Virtus Dividend, Interest & Premium Strategy Fund
NFJ
86 hedge funds and large institutions have $278M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2017 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 31 increasing their positions, 25 reducing their positions, and 15 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 25
6% more capital invested
Capital invested by funds: $261M → $278M (+$16.6M)
0.88% more ownership
Funds ownership: 21.87% → 22.75% (+0.88%)
4% less funds holding
Funds holding: 90 → 86 (-4)
20% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$8.19M |
| 2 |
RVPG
Relative Value Partners Group
|
+$4.4M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.72M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$2.28M |
| 5 |
PCM
Pointe Capital Management
Grosse Pointe Farms,
Michigan
|
+$2.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.23M |
| 2 |
Citigroup
New York
|
-$3.39M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.28M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.95M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$1.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$1K | -63 | Closed |
|
NFJ Hedge Fund Activity: Q1 2017 in Review
86 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2017, worth a combined $278M — up 6.4% from $261M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NFJ and 12 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 31 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $8.19M. The largest seller was Saba Capital Management, cutting an estimated $4.23M.
- 86 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2017, down from 90 in Q4 2016.
- Funds reported $278M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2017, up 6.4% quarter-over-quarter.
- 12 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2017 and 15 closed out, a net change of -3 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2017 was Rivernorth Capital Management, an estimated $8.19M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2017 was Saba Capital Management, an estimated $4.23M sold.
Based on aggregated 13F filings for Q1 2017.