Virtus Dividend, Interest & Premium Strategy Fund
NFJ
93 hedge funds and large institutions have $232M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 20 increasing their positions, 38 reducing their positions, and 19 closing their positions.
0.57% more ownership
Funds ownership: 19.42% → 19.98% (+0.57%)
0% more capital invested
Capital invested by funds: $232M → $232M (+$399K)
5% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 19
2% less funds holding
Funds holding: 95 → 93 (-2)
47% less repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 38
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$8.87M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$7.54M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$4.01M |
| 4 |
MC
Matisse Capital
Portland,
Oregon
|
+$3.25M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$4.21M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$3.3M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$3.28M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.19M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.92M |
NFJ Hedge Fund Activity: Q1 2016 in Review
93 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2016, worth a combined $232M — up 0.17% from $232M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of NFJ and 18 opened new positions — a net loss of 1 holder — while 38 trimmed existing stakes and 20 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $8.87M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $4.21M sold.
- 93 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2016, down from 95 in Q4 2015.
- Funds reported $232M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2016, up 0.17% quarter-over-quarter.
- 18 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2016 and 19 closed out, a net change of -1 holder.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2016 was Saba Capital Management, an estimated $8.87M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2016 was Curi RMB Capital, an estimated $4.21M sold.
Based on aggregated 13F filings for Q1 2016.