealth Management, Inc. 0.67% of their portfolio | 40.6k $628.5k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 38.9k $604.0k | Added +6.4k |
| Matisse Capital 0.29% of their portfolio | 30.3k $469.1k | Added +17.7k |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 29.5k $457.4k | Added +19.0k |
| OPPENHEIMER & CO INC 0.01% of their portfolio | 25.1k $389.2k | Added +10.0k |
| WEDBUSH SECURITIES INC 0.02% of their portfolio | 24.7k $382.0k | Reduced -1.4k |
| Altus Wealth Group LLC 0.21% of their portfolio | 22.5k $348.4k | Reduced -1.2k |
| Walleye Capital LLC 0.01% of their portfolio | 20.8k $321.8k | Reduced -2.9k |
| JONES ROAD CAPITAL MANAGEMENT, L.P. 0.26% of their portfolio | 17.8k $275.1k | Unchanged |
| B. Riley Wealth Advisors, Inc. 0.01% of their portfolio | 15.6k $242.8k | Reduced -3.2k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 15.6k $240.9k | Reduced -253 |
| Carnegie Investment Counsel 0.01% of their portfolio | 12.0k $185.8k | Unchanged |
| WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.09% of their portfolio | 11.8k $182.2k | Unchanged |
| Claybrook Capital, LLC 0.10% of their portfolio | 11.6k $179.7k | Unchanged |
| CERTUITY, LLC 0.02% of their portfolio | 11.5k $178.6k | New |
| Mathes Company, Inc. 0.07% of their portfolio | 10.0k $155.0k | First filing |
| BDO Wealth Advisors, LLC 0.01% of their portfolio | 4.0k $62.0k | Added +166 |
| HAZLETT, BURT & WATSON, INC. 0.01% of their portfolio | 1.1k $18.0k | New |
| BESSEMER GROUP INC 0.00% of their portfolio | 784 $12.0k | Added +183 |
| Colonial Trust Co / SC 0.00% of their portfolio | 750 $11.6k | Unchanged |
| FNY Investment Advisers, LLC 0.01% of their portfolio | 700 $10.0k | Unchanged |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.00% of their portfolio | 600 $9.3k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 366 $5.7k | Reduced -1.7k |
| CWM, LLC 0.00% of their portfolio | 36 $1.0k | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 6 $93 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |