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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

131 hedge funds and large institutions have $623M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 41 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more capital invested

Capital invested by funds: $432M → $623M (+$191M)

11.93% more ownership

Funds ownership: 40.24% → 52.17% (+12%)

5% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 41

4% less funds holding

Funds holding: 137 → 131 (-6)

17% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 18

Holders
131
Holders Change
-6
Holders Change %
-4.38%
% of All Funds
1.91%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
15
Increased
43
Reduced
41
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$102M
2
SCM
Saba Capital Management
New York
+$13.5M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
+$3.25M
4
AA
AQR Arbitrage
Connecticut
+$2.42M
5
CA
Cornerstone Advisors
North Carolina
+$1.66M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$2.24M
2
AAM
Advisors Asset Management
Colorado
-$996K
3
LSC
Logan Stone Capital
Illinois
-$921K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$667K
5
WA
Wealth Alliance
New York
-$620K
Name Holding Trade Value Shares
Change 		Change in
Stake
SWM
76
Sugarloaf Wealth Management
Georgia
$196K +$389 +34 +0.2%
SWP
77
Stratos Wealth Partners
Ohio
$195K -$25.8K -2,253 -13%
OLVIG
78
Oliver Lagore Vanvalin Investment Group
Michigan
$193K – – –
CCM
79
Coldstream Capital Management
Washington
$190K +$698 +61 +0.4%
KACA
80
Kayne Anderson Capital Advisors
California
$189K +$172K +15,000 New
IAIM
81
International Assets Investment Management
Florida
$182K – – –
RJT
82
Raymond James Trust
Florida
$182K – – –
OAM
83
Occidental Asset Management
California
$179K +$5.53K +483 +4%
CB
84
Commerce Bank
Missouri
$177K – – –
AA
85
Argent Advisors
Louisiana
$171K – – –
Cetera Investment Advisers
86
Cetera Investment Advisers
Illinois
$170K -$15.3K -1,335 -9%
NA
87
NewEdge Advisors
Louisiana
$168K +$22.8K +1,989 +17%
IPAM
88
Investment Partners Asset Management
New Jersey
$167K +$152K +13,251 New
LFAS
89
Level Four Advisory Services
Texas
$159K +$6.26K +547 +5%
SPIA
90
Steward Partners Investment Advisory
New York
$158K +$8.02K +700 +6%
HWMC
91
Heritage Wealth Management (California)
California
$155K +$141K +12,318 New
SCA
92
Snowden Capital Advisors
New York
$152K – – –
WS
93
Wedbush Securities
California
$151K +$504 +44 +0.4%
ATPW
94
Ashton Thomas Private Wealth
Arizona
$147K – – –
VCWA
95
Vanguard Capital Wealth Advisors
Colorado
$143K -$3.58K -313 -3%
Northwestern Mutual Wealth Management
96
Northwestern Mutual Wealth Management
Wisconsin
$143K -$17.5K -1,526 -12%
CCG
97
Chatham Capital Group
Georgia
$126K – – –
CT
98
Colonial Trust
South Carolina
$112K – – –
US Bancorp
99
US Bancorp
Minnesota
$111K +$69K +6,026 +217%
WAM
100
Wolverine Asset Management
Illinois
$109K -$322K -28,154 -76%
2 3
4
5 6

NFJ Hedge Fund Activity: Q4 2023 in Review

131 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2023, worth a combined $623M — up 44% from $432M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of NFJ and 15 opened new positions — a net loss of 3 holders — while 41 trimmed existing stakes and 43 added.

The largest buyer was Morgan Stanley, adding an estimated $102M. The largest seller was Bank of America, cutting an estimated $2.24M.

  • 131 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q4 2023, down from 137 in Q3 2023.
  • Funds reported $623M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2023, up 44% quarter-over-quarter.
  • 15 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2023 and 18 closed out, a net change of -3 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q4 2023 was Morgan Stanley, an estimated $102M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q4 2023 was Bank of America, an estimated $2.24M sold.

Based on aggregated 13F filings for Q4 2023.