Virtus Dividend, Interest & Premium Strategy Fund
131 hedge funds and large institutions have $623M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2023 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 43 increasing their positions, 41 reducing their positions, and 18 closing their positions.
44% more capital invested
Capital invested by funds: $432M → $623M (+$191M)
11.93% more ownership
Funds ownership: 40.24% → 52.17% (+12%)
5% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 41
4% less funds holding
Funds holding: 137 → 131 (-6)
17% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$102M |
| 2 |
SCM
Saba Capital Management
New York
|
+$13.5M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$3.25M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$2.42M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$2.24M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$996K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$921K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$667K |
| 5 |
WA
Wealth Alliance
Mellville,
New York
|
-$620K |
NFJ Hedge Fund Activity: Q4 2023 in Review
131 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2023, worth a combined $623M — up 44% from $432M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of NFJ and 15 opened new positions — a net loss of 3 holders — while 41 trimmed existing stakes and 43 added.
The largest buyer was Morgan Stanley, adding an estimated $102M. The largest seller was Bank of America, cutting an estimated $2.24M.
- 131 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q4 2023, down from 137 in Q3 2023.
- Funds reported $623M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2023, up 44% quarter-over-quarter.
- 15 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2023 and 18 closed out, a net change of -3 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q4 2023 was Morgan Stanley, an estimated $102M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q4 2023 was Bank of America, an estimated $2.24M sold.
Based on aggregated 13F filings for Q4 2023.