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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

63 hedge funds and large institutions have $239M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 25 increasing their positions, 18 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

39% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 18

9% more funds holding

Funds holding: 58 → 63 (+5)

6% more capital invested

Capital invested by funds: $226M → $239M (+$13.3M)

0.11% more ownership

Funds ownership: 14.16% → 14.28% (+0.11%)

Holders
63
Holders Change
+5
Holders Change %
+8.62%
% of All Funds
1.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
25
Reduced
18
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$4.24M
2
SG Americas Securities
SG Americas Securities
New York
+$2.06M
3
U
UBS
Switzerland
+$1.86M
4
LPL Financial
LPL Financial
California
+$879K
5
IMS
Index Management Solutions
Pennsylvania
+$705K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.78M
2
Invesco
Invesco
Georgia
-$1.14M
3
Deutsche Bank
Deutsche Bank
Germany
-$914K
4
Cohen & Steers
Cohen & Steers
New York
-$486K
5
VKH
Virtu KCG Holdings
New York
-$473K
Name Holding Trade Value Shares
Change 		Change in
Stake
AIG
26
American International Group
New York
$423K -$5.51K -312 -1%
PWM
27
ParenteBeard Wealth Management
Pennsylvania
$422K -$4.84K -274 -1%
OC
28
Oppenheimer & Co
New York
$419K -$70.7K -4,000 -14%
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$412K +$35.5K +2,012 +9%
TRCT
30
Tower Research Capital (TRC)
New York
$411K +$303K +17,134 +281%
B
31
Baird
Wisconsin
$402K +$401K +22,720 New
HighTower Advisors
32
HighTower Advisors
Illinois
$369K +$86.9K +4,919 +31%
RVP
33
Relative Value Partners
Illinois
$360K – – –
Goldman Sachs
34
Goldman Sachs
New York
$329K -$13.4K -758 -4%
HCM
35
Hollencrest Capital Management
California
$297K +$297K +16,800 New
Deutsche Bank
36
Deutsche Bank
Germany
$288K -$914K -51,766 -76%
AWM
37
Altavista Wealth Management
North Carolina
$259K -$10.2K -580 -4%
PAG
38
Private Advisor Group
New Jersey
$235K +$235K +13,290 New
Jane Street
39
Jane Street
New York
$206K -$242K -13,686 -54%
LTFS
40
Ladenburg Thalmann Financial Services
Florida
$203K +$63.7K +3,606 +46%
VKH
41
Virtu KCG Holdings
New York
$195K -$473K -26,752 -71%
WIC
42
Woodmont Investment Counsel
Tennessee
$195K +$215K +12,172 New
DADC
43
D.A. Davidson & Co
Montana
$185K +$30.9K +1,750 +20%
US Bancorp
44
US Bancorp
Minnesota
$158K – – –
Citigroup
45
Citigroup
New York
$147K +$6.64K +376 +5%
Creative Planning
46
Creative Planning
Kansas
$135K +$33.7K +1,908 +33%
BRWA
47
B. Riley Wealth Advisors
Florida
$127K -$530 -30 -0.4%
PTCG
48
Pring Turner Capital Group
California
$81K +$81.3K +4,600 New
WA
49
WFG Advisors
Texas
$78K +$3.18K +180 +4%
NES
50
New England Securities
New York
$33K +$21.1K +1,194 +184%
1
2
3

NFJ Hedge Fund Activity: Q4 2013 in Review

63 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2013, worth a combined $239M — up 5.9% from $226M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NFJ positions and 6 closed out — a net gain of 6 holders — while 25 added to existing stakes and 18 trimmed.

The largest buyer was Bank of America, adding an estimated $4.24M. The largest seller was Advisors Asset Management, cutting an estimated $1.78M.

  • 63 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q4 2013, up from 58 in Q3 2013.
  • Funds reported $239M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2013, up 5.9% quarter-over-quarter.
  • 12 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2013 and 6 closed out, a net change of +6 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q4 2013 was Bank of America, an estimated $4.24M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q4 2013 was Advisors Asset Management, an estimated $1.78M sold.

Based on aggregated 13F filings for Q4 2013.