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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

69 hedge funds and large institutions have $252M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 27 increasing their positions, 18 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 18

1% more capital invested

Capital invested by funds: $251M → $252M (+$1.62M)

0.22% less ownership

Funds ownership: 16.57% → 16.35% (-0.22%)

16% less funds holding

Funds holding: 82 → 69 (-13)

50% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 22

Holders
69
Holders Change
-13
Holders Change %
-15.85%
% of All Funds
1.84%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
11
Increased
27
Reduced
18
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
+$9.52M
2
Bank of America
Bank of America
North Carolina
+$3.9M
3
First Trust Advisors
First Trust Advisors
Illinois
+$1.44M
4
CCP
Clough Capital Partners
Massachusetts
+$1.28M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$1.16M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.89M
2
IMS
Index Management Solutions
Pennsylvania
-$3.28M
3
MIG
Mariner Investment Group
New York
-$3.05M
4
DA
Doliver Advisors
Texas
-$1.84M
5
SFS
Shaker Financial Services
Virginia
-$1.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
26
Raymond James Financial Services Advisors
Florida
$595K +$70.8K +4,362 +14%
Ameriprise
27
Ameriprise
Minnesota
$584K -$175K -10,798 -23%
CP
28
Camelot Portfolios
Ohio
$564K -$115K -7,104 -17%
SFS
29
Shaker Financial Services
Virginia
$559K -$1.82M -112,086 -77%
OC
30
Oppenheimer & Co
New York
$539K +$52.8K +3,254 +11%
RJA
31
Raymond James & Associates
Florida
$500K +$8.12K +500 +2%
HighTower Advisors
32
HighTower Advisors
Illinois
$476K +$27.6K +1,701 +6%
AIG
33
American International Group
New York
$466K +$16.1K +994 +4%
SPC
34
Sigma Planning Corp
Michigan
$386K +$5.03K +310 +1%
ACM
35
Alethea Capital Management
Washington
$357K – – –
RVP
36
Relative Value Partners
Illinois
$319K – – –
Deutsche Bank
37
Deutsche Bank
Germany
$308K +$39.3K +2,417 +15%
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$300K +$192K +11,838 +180%
BFEC
39
Benjamin F. Edwards & Company
Missouri
$296K +$50.5K +3,107 +21%
DIA
40
Dana Investment Advisors
Wisconsin
$280K – – –
HCM
41
Hollencrest Capital Management
California
$275K – – –
FAAS
42
First Allied Advisory Services
California
$266K +$36.5K +2,250 +16%
WS
43
Wedbush Securities
California
$250K +$32.5K +2,000 +15%
SWP
44
Stratos Wealth Partners
Ohio
$223K +$3.6K +222 +2%
PAG
45
Private Advisor Group
New Jersey
$201K +$200K +12,325 New
TWA
46
TCI Wealth Advisors
Arizona
$198K +$2.53K +156 +1%
CCMW
47
Cypress Capital Management (Wyoming)
Wyoming
$196K +$109K +6,700 +126%
MCM
48
Maple Capital Management
Vermont
$190K +$189K +11,613 New
US Bancorp
49
US Bancorp
Minnesota
$186K -$12.9K -797 -7%
Creative Planning
50
Creative Planning
Kansas
$137K +$18.2K +1,119 +15%
1
2
3 4

NFJ Hedge Fund Activity: Q1 2015 in Review

69 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2015, worth a combined $252M — up 0.65% from $251M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of NFJ and 11 opened new positions — a net loss of 11 holders — while 18 trimmed existing stakes and 27 added.

The largest buyer was Cornerstone Advisors, adding an estimated $9.52M. The largest seller was Morgan Stanley, cutting an estimated $5.89M.

  • 69 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2015, down from 82 in Q4 2014.
  • Funds reported $252M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2015, up 0.65% quarter-over-quarter.
  • 11 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2015 and 22 closed out, a net change of -11 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2015 was Cornerstone Advisors, an estimated $9.52M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2015 was Morgan Stanley, an estimated $5.89M sold.

Based on aggregated 13F filings for Q1 2015.