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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$16M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$7.43M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.08M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$5.93M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$4.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.33M |
| 2 |
SIA
Starfire Investment Advisers
Southfield,
Michigan
|
-$2.34M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.17M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$2.02M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.02M |
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.