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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

107 hedge funds and large institutions have $332M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2018 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 38 increasing their positions, 25 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 25

10% more capital invested

Capital invested by funds: $302M → $332M (+$29.9M)

3.1% more ownership

Funds ownership: 24.41% → 27.51% (+3.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2% less funds holding

Funds holding: 109 → 107 (-2)

13% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 15

Holders
107
Holders Change
-2
Holders Change %
-1.83%
% of All Funds
2.45%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
13
Increased
38
Reduced
25
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$16M
2
Wells Fargo
Wells Fargo
California
+$7.43M
3
RCM
Rivernorth Capital Management
Florida
+$6.08M
4
PPA
Parametric Portfolio Associates
Washington
+$5.93M
5
CA
Cornerstone Advisors
North Carolina
+$4.68M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.33M
2
SIA
Starfire Investment Advisers
Michigan
-$2.34M
3
Bank of America
Bank of America
North Carolina
-$2.17M
4
First Trust Advisors
First Trust Advisors
Illinois
-$2.02M
5
SFS
Shaker Financial Services
Virginia
-$2.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
PWPS
51
Pinnacle Wealth Planning Services
Ohio
$310K +$291K +22,132 +956%
EWA
52
EP Wealth Advisors
California
$305K – – –
MOS
53
MGO One Seven
Ohio
$295K +$15.9K +1,212 +6%
HighTower Advisors
54
HighTower Advisors
Illinois
$287K +$87.7K +6,673 +42%
Northwestern Mutual Wealth Management
55
Northwestern Mutual Wealth Management
Wisconsin
$256K +$1.34K +102 +0.5%
Walleye Trading
56
Walleye Trading
New York
$254K +$10.5K +800 +4%
SIM
57
Sonora Investment Management
Arizona
$248K -$3.94K -300 -2%
KF
58
Krilogy Financial
Missouri
$245K – – –
ASN
59
Advisory Services Network
Georgia
$245K +$2.72K +207 +1%
CRWM
60
Castle Rock Wealth Management
California
$231K – – –
MIC
61
Meridian Investment Counsel
California
$218K – – –
SPC
62
Sigma Planning Corp
Michigan
$212K – – –
OC
63
Oppenheimer & Co
New York
$206K +$1.37K +104 +0.6%
OA
64
Oxbow Advisors
Texas
$202K – – –
Citadel Advisors
65
Citadel Advisors
Florida
$199K +$206K +15,699 New
CCP
66
Corient Capital Partners
California
$191K -$49.4K -3,761 -20%
QCIG
67
Quad-Cities Investment Group
Iowa
$158K +$164K +12,485 New
Envestnet Asset Management
68
Envestnet Asset Management
Illinois
$155K +$86.8K +6,603 +116%
AG
69
Advisor Group
Arizona
$152K -$159K -12,099 -50%
BBA
70
BLB&B Advisors
Pennsylvania
$147K +$5.26K +400 +4%
CAG
71
Crestwood Advisors Group
Massachusetts
$145K – – –
IA
72
IFP Advisors
Florida
$134K – – –
TSS
73
Two Sigma Securities
New York
$134K +$139K +10,573 New
Goldman Sachs
74
Goldman Sachs
New York
$134K +$139K +10,585 New
SPIA
75
Steward Partners Investment Advisory
New York
$126K +$2.63K +200 +2%
1 2
3
4 5

NFJ Hedge Fund Activity: Q1 2018 in Review

107 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2018, worth a combined $332M — up 9.9% from $302M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of NFJ and 13 opened new positions — a net loss of 2 holders — while 25 trimmed existing stakes and 38 added.

The largest buyer was Saba Capital Management, adding an estimated $16M. The largest seller was Morgan Stanley, cutting an estimated $5.33M.

  • 107 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2018, down from 109 in Q4 2017.
  • Funds reported $332M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2018, up 9.9% quarter-over-quarter.
  • 13 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2018 and 15 closed out, a net change of -2 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2018 was Saba Capital Management, an estimated $16M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2018 was Morgan Stanley, an estimated $5.33M sold.

Based on aggregated 13F filings for Q1 2018.