Vault-13

NUVEEN VRIABL RAT PFD & INM NPFD

COM · Closed-End Fund · CUSIP 67080R102

44 institutional holders +1 vs Q1 2024
9,394,4029.4m shares reported held*
$172.6mreported value*
5 new 20 added 9 reduced 5 sold out net sold ≈ $79.8m (-4.3m 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 ≈ $18.37.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 27Q4 22: 36Q1 23: 37Q2 23: 40Q3 23: 34Q4 23: 43Q1 24: 43Q2 24: 4444Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202227
Q4 202236
Q1 202337
Q2 202340
Q3 202334
Q4 202343
Q1 202443
Q2 202444

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 27 bought or addedQ4 22: 6 cut or sold outQ4 22Q1 23: 23 bought or addedQ1 23: 14 cut or sold outQ2 23: 20 bought or addedQ2 23: 13 cut or sold outQ2 23Q3 23: 13 bought or addedQ3 23: 20 cut or sold outQ4 23: 28 bought or addedQ4 23: 12 cut or sold outQ4 23Q1 24: 25 bought or addedQ1 24: 17 cut or sold outQ2 24: 25 bought or addedQ2 24: 14 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 2022276
Q1 20232314
Q2 20232013
Q3 20231320
Q4 20232812
Q1 20242517
Q2 20242514

Biggest buyers

Atlas Wealth LLC New +509,032+509.0k
Thomas J. Herzfeld Advisors, Inc. Added +428,277+428.3k
Saba Capital Management, L.P. Added +164,527+164.5k
Pathstone Holdings, LLC Added +116,121+116.1k
ROYAL BANK OF CANADA Added +105,174+105.2k
SIT INVESTMENT ASSOCIATES INC Added +103,527+103.5k
ENVESTNET ASSET MANAGEMENT INC Added +81,183+81.2k
UBS Group AG Added +47,243+47.2k
COMMONWEALTH EQUITY SERVICES, LLC New +33,104+33.1k
CHOREO, LLC Added +16,097+16.1k

Biggest sellers

MORGAN STANLEY Reduced -5,556,088-5.6m
RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -319,282-319.3k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Sold out -56,792-56.8k
Invesco Ltd. Reduced -33,832-33.8k
Marathon Trading Investment Management LLC Sold out -24,000-24.0k
BANK OF AMERICA CORP /DE/ Sold out -16,104-16.1k
Karpus Management, Inc. Reduced -14,763-14.8k
WELLS FARGO & COMPANY/MN Reduced -13,024-13.0k
Steward Partners Investment Advisory, LLC Reduced -4,000-4.0k
CORRADO ADVISORS, LLC Reduced -1,025-1.0k

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.

HolderStakeChangeShares Last filed
SIT INVESTMENT ASSOCIATES INC 13G · institution filed 2025-03-04 10.5% 2.5m≈ $47.9m 2025-03-04
FIRST TRUST PORTFOLIOS LP 13G · institution new · filed 2026-04-30 7.8% new 1.9m≈ $35.5m 2026-04-30
MORGAN STANLEY 13G · institution +4.0 pts · filed 2025-08-05 6.5% +4.0 pts 1.6m≈ $29.5m 2025-08-05

Insider purchases and sales in Q2 2024

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 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2,460,4522.5m $45.2m $45.2m 0.00% Reduced -5.6m -5,556,088
2 Saba Capital Management, L.P. 0.63% of their portfolio NEW YORK, NY 1,564,0641.6m $28.7m $28.7m 0.63% Added +164.5k +164,527
3 SIT INVESTMENT ASSOCIATES INC 0.55% of their portfolio Minneapolis, MN 1,310,0111.3m $24.1m $24.1m 0.55% Added +103.5k +103,527
4 Thomas J. Herzfeld Advisors, Inc. 3.81% of their portfolio MIAMI BEACH, FL 590,664590.7k $10.9m $10.9m 3.81% Added +428.3k +428,277
5 Atlas Wealth LLC 1.10% of their portfolio CINCINNATI, OH 509,032509.0k $9.4m $9.4m 1.10% New
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 420,702420.7k $7.7m $7.7m 0.00% Added +47.2k +47,243
7 Pathstone Holdings, LLC 0.03% of their portfolio ENGLEWOOD, NJ 412,465412.5k $7.6m $7.6m 0.03% Added +116.1k +116,121
8 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 304,747304.7k $5.6m $5.6m 0.00% Reduced -33.8k -33,832
9 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 289,694289.7k $5.3m $5.3m 0.00% Added +105.2k +105,174
10 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 286,219286.2k $5.3m $5.3m 0.00% Added +81.2k +81,183
11 Karpus Management, Inc. 0.09% of their portfolio Pittsford, NY 183,433183.4k $3.4m $3.4m 0.09% Reduced -14.8k -14,763
12 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 159,880159.9k $2.9m $2.9m 0.00% Added +14.0k +13,983
13 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 147,469147.5k $2.7m $2.7m 0.00% Reduced -13.0k -13,024
14 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 77,22377.2k $1.4m $1.4m 0.00% Added +15.3k +15,266
15 Matisse Capital 0.66% of their portfolio PORTLAND, OR 72,39572.4k $1.3m $1.3m 0.66% Unchanged
16 Sanctuary Advisors, LLC 0.01% of their portfolio INDIANAPOLIS, IN 68,13168.1k $1.2m $1.2m 0.01% First filing
17 CHOREO, LLC 0.02% of their portfolio ROCKFORD, IL 64,84564.8k $1.2m $1.2m 0.02% Added +16.1k +16,097
18 CORRADO ADVISORS, LLC 0.74% of their portfolio RAMSEY, NJ 62,29362.3k $1.1m $1.1m 0.74% Reduced -1.0k -1,025
19 Seed Wealth Management, Inc. 0.99% of their portfolio EVANSTON, IL 62,10062.1k $1.1m $1.1m 0.99% Added +2.5k +2,500
20 Rareview Capital LLC 0.73% of their portfolio LAS VEGAS, NV 41,51941.5k $763.1k $763.1k 0.73% Added +1.1k +1,055
21 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 33,10433.1k $608.0k $608.0k 0.00% New
22 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.03% of their portfolio WEST PALM BEACH, FL 31,92031.9k $586.7k $586.7k 0.03% Reduced -319.3k -319,282
23 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.12% of their portfolio BLUE BELL, PA 31,67031.7k $582.1k $582.1k 0.12% Added +11.8k +11,841
24 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 27,36027.4k $501.0k $501.0k 0.00% Reduced -991 -991
25 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 20,41220.4k $375.0k $375.0k 0.01% Added +2.6k +2,639
26 JONES ROAD CAPITAL MANAGEMENT, L.P. 0.25% of their portfolio NEW YORK, NY 19,22319.2k $353.3k $353.3k 0.25% Unchanged
27 &PARTNERS 0.01% of their portfolio NASHVILLE, TN 18,01818.0k $331.2k $331.2k 0.01% Added +6.9k +6,900
28 Catalina Capital Group, LLC 0.12% of their portfolio Torrance, CA 17,17117.2k $315.6k $315.6k 0.12% Added +2.6k +2,573
29 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 13,85913.9k $254.7k $254.7k 0.00% Added +414 +414
30 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 13,62513.6k $252.7k $252.7k 0.01% New
31 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 13,35013.3k $245.4k $245.4k 0.00% Unchanged
32 Carnegie Investment Counsel 0.01% of their portfolio PEPPER PIKE, OH 12,00012.0k $220.6k $220.6k 0.01% Unchanged
33 WALLED LAKE PLANNING & WEALTH MANAGEMENT, LLC 0.09% of their portfolio HIGHLAND PARK, IL 11,76711.8k $216.3k $216.3k 0.09% Unchanged
34 Lido Advisors, LLC 0.00% of their portfolio Los Angeles, CA 11,60811.6k $215.3k $215.3k 0.00% Unchanged
35 Concorde Asset Management, LLC 0.13% of their portfolio ANN ARBOR, MI 11,60011.6k $213.2k $213.2k 0.13% New
36 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 10,85210.9k $199.5k $199.5k 0.00% New
37 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,9853.0k $54.9k $54.9k 0.00% Reduced -199 -199
38 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 2,4642.5k $45.3k $45.3k 0.00% Added +1.8k +1,800
39 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 1,3081.3k $24.0k $24.0k 0.00% Reduced -4.0k -4,000
40 HAZLETT, BURT & WATSON, INC. 0.01% of their portfolio WHEELING, WV 1,2331.2k $23.0k $23.0k 0.01% Added +25 +25
41 Colonial Trust Co / SC 0.00% of their portfolio SPARTANBURG, SC 750750 $13.8k $13.8k 0.00% Unchanged
42 BESSEMER GROUP INC 0.00% of their portfolio WOODBRIDGE, NJ 741741 $14.0k $14.0k 0.00% Added +24 +24
43 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 4444 $809 $809 0.00% Unchanged
44 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged