누빈 변동금리 우선 및 소득 펀드
US ˙ NYSE ˙ US67080R1023

SecurityNPFD / Nuveen Variable Rate Preferred & Income Fund
InstitutionMorgan Stanley
Latest Disclosed Ownership1,567,793 shares
Ownership 6.50%
Morgan Stanley ownership in NPFD / Nuveen Variable Rate Preferred & Income Fund

2025-08-05 - Morgan Stanley has filed an SCHEDULE 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,567,793 shares of Nuveen Variable Rate Preferred & Income Fund (US:NPFD). This represents 6.5 percent ownership of the company. In their previous filing dated 2025-02-04 , Morgan Stanley had reported owning 594,330 shares, indicating an increase of 163.79 percent.

Institutional Ownership: 13D/G Filings

This table shows a history of the 13D/G filings made by the investor and/or investor group. Note that the share values in this table are not directly comparable to any numbers shown in the 13F table (if any).

File
Date		Effective
Date		Form Prev
Shares		 Latest
Shares		 ΔShares
(Percent)		 Ownership
(Percent)		 ΔOwnership
(Percent)
2025-08-05 2025-08-05 13G/A 594,330 1,567,793 163.79 6.50 160.00
2025-02-04 2025-02-04 13G/A 1,393,056 594,330 -57.34 2.50 -56.90
2025-02-04 2025-02-04 13G 1,393,056 1,210,213 -13.13 5.00 -13.79
2024-11-08 2024-11-08 13G/A 2,108,640 1,393,056 -33.94 5.80 -33.33
2024-02-09 2024-02-09 13G 2,108,640 8.70

Important Note: One of the primary uses of the 13D/G filings is to evaluate the ability of a firm to control a company (ie, the "beneficial ownership"). To that end, firms are required to report not just direct holdings in companies, but indirect holdings that they control. For investment firms, these indirect holdings can include shares in funds they manage, advisory accounts, and in the case of activist campaigns, pledged votes. Therefore, share counts listed in 13D/G filings can differ significantly than share counts listed in 13F filings.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 1,996,439 17,525 0.89 36,235 -3.78 0.0022
2026-05-27 2025-12-31 13F/A-1 NUVEEN VRIABL RAT PFD & INM COM 67080R102 1,978,914 -14,077 -0.71 37,659 -5.33 0.0022
2026-02-13 2025-12-31 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 1,978,914 -14,077 37,659 0.0022
2026-05-27 2025-09-30 13F/A-1 NUVEEN VRIABL RAT PFD & INM COM 67080R102 1,992,991 89,390 4.70 39,780 8.39 0.0024
2025-11-14 2025-09-30 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 1,992,991 89,390 39,780 0.0024
2025-08-15 2025-06-30 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 1,903,601 132,388 7.47 36,701 10.40 0.0024
2025-05-15 2025-03-31 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 1,771,213 -33,329 -1.85 33,246 1.06 0.0024
2025-05-15 2024-12-31 13F/A-1 NUVEEN VRIABL RAT PFD & INM COM 67080R102 1,804,542 -506,562 -21.92 32,897 -24.85 0.0023
2025-02-14 2024-12-31 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 1,804,542 -506,562 32,897 0.0023
2025-05-14 2024-09-30 13F/A-2 NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,311,104 -149,348 -6.07 43,772 -3.21 0.0032
2025-02-14 2024-09-30 13F/A-1 NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,311,104 -149,348 43,772 0.0032
2024-11-14 2024-09-30 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,311,104 -149,348 43,772 0.0004
2025-05-14 2024-06-30 13F/A-2 NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,460,452 -211,728 -7.92 45,223 -5.51 0.0035
2024-10-17 2024-06-30 13F/A-1 NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,460,452 -211,728 45,223 0.0035
2024-08-14 2024-06-30 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,460,452 -211,728 45,223 0.0035
2024-10-17 2024-03-31 13F/A-2 NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,672,180 38,045 1.44 47,859 11.81 0.0038
2024-08-16 2024-03-31 13F/A-1 NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,672,180 38,045 47,859 0.0004
2024-05-15 2024-03-31 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,672,180 38,045 47,859 0.0038
2024-08-16 2023-12-31 13F/A-1 NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,634,135 204,804 8.43 42,805 12.44 0.0038
2024-02-13 2023-12-31 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,634,135 204,804 42,805 0.0038
2023-11-15 2023-09-30 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 2,429,331 1,588,980 189.09 38,068 192.64 0.0039
2023-08-14 2023-06-30 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 840,351 411,653 96.02 13,009 91.58 0.0013
2023-05-15 2023-03-31 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 428,698 143,564 50.35 6,791 35.64 0.0007
2023-02-14 2022-12-31 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 285,134 208,303 271.12 5,007 273.03 0.0006
2022-11-14 2022-09-30 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 76,831 885 1.17 1,342 -4.01 0.0002
2022-10-27 2022-06-30 13F/A-1 NUVEEN VRIABL RAT PFD & INM COM 67080R102 75,946 75,446 15,089.20 1,398 12,609.09 0.0002
2022-08-15 2022-06-30 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 75,946 75,446 1,398 0.0000
2022-10-27 2022-03-31 13F/A-1 NUVEEN VRIABL RAT PFD & INM COM 67080R102 500 -6,757 -93.11 11 -94.02 0.0000
2022-05-13 2022-03-31 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 500 -6,757 11 0.0000
2022-02-14 2021-12-31 13F NUVEEN VRIABL RAT PFD & INM COM 67080R102 7,257 7,257 184 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.