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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

132 hedge funds and large institutions have $414M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 47 increasing their positions, 41 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 14

15% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 41

6% more funds holding

Funds holding: 125 → 132 (+7)

1.16% more ownership

Funds ownership: 36.12% → 37.28% (+1.2%)

92% less capital invested

Capital invested by funds: $5.21B → $414M (-$4.79B)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
132
Holders Change
+7
Holders Change %
+5.6%
% of All Funds
2.1%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
21
Increased
47
Reduced
41
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$9.35M
2
SCM
Saba Capital Management
New York
+$3.67M
3
UBS Group
UBS Group
Switzerland
+$3.02M
4
Bank of America
Bank of America
North Carolina
+$2.87M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$2.57M

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
-$6.33M
2
SFS
Shaker Financial Services
Virginia
-$3.31M
3
WAM
Wolverine Asset Management
Illinois
-$2.3M
4
RVPG
Relative Value Partners Group
-$1.87M
5
Invesco
Invesco
Georgia
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCFM
51
Clear Creek Financial Management
Washington
$439K -$61.4K -5,157 -12%
TCA
52
Transcend Capital Advisors
New Jersey
$433K – – –
Janney Montgomery Scott
53
Janney Montgomery Scott
Pennsylvania
$430K -$3.55K -298 -0.8%
COLIM
54
City of London Investment Management
United Kingdom
$418K – – –
LCM
55
Landscape Capital Management
New Jersey
$396K -$252K -21,149 -39%
EC
56
Elequin Capital
New York
$379K -$278K -23,331 -42%
VVP
57
Venture Visionary Partners
Ohio
$363K – – –
Jane Street
58
Jane Street
New York
$362K +$128K +10,738 +54%
NAS
59
NWF Advisory Services
California
$317K +$309K +26,000 New
Bank of Montreal
60
Bank of Montreal
Ontario, Canada
$296K +$11.3K +950 +4%
CIA
61
Capital Investment Advisors
Georgia
$293K -$19.2K -1,615 -6%
MOS
62
MGO One Seven
Ohio
$287K +$2.38K +200 +0.8%
AP
63
Americana Partners
Texas
$286K – – –
IFG
64
Independent Financial Group
California
$279K +$702 +59 +0.2%
SWM
65
Sugarloaf Wealth Management
Georgia
$268K -$406K -34,114 -60%
IAIM
66
International Assets Investment Management
Florida
$264K +$19.7K +1,654 +8%
PWPS
67
Pinnacle Wealth Planning Services
Ohio
$252K -$4.46K -375 -2%
SWP
68
Stratos Wealth Partners
Ohio
$249K +$41.7K +3,504 +20%
SIMG
69
Sonora Investment Management Group
Arizona
$245K – – –
JWM
70
Jupiter Wealth Management
Colorado
$242K – – –
SI
71
Stephens Inc
Arkansas
$216K +$17.9K +1,507 +9%
DC
72
Davenport & Co
Virginia
$209K – – –
PCA
73
Pallas Capital Advisors
Massachusetts
$205K +$206K +17,322 New
AO
74
Advisor OS
Illinois
$204K -$10.1K -846 -5%
SPIA
75
Steward Partners Investment Advisory
New York
$195K -$65K -5,463 -25%
1 2
3
4 5

NFJ Hedge Fund Activity: Q1 2023 in Review

132 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2023, worth a combined $414M — down 92% from $5.21B a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new NFJ positions and 14 closed out — a net gain of 7 holders — while 47 added to existing stakes and 41 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $9.35M. The largest seller was Cornerstone Advisors, cutting an estimated $6.33M.

  • 132 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2023, up from 125 in Q4 2022.
  • Funds reported $414M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2023, down 92% quarter-over-quarter.
  • 21 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2023 and 14 closed out, a net change of +7 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $9.35M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2023 was Cornerstone Advisors, an estimated $6.33M sold.

Based on aggregated 13F filings for Q1 2023.