Virtus Dividend, Interest & Premium Strategy Fund
NFJ
130 hedge funds and large institutions have $524M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2024 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 39 increasing their positions, 41 reducing their positions, and 17 closing their positions.
12% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 17
1% less funds holding
Funds holding: 131 → 130 (-1)
5% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 41
8.85% less ownership
Funds ownership: 52.17% → 43.32% (-8.8%)
16% less capital invested
Capital invested by funds: $623M → $524M (-$99.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$12.2M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.62M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$2.54M |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
+$1.74M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$113M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$2.67M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.18M |
| 4 |
SCM
Saba Capital Management
New York
|
-$2.04M |
| 5 |
AC
Almitas Capital
Santa Monica,
California
|
-$1.19M |
NFJ Hedge Fund Activity: Q1 2024 in Review
130 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2024, worth a combined $524M — down 16% from $623M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new NFJ positions and 17 closed out — a net gain of 2 holders — while 39 added to existing stakes and 41 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $12.2M. The largest seller was Morgan Stanley, cutting an estimated $113M.
- 130 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2024, down from 131 in Q4 2023.
- Funds reported $524M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2024, down 16% quarter-over-quarter.
- 19 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2024 and 17 closed out, a net change of +2 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2024 was Penserra Capital Management, an estimated $12.2M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2024 was Morgan Stanley, an estimated $113M sold.
Based on aggregated 13F filings for Q1 2024.