Virtus Dividend, Interest & Premium Strategy Fund
NFJ
118 hedge funds and large institutions have $407M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2020 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 26 increasing their positions, 38 reducing their positions, and 15 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
87% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 15
19% more capital invested
Capital invested by funds: $343M → $407M (+$64.4M)
11% more funds holding
Funds holding: 106 → 118 (+12)
1.27% more ownership
Funds ownership: 30.67% → 31.93% (+1.3%)
32% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$9M |
| 2 |
Millennium Management
New York
|
+$4.14M |
| 3 |
Citigroup
New York
|
+$2.01M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$1.84M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.76M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.94M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.31M |
| 3 |
Morgan Stanley
New York
|
-$1.59M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$1.51M |
| 5 |
SCM
Saba Capital Management
New York
|
-$1.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FFA
126
Founders Financial Alliance
Raleigh,
North Carolina
| – | -$89K | -7,603 | Closed |
|
127
Barclays
London,
United Kingdom
| – | -$43K | -3,107 | Closed |
|
|
RWA
128
Ropes Wealth Advisors
Boston,
Massachusetts
| – | -$12K | -1,000 | Closed |
|
|
RCA
129
Ranch Capital Advisors
Sarasota,
Florida
| – | -$9K | -800 | Closed |
|
|
TFS
130
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$4K | -371 | Closed |
|
|
PFO
131
Pathstone Family Office
Englewood,
New Jersey
| – | -$1K | -80 | Closed |
|
132
Fidelity Investments
Boston,
Massachusetts
| – | +$25 | +2 | New |
|
NFJ Hedge Fund Activity: Q4 2020 in Review
118 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2020, worth a combined $407M — up 19% from $343M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new NFJ positions and 15 closed out — a net gain of 13 holders — while 26 added to existing stakes and 38 trimmed.
The largest buyer was Wells Fargo, adding an estimated $9M. The largest seller was Raymond James & Associates, cutting an estimated $2.94M.
- 118 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q4 2020, up from 106 in Q3 2020.
- Funds reported $407M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2020, up 19% quarter-over-quarter.
- 28 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2020 and 15 closed out, a net change of +13 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q4 2020 was Wells Fargo, an estimated $9M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q4 2020 was Raymond James & Associates, an estimated $2.94M sold.
Based on aggregated 13F filings for Q4 2020.