Virtus Dividend, Interest & Premium Strategy Fund
NFJ
106 hedge funds and large institutions have $316M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 39 reducing their positions, and 16 closing their positions.
17% more capital invested
Capital invested by funds: $271M → $316M (+$45M)
0.08% more ownership
Funds ownership: 29.72% → 29.8% (+0.08%)
5% less funds holding
Funds holding: 112 → 106 (-6)
13% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 39
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.96M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$3.76M |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$2.7M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.84M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.14M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.4M |
| 3 |
RVPG
Relative Value Partners Group
|
-$2.21M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.81M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.53M |
NFJ Hedge Fund Activity: Q2 2020 in Review
106 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q2 2020, worth a combined $316M — up 17% from $271M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NFJ and 10 opened new positions — a net loss of 6 holders — while 39 trimmed existing stakes and 34 added.
The largest buyer was Morgan Stanley, adding an estimated $6.96M. The largest seller was Rivernorth Capital Management, cutting an estimated $6.14M.
- 106 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q2 2020, down from 112 in Q1 2020.
- Funds reported $316M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q2 2020, up 17% quarter-over-quarter.
- 10 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q2 2020 and 16 closed out, a net change of -6 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q2 2020 was Morgan Stanley, an estimated $6.96M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q2 2020 was Rivernorth Capital Management, an estimated $6.14M sold.
Based on aggregated 13F filings for Q2 2020.