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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
US Bancorp
76
US Bancorp
Minnesota
$108K – – –
CIBC Private Wealth Group
77
CIBC Private Wealth Group
Georgia
$84K – – –
SWP
78
Stratos Wealth Partners
Ohio
$59K -$5.26K -400 -8%
PNC Financial Services Group
79
PNC Financial Services Group
Pennsylvania
$57K – – –
NSIM
80
North Star Investment Management
Illinois
$50K – – –
Citigroup
81
Citigroup
New York
$42K +$1.06K +81 +3%
MFW
82
Mosaic Family Wealth
Missouri
$40K – – –
IFAM
83
Institutional & Family Asset Management
Colorado
$38K +$39.4K +3,000 New
Bank of Montreal
84
Bank of Montreal
Ontario, Canada
$34K – – –
Deutsche Bank
85
Deutsche Bank
Germany
$33K – – –
SEI Investments
86
SEI Investments
Pennsylvania
$32K +$24.3K +1,846 +267%
ACS
87
Archford Capital Strategies
Illinois
$26K +$25.6K +1,945 New
APA
88
American Portfolios Advisors
New York
$24.2K – – –
AIM
89
Arcadia Investment Management
Michigan
$22K – – –
AF
90
Advisornet Financial
Minnesota
$20K -$2.76K -210 -12%
PSC
91
Prentiss Smith & Co
Vermont
$19K – – –
RFC
92
Regions Financial Corp
Alabama
$19K – – –
RCAG
93
Rehmann Capital Advisory Group
Michigan
$19K +$19.9K +1,511 New
RBC
94
Roble Belko & Company
Pennsylvania
$15K – – –
SWM
95
SeaCrest Wealth Management
New York
$15K – – –
VIA
96
Vantage Investment Advisors
Pennsylvania
$13K – – –
OIA
97
Optimum Investment Advisors
Illinois
$13K +$13.1K +1,000 New
OIA
98
OneDigital Investment Advisors
Kansas
$12K +$421 +32 +3%
SSB
99
Sandy Spring Bank
Maryland
$10K – – –
CPIG
100
Chicago Partners Investment Group
Illinois
$9K – – –
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.