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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

112 hedge funds and large institutions have $271M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 39 increasing their positions, 28 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 28

31% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 16

2% more funds holding

Funds holding: 110 → 112 (+2)

0.01% less ownership

Funds ownership: 29.74% → 29.72% (-0.01%)

26% less capital invested

Capital invested by funds: $368M → $271M (-$96.6M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
112
Holders Change
+2
Holders Change %
+1.82%
% of All Funds
2.47%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
21
Increased
39
Reduced
28
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$2.3M
2
KIM
Karpus Investment Management
New York
+$2.26M
3
SIA
Sit Investment Associates
Minnesota
+$2.21M
4
Morgan Stanley
Morgan Stanley
New York
+$1.74M
5
Wells Fargo
Wells Fargo
California
+$1.56M

Top Sellers

Rank Fund Capital Flow
1
CA
Cornerstone Advisors
North Carolina
-$6.69M
2
AWA
Arete Wealth Advisors
Illinois
-$3.58M
3
Bank of America
Bank of America
North Carolina
-$2.82M
4
Baird Financial Group
Baird Financial Group
Wisconsin
-$2.56M
5
Millennium Management
Millennium Management
New York
-$1.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
TPWA
101
TRUE Private Wealth Advisors
Oregon
$9K – – –
AF
102
Advisornet Financial
Minnesota
$7K – – –
RCA
103
Ranch Capital Advisors
Florida
$7K – – –
SFS
104
Sowell Financial Services
Arkansas
$7K +$420 +35 +5%
WLPWM
105
Walled Lake Planning & Wealth Management
Illinois
$6K +$8.02K +668 New
Carson Wealth (CWM LLC)
106
Carson Wealth (CWM LLC)
Nebraska
$5K – – –
PA
107
Procyon Advisors
Connecticut
$4K – – –
TFS
108
TrustCore Financial Services
Tennessee
$4K – – –
GI
109
Gradient Investments
Minnesota
$4K +$4.6K +383 New
APA
110
American Portfolios Advisors
New York
$3.36K – – –
CFA
111
Carroll Financial Associates
North Carolina
$2K – – –
PFO
112
Pathstone Family Office
New Jersey
$1K -$42.1K -3,510 -98%
CA
113
Cornerstone Advisors
North Carolina
– -$6.69M -514,661 Closed
Millennium Management
114
Millennium Management
New York
– -$1.92M -147,981 Closed
QPWM
115
Quadrant Private Wealth Management
Pennsylvania
– -$1.31M -101,049 Closed
Bank of New York Mellon
116
Bank of New York Mellon
New York
– -$420K -32,346 Closed
AWM
117
AE Wealth Management
Kansas
– -$354K -27,257 Closed
SS
118
Simplicity Solutions
Minnesota
– -$325K -25,032 Closed
MA
119
MONECO Advisors
Connecticut
– -$263K -19,872 Closed
CRWM
120
Castle Rock Wealth Management
California
– -$214K -15,800 Closed
KOMWMG
121
Kerntke Otto McGlone Wealth Management Group
Wisconsin
– -$170K -13,075 Closed
TFCP
122
Twin Focus Capital Partners
Massachusetts
– -$132K -10,167 Closed
Deutsche Bank
123
Deutsche Bank
Germany
– -$34K -2,650 Closed
FHA
124
Flagship Harbor Advisors
Massachusetts
– -$27K -2,075 Closed
NFG
125
Next Financial Group
Texas
– -$18K -1,400 Closed
2 3 4
5
6

NFJ Hedge Fund Activity: Q1 2020 in Review

112 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2020, worth a combined $271M — down 26% from $368M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new NFJ positions and 16 closed out — a net gain of 5 holders — while 39 added to existing stakes and 28 trimmed.

The largest buyer was Invesco, adding an estimated $2.3M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $6.69M sold.

  • 112 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2020, up from 110 in Q4 2019.
  • Funds reported $271M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2020, down 26% quarter-over-quarter.
  • 21 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2020 and 16 closed out, a net change of +5 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2020 was Invesco, an estimated $2.3M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2020 was Cornerstone Advisors, an estimated $6.69M sold.

Based on aggregated 13F filings for Q1 2020.