NPFD Hedge Fund Ownership (Q1 2026)

Nuveen Vriabl Rat Pfd & Inm (NPFD)

55 + Investors. Track Smart Money conviction in NPFD. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — NPFD

Based on 56 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds added NPFD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

56 hedge funds hold NPFD right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +27% more funds vs a year ago

fund count last 6Q

+12 new funds entered over the past year (+27% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 63% buying

34 buying20 selling

Last quarter: 34 funds were net buyers (14 opened a brand new position + 20 added to an existing one). Only 20 were sellers (15 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter

Funds opening a new NPFD position: 7 → 6 → 8 → 14. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

📌

Mixed — 39% long-term, 36% new

■ 39% conviction (2yr+) ■ 25% medium ■ 36% new

Of the 56 current holders: 22 (39%) held >2 years, 14 held 1–2 years, and 20 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

💎

Buying through price weakness — shares -5%, value -41%

Value

-40%

-5%

Last quarter: funds added -5% more shares while total portfolio value only changed -41%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📈

Growing discovery — still being found

10 → 7 → 6 → 8 → 14 new funds/Q

New funds entering each quarter: 7 → 6 → 8 → 14. A growing number of institutions are discovering NPFD each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

📊

Mixed cohorts — 38% veterans, 50% new entrants

■ 38% veterans ■ 12% 1-2yr ■ 50% new

Of 56 current holders: 21 (38%) held 2+ years, 7 held 1–2 years, 28 (50%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

🏆

Elite ownership — 78% AUM from top-100 funds

78% from top-100 AUM funds

12 of 56 holders are among the 100 largest funds by AUM, controlling 78% of total institutional value in NPFD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.3

out of 10

Moderate Exit Risk

Exit risk score 4.3/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	55	46	19.57%
13F Shares	8M	8M	-5.12%
Total Value	$92M	$156M	-41.1%
New Positions	14	7	+7
Increased Positions	20	11	+9
Closed Positions	5	5	-
Reduced Positions	14	18	-4
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

19.57%

13F Shares

-5.12%

Total Value

$92M

$156M

-41.1%

New Positions

Increased Positions

Closed Positions

Reduced Positions

-4

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q2)

55 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NPFD. Verified SEC 13F-HR filings.

QUARTER:

2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 NPFD holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Closed-End Fund Advisors, Inc.	0.95%	51,519	$970K
2	Atlas Wealth LLC	0.71%	263,387	$5.0M
3	Seed Wealth Management, Inc.	0.20%	17,030	$321K
4	Advisors Asset Management, Inc.	0.13%	444,389	$8.4M
5	Accredited Investor Services, LLC	0.12%	11,658	$219K
6	Sage Capital Management, LLC	0.10%	13,500	$254K
7	Evolve Private Wealth, LLC	0.07%	64,082	$1.2M
8	Walled Lake Planning & Wealth Management, LLC	0.06%	11,767	$221K
9	WPG Advisers, LLC	0.02%	1,375	$26K
10	Uhlmann Price Securities, LLC	0.01%	20,294	$382K
11	Summit Financial, LLC	0.01%	50,421	$957K
12	Ritter Daniher Financial Advisory LLC / DE	0.01%	3,269	$62K
13	Global Retirement Partners, LLC	0.01%	19,744	$372K
14	Pinnacle Wealth Planning Services, Inc.	0.01%	3,112	$59K
15	Choreo, LLC	0.00%	12,756	$242K
16	Stifel Financial Corp	0.00%	154,395	$2.9M
17	Morgan Stanley	0.00%	1,968,184	$37.0M
18	Royal Bank of Canada	0.00%	587,471	$11.1M
19	Commonwealth Equity Services, LLC	0.00%	67,225	$1.3M
20	CoreCap Advisors, LLC	0.00%	2,539	$48K
21	First Trust Advisors LP	0.00%	127,209	$2.4M
22	Merit Financial Group, LLC	0.00%	10,791	$203K
23	&Partners	0.00%	15,083	$284K
24	UBS Group AG	0.00%	416,649	$7.8M
25	Wells Fargo & Company/Mn	0.00%	270,297	$5.1M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Nuveen Vriabl Rat Pfd & Inm (NPFD)

What does the Smart Money Trend signal show for NPFD?

Buying streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds added NPFD than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NPFD?

More buyers than sellers — 63% buying: Last quarter: 34 funds were net buyers (14 opened a brand new position + 20 added to an existing one). Only 20 were sellers (15 trimmed + 5 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for NPFD holders?

Elite ownership — 78% AUM from top-100 funds: 12 of 56 holders are among the 100 largest funds by AUM, controlling 78% of total institutional value in NPFD. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NPFD?

Mixed — 39% long-term, 36% new: Of the 56 current holders: 22 (39%) held >2 years, 14 held 1–2 years, and 20 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Nuveen Vriabl Rat Pfd & Inm (NPFD)

Smart Money Signals — NPFD

Buying streak — 3 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +27% more funds vs a year ago

More buyers than sellers — 63% buying

More new buyers each quarter (+6 vs last Q)

Mixed — 39% long-term, 36% new

Buying through price weakness — shares -5%, value -41%

Growing discovery — still being found

Mixed cohorts — 38% veterans, 50% new entrants

Elite ownership — 78% AUM from top-100 funds

Institutional Sentiment Summary — NPFD

Hedge Fund Ownership: NPFD

Market Analysis: NPFD

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: NPFD

Hedge Fund Positioning: NPFD

Statistics: NPFD

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Nuveen Vriabl Rat Pfd & Inm (NPFD)

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