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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

114 hedge funds and large institutions have $478M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2021 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 33 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

17% more capital invested

Capital invested by funds: $407M → $478M (+$70.4M)

4.77% more ownership

Funds ownership: 31.93% → 36.7% (+4.8%)

9% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 33

3% less funds holding

Funds holding: 118 → 114 (-4)

16% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 19

Holders
114
Holders Change
-4
Holders Change %
-3.39%
% of All Funds
2%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
16
Increased
36
Reduced
33
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$59.1M
2
PCM
Penserra Capital Management
California
+$13.7M
3
CA
Cornerstone Advisors
North Carolina
+$3.06M
4
Wells Fargo
Wells Fargo
California
+$2.93M
5
AWA
Arete Wealth Advisors
Illinois
+$2.4M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$10.4M
2
Millennium Management
Millennium Management
New York
-$4.42M
3
Morgan Stanley
Morgan Stanley
New York
-$3.79M
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.19M
5
Citigroup
Citigroup
New York
-$2.01M
Name Holding Trade Value Shares
Change 		Change in
Stake
1832 Asset Management
26
1832 Asset Management
Ontario, Canada
$2.01M – – –
LPL Financial
27
LPL Financial
California
$1.8M -$41.3K -3,032 -2%
PCM
28
Pointe Capital Management
Michigan
$1.78M -$268K -19,661 -13%
BBPWM
29
Blue Bell Private Wealth Management
Pennsylvania
$1.78M +$171K +12,572 +11%
Commonwealth Equity Services
30
Commonwealth Equity Services
Massachusetts
$1.58M -$32.1K -2,355 -2%
OWA
31
Opal Wealth Advisors
New York
$1.57M -$99.7K -7,327 -6%
BWA
32
BDO Wealth Advisors
Florida
$1.46M +$1.44M +105,862 New
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$1.37M -$62.6K -4,599 -5%
Osaic Holdings
34
Osaic Holdings
Arizona
$1.12M +$205K +15,097 +23%
CAN
35
Cetera Advisor Networks
California
$1.09M +$1.62K +119 +0.2%
Rockefeller Capital Management
36
Rockefeller Capital Management
New York
$1.04M +$75.4K +5,541 +8%
BFEC
37
Benjamin F. Edwards & Company
Missouri
$1.02M +$14.3K +1,053 +1%
COLIM
38
City of London Investment Management
United Kingdom
$1.02M – – –
AI
39
Atria Investments
North Carolina
$1.02M -$36.5K -2,682 -4%
WA
40
Wealth Alliance
New York
$897K -$13.2K -970 -1%
Citigroup
41
Citigroup
New York
$836K -$2.01M -147,581 -71%
DADC
42
D.A. Davidson & Co
Montana
$788K +$31.3K +2,297 +4%
Janney Montgomery Scott
43
Janney Montgomery Scott
Pennsylvania
$640K – – –
PAS
44
Park Avenue Securities
New York
$625K -$6.02K -442 -1%
Cambridge Investment Research Advisors
45
Cambridge Investment Research Advisors
Iowa
$570K +$25.4K +1,864 +5%
Deutsche Bank
46
Deutsche Bank
Germany
$560K – – –
TCA
47
Transcend Capital Advisors
New Jersey
$549K – – –
HA
48
Harborview Advisors
Maine
$532K +$525K +38,583 New
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
$500K +$23.1K +1,695 +5%
HB
50
Homrich & Berg
Georgia
$498K +$492K +36,143 New
1
2
3 4 5

NFJ Hedge Fund Activity: Q1 2021 in Review

114 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2021, worth a combined $478M — up 17% from $407M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of NFJ and 16 opened new positions — a net loss of 3 holders — while 33 trimmed existing stakes and 36 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $59.1M. The largest seller was Saba Capital Management, cutting an estimated $10.4M.

  • 114 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2021, down from 118 in Q4 2020.
  • Funds reported $478M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2021, up 17% quarter-over-quarter.
  • 16 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2021 and 19 closed out, a net change of -3 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $59.1M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2021 was Saba Capital Management, an estimated $10.4M sold.

Based on aggregated 13F filings for Q1 2021.