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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

114 hedge funds and large institutions have $478M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2021 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 33 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

17% more capital invested

Capital invested by funds: $407M → $478M (+$70.4M)

4.77% more ownership

Funds ownership: 31.93% → 36.7% (+4.8%)

9% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 33

3% less funds holding

Funds holding: 118 → 114 (-4)

16% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 19

Holders
114
Holders Change
-4
Holders Change %
-3.39%
% of All Funds
2%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
16
Increased
36
Reduced
33
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$59.1M
2
PCM
Penserra Capital Management
California
+$13.7M
3
CA
Cornerstone Advisors
North Carolina
+$3.06M
4
Wells Fargo
Wells Fargo
California
+$2.93M
5
AWA
Arete Wealth Advisors
Illinois
+$2.4M

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$10.4M
2
Millennium Management
Millennium Management
New York
-$4.42M
3
Morgan Stanley
Morgan Stanley
New York
-$3.79M
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.19M
5
Citigroup
Citigroup
New York
-$2.01M
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
101
IFP Advisors
Florida
$13K +$12.9K +950 New
CCA
102
Column Capital Advisors
Indiana
$11K – – –
RCA
103
Ranch Capital Advisors
Florida
$11K +$10.9K +800 New
SFS
104
Sowell Financial Services
Arkansas
$8K -$640 -47 -8%
GWMIA
105
Global Wealth Management Investment Advisory
Florida
$7K -$23K -1,693 -76%
BFG
106
Baron Financial Group
New Jersey
$6.9K – – –
APA
107
American Portfolios Advisors
New York
$6.38K +$3.92K +288 +165%
GWM
108
Geneos Wealth Management
Colorado
$6K – – –
Carson Wealth (CWM LLC)
109
Carson Wealth (CWM LLC)
Nebraska
$5K – – –
IAIM
110
International Assets Investment Management
Florida
$5K – – –
CFA
111
Carroll Financial Associates
North Carolina
$3K – – –
SWM
112
Sugarloaf Wealth Management
Georgia
$906 +$5.35K +393 +0.6%
Walleye Capital
113
Walleye Capital
New York
$699 +$52.1K +3,825 +8%
Millennium Management
114
Millennium Management
New York
– -$4.42M -328,711 Closed
KIM
115
Karpus Investment Management
New York
– -$1.88M -139,828 Closed
CRC
116
Curi RMB Capital
Illinois
– -$1.6M -119,102 Closed
LCM
117
Landscape Capital Management
New Jersey
– -$1.24M -92,315 Closed
AA
118
AQR Arbitrage
Connecticut
– -$966K -71,753 Closed
CCFM
119
Clear Creek Financial Management
Washington
– -$261K -19,445 Closed
OMC
120
Old Mission Capital
Illinois
– -$229K -17,082 Closed
BAM
121
Belpointe Asset Management
Nevada
– -$151K -11,225 Closed
AA
122
Argent Advisors
Louisiana
– -$144K -10,684 Closed
ASN
123
Advisory Services Network
Georgia
– -$42K -3,131 Closed
FIA
124
FNY Investment Advisers
New York
– -$33K -2,500 Closed
TRCT
125
Tower Research Capital (TRC)
New York
– -$24K -1,777 Closed
2 3 4
5
6

NFJ Hedge Fund Activity: Q1 2021 in Review

114 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2021, worth a combined $478M — up 17% from $407M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of NFJ and 16 opened new positions — a net loss of 3 holders — while 33 trimmed existing stakes and 36 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $59.1M. The largest seller was Saba Capital Management, cutting an estimated $10.4M.

  • 114 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2021, down from 118 in Q4 2020.
  • Funds reported $478M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2021, up 17% quarter-over-quarter.
  • 16 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2021 and 19 closed out, a net change of -3 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $59.1M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2021 was Saba Capital Management, an estimated $10.4M sold.

Based on aggregated 13F filings for Q1 2021.