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NFJ

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
93
Holders Change
-2
Holders Change %
-2.11%
% of All Funds
2.48%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
18
Increased
20
Reduced
38
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$8.87M
2
KIM
Karpus Investment Management
New York
+$7.54M
3
PPA
Parametric Portfolio Associates
Washington
+$4.01M
4
MC
Matisse Capital
Oregon
+$3.25M
5
RCM
Rivernorth Capital Management
Florida
+$2.17M

Top Sellers

Rank Fund Capital Flow
1
CRC
Curi RMB Capital
Illinois
-$4.21M
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$3.3M
3
LCM
Landscape Capital Management
New Jersey
-$3.28M
4
SFS
Shaker Financial Services
Virginia
-$2.19M
5
Bank of America
Bank of America
North Carolina
-$1.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
CK
76
Carnick & Kubik
Colorado
$27K +$25.6K +2,200 New
Envestnet Asset Management
77
Envestnet Asset Management
Illinois
$25K +$23.2K +2,000 New
PSC
78
Prentiss Smith & Co
Vermont
$18K – – –
DBT
79
Dubuque Bank & Trust
Iowa
$17K – – –
KA
80
Klingman & Associates
New York
$17K – – –
Schroder Investment Management Group
81
Schroder Investment Management Group
United Kingdom
$15K +$13.9K +1,200 New
Bank of Montreal
82
Bank of Montreal
Ontario, Canada
$12K – – –
CPIG
83
Chicago Partners Investment Group
Illinois
$12K – – –
WA
84
WFG Advisors
Texas
$12K – – –
WAS
85
WESPAC Advisors SoCal
California
$9.81K – – –
CA
86
CapWealth Advisors
Tennessee
$9K +$8.13K +700 New
SNT
87
Security National Trust
West Virginia
$7K – – –
SEI Investments
88
SEI Investments
Pennsylvania
$7K +$6.74K +580 New
IA
89
IFP Advisors
Florida
$4K -$243K -20,876 -98%
GWM
90
Geneos Wealth Management
Colorado
$2K +$2.37K +204 New
NFG
91
Next Financial Group
Texas
$1K – – –
TRCT
92
Tower Research Capital (TRC)
New York
$1K +$1.16K +100 New
Geode Capital Management
93
Geode Capital Management
Massachusetts
$470 – – –
CRC
94
Curi RMB Capital
Illinois
– -$4.21M -339,787 Closed
SFS
95
Shaker Financial Services
Virginia
– -$2.19M -176,459 Closed
WAM
96
Weiss Asset Management
Massachusetts
– -$1.25M -100,886 Closed
Squarepoint
97
Squarepoint
New York
– -$1.16M -93,800 Closed
VKH
98
Virtu KCG Holdings
New York
– -$813K -65,582 Closed
CS
99
Credit Suisse
Switzerland
– -$810K -65,357 Closed
DA
100
Doliver Advisors
Texas
– -$652K -52,606 Closed
1 2 3
4
5

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.