The complex susceptibility was measured on CoFe2O4 nanoparticle suspensions in the frequency range between 1 kHz and 1 MHz for different values of a superimposed static magnetic field. The maximum in the imaginary part χ″ of the ac susceptibility shifts to higher frequencies with increasing static magnetic field. The shift is theoretically modeled utilizing the magnetic field dependence of the Brownian relaxation time constant and assuming a distribution of hydrodynamic particle sizes. The mean hydrodynamic size as determined from the maximum of χ″ in zero field and the mean core size as obtained from the shift of the χ″ peak with static field agree very well with the data from transmission electron microscopy and dynamic light scattering measurements, respectively. The results indicate that both core and hydrodynamic size distributions can be determined from measurements on nanoparticle suspensions proposed that magnetic dipole-dipole interactions are negligible.