Virtus Dividend, Interest & Premium Strategy Fund
58 hedge funds and large institutions have $226M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2013 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 16 increasing their positions, 18 reducing their positions, and 7 closing their positions.
43% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 7
5% more funds holding
Funds holding: 55 → 58 (+3)
1.08% less ownership
Funds ownership: 15.25% → 14.16% (-1.1%)
7% less capital invested
Capital invested by funds: $243M → $226M (-$17.2M)
11% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$5.6M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.17M |
| 3 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$1.44M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$818K |
| 5 |
Jane Street
New York
|
+$436K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$6.24M |
| 2 |
Morgan Stanley
New York
|
-$6.05M |
| 3 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$4.52M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$4.49M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.86M |
NFJ Hedge Fund Activity: Q3 2013 in Review
58 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2013, worth a combined $226M — down 7.1% from $243M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NFJ positions and 7 closed out — a net gain of 3 holders — while 16 added to existing stakes and 18 trimmed.
The largest buyer was Bank of America, adding an estimated $5.6M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $6.24M sold.
- 58 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2013, up from 55 in Q2 2013.
- Funds reported $226M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2013, down 7.1% quarter-over-quarter.
- 10 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2013 and 7 closed out, a net change of +3 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2013 was Bank of America, an estimated $5.6M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2013 was 1832 Asset Management, an estimated $6.24M sold.
Based on aggregated 13F filings for Q3 2013.