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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

82 hedge funds and large institutions have $251M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2014 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

480% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 5

37% more funds holding

Funds holding: 60 → 82 (+22)

16% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 19

0.5% less ownership

Funds ownership: 17.07% → 16.57% (-0.5%)

15% less capital invested

Capital invested by funds: $295M → $251M (-$44.2M)

Holders
82
Holders Change
+22
Holders Change %
+36.67%
% of All Funds
2.19%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
29
Increased
22
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MIG
Mariner Investment Group
New York
+$3.27M
2
SFS
Shaker Financial Services
Virginia
+$2.51M
3
WAM
Wolverine Asset Management
Illinois
+$2.14M
4
DA
Doliver Advisors
Texas
+$1.98M
5
TC
TFS Capital
Pennsylvania
+$1.78M

Top Sellers

1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$10.8M
2
Bank of America
Bank of America
North Carolina
-$2.67M
3
Stifel Financial
Stifel Financial
Missouri
-$1.04M
4
Morgan Stanley
Morgan Stanley
New York
-$904K
5
VCAM
Valentine Capital Asset Management
California
-$529K
Name Holding Trade Value Shares
Change 		Change in
Stake
FAAS
51
First Allied Advisory Services
California
$227K +$52.2K +3,040 +27%
SWP
52
Stratos Wealth Partners
Ohio
$215K +$231K +13,467 New
WS
53
Wedbush Securities
California
$213K +$228K +13,300 New
US Bancorp
54
US Bancorp
Minnesota
$195K -$12K -701 -5%
TWA
55
TCI Wealth Advisors
Arizona
$192K – – –
Creative Planning
56
Creative Planning
Kansas
$117K +$34.8K +2,029 +39%
LTFS
57
Ladenburg Thalmann Financial Services
Florida
$105K -$48.6K -2,831 -30%
CCMW
58
Cypress Capital Management (Wyoming)
Wyoming
$84.8K +$90.9K +5,300 New
NPC
59
National Planning Corporation
California
$79.2K +$83.8K +4,882 New
Citigroup
60
Citigroup
New York
$75K -$19.5K -1,135 -19%
GT
61
Glenmede Trust
Pennsylvania
$50K +$53.8K +3,135 New
WA
62
WFG Advisors
Texas
$48K -$8.08K -471 -13%
Bank of Montreal
63
Bank of Montreal
Ontario, Canada
$27K +$12K +700 +70%
KA
64
Klingman & Associates
New York
$22K +$24K +1,400 New
NES
65
New England Securities
New York
$21K -$2.75K -160 -11%
PWM
66
ParenteBeard Wealth Management
Pennsylvania
$19.7K -$360K -20,969 -99%
SGC
67
South Georgia Capital
Illinois
$18K – – –
AA
68
Apriem Advisors
California
$18K +$19K +1,108 New
WF
69
WealthTrust Fairport
Ohio
$17K +$17 +1 +0.1%
OIA
70
Optimum Investment Advisors
Illinois
$16K – – –
RFA
71
Reilly Financial Advisors
California
$16K – – –
WRM
72
Westport Resources Management
Connecticut
$16K – – –
HI
73
Hudock Inc
Pennsylvania
$14K – – –
ACS
74
Archford Capital Strategies
Illinois
$10K -$17.2K -1,000 -63%
SNT
75
Security National Trust
West Virginia
$10K – – –
1 2
3
4

NFJ Hedge Fund Activity: Q4 2014 in Review

82 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2014, worth a combined $251M — down 15% from $295M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new NFJ positions and 5 closed out — a net gain of 24 holders — while 22 added to existing stakes and 19 trimmed.

The largest buyer was Mariner Investment Group, opening a new position worth an estimated $3.27M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $10.8M.

  • 82 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q4 2014, up from 60 in Q3 2014.
  • Funds reported $251M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2014, down 15% quarter-over-quarter.
  • 29 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2014 and 5 closed out, a net change of +24 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q4 2014 was Mariner Investment Group, an estimated $3.27M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q4 2014 was Cambridge Investment Research Advisors, an estimated $10.8M sold.

Based on aggregated 13F filings for Q4 2014.