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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$59.1M |
| 2 |
PCM
Penserra Capital Management
Orinda,
California
|
+$13.7M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$3.06M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.93M |
| 5 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$2.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$10.4M |
| 2 |
Millennium Management
New York
|
-$4.42M |
| 3 |
Morgan Stanley
New York
|
-$3.79M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.19M |
| 5 |
Citigroup
New York
|
-$2.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KPCM
126
Kings Point Capital Management
Great Neck,
New York
| – | -$24K | -1,750 | Closed |
|
|
OIM
127
Oder Investment Management
Woodland Hills,
California
| – | -$15K | -1,150 | Closed |
|
|
AWG
128
Altus Wealth Group
Colorado Springs,
Colorado
| – | -$10K | -760 | Closed |
|
|
AF
129
Advisornet Financial
Minnetonka,
Minnesota
| – | -$10K | -740 | Closed |
|
|
AIM
130
Anchor Investment Management
Columbia,
South Carolina
| – | -$8.08K | -600 | Closed |
|
|
WLPWM
131
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| – | -$5K | -347 | Closed |
|
|
TH
132
TCTC Holdings
Dallas,
Texas
| – | -$1.36K | -100 | Closed |
|
133
Fidelity Investments
Boston,
Massachusetts
| – | -$14 | -1 | -50% |
|
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.