Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Nuveen Vriabl Rat Pfd & Inm (NPFD)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +10
Streak
3Q ▲
Buyers last Q
64%

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 — 64% buying

34 buying19 selling
Last quarter: 34 funds were net buyers (14 opened a brand new position + 20 added to an existing one). Only 19 were sellers (15 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new NPFD position: 7 → 6 → 7 → 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%
Shares
-4%
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 → 7 → 14 new funds/Q
New funds entering each quarter: 7 → 6 → 7 → 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
11 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.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — 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.

Institutional Sentiment Summary — NPFD

In 2026 Q1, 34 hedge funds were net buyers of NPFD (14 opened a new position, 20 added to an existing one), while 19 reduced or exited (15 trimmed, 4 sold completely) — a 64% buyer ratio, indicating clear institutional accumulation. This marks 3 consecutive quarters of net institutional buying — a persistent conviction signal. 78% of total institutional value in NPFD is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 56.

Hedge Fund Ownership: NPFD

How many hedge funds hold NPFD — quarterly history vs. share price
Quarterly hedge fund ownership of NPFD vs. share price

Market Analysis: NPFD

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NPFD

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Nuveen Vriabl Rat Pfd & Inm (NPFD) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NPFD has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 83d ago
NPFD
+2.2%
XLF
+8.5%

NPFD outperformed XLF by -6.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 38d ago
NPFD
-1.9%
XLF
+4.8%

Since the filing became public, NPFD outperformed XLF by -6.7% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: NPFD
55 + Investors

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

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

Statistics: NPFD

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Valuation Measures Data as of: --

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

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:
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. 1.01% 54,494 $989K
2 Concorde Asset Management, LLC 0.22% 24,400 $447K
3 Seed Wealth Management, Inc. 0.21% 17,030 $309K
4 Accredited Investor Services, LLC 0.14% 12,032 $218K
5 Catalina Capital Group, LLC 0.14% 12,572 $228K
6 Advisors Asset Management, Inc. 0.12% 387,562 $7.0M
7 Sage Capital Management, LLC 0.12% 13,500 $245K
8 Evolve Private Wealth, LLC 0.07% 68,788 $1.2M
9 Walled Lake Planning & Wealth Management, LLC 0.06% 11,767 $214K
10 Uhlmann Price Securities, LLC 0.02% 19,866 $361K
11 WPG Advisers, LLC 0.02% 1,380 $25K
12 Smith Chas P & Associates Pa Cpas 0.02% 18,000 $327K
13 Ritter Daniher Financial Advisory LLC / DE 0.01% 4,767 $87K
14 Summit Financial, LLC 0.01% 49,998 $915K
15 Pinnacle Wealth Planning Services, Inc. 0.01% 3,114 $57K
16 Osbon Capital Management LLC 0.01% 377 $7K
17 Equitable Holdings, Inc. 0.00% 41,380 $751K
18 Carnegie Investment Counsel 0.00% 12,000 $218K
19 Choreo, LLC 0.00% 13,747 $252K
20 Stifel Financial Corp 0.00% 156,222 $2.8M
21 Morgan Stanley 0.00% 1,996,439 $36.2M
22 Royal Bank of Canada 0.00% 657,842 $11.9M
23 Commonwealth Equity Services, LLC 0.00% 64,570 $1.2M
24 First Trust Advisors LP 0.00% 121,961 $2.2M
25 CoreCap Advisors, LLC 0.00% 2,539 $46K
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 — 64% buying: Last quarter: 34 funds were net buyers (14 opened a brand new position + 20 added to an existing one). Only 19 were sellers (15 trimmed + 4 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: 11 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.

Is it too late to buy Nuveen Vriabl Rat Pfd & Inm (NPFD) following the 2026 Q1 hedge fund 13F filings?

As of today, NPFD has moved -1.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of -6.7%. Since the quarter end (March 31, 2026), NPFD has gained +2.2% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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