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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

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.

New
Increased
Maintained
Reduced
Closed

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%)

5% less capital invested

Capital invested by funds: $238M → $226M (-$12.7M)

11% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 18

Holders
58
Holders Change
+3
Holders Change %
+5.45%
% of All Funds
1.88%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
16
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$5.6M
2
LPL Financial
LPL Financial
California
+$2.17M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$1.44M
4
Deutsche Bank
Deutsche Bank
Germany
+$818K
5
Jane Street
Jane Street
New York
+$436K

Top Sellers

1
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$6.24M
2
Morgan Stanley
Morgan Stanley
New York
-$6.05M
3
Invesco
Invesco
Georgia
-$4.49M
4
PPA
Parametric Portfolio Associates
Washington
-$1.86M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$101M -$6.05M -351,638 -6%
Bank of America
2
Bank of America
North Carolina
$23.5M +$5.6M +325,319 +30%
GC
3
Guggenheim Capital
Illinois
$20.8M -$70.9K -4,124 -0.3%
Invesco
4
Invesco
Georgia
$15.8M -$4.49M -261,109 -22%
LPL Financial
5
LPL Financial
California
$9.61M +$2.17M +126,377 +29%
Northwestern Mutual Wealth Management
6
Northwestern Mutual Wealth Management
Wisconsin
$7.81M +$1.44M +83,505 +22%
U
7
UBS
Switzerland
$7.4M +$391K +22,729 +5%
Wells Fargo
8
Wells Fargo
California
$6.63M +$163K +9,458 +2%
AAM
9
Advisors Asset Management
Colorado
$5.97M -$1.46M -84,733 -19%
SNC
10
Stifel Nicolaus & Co
Missouri
$5.93M +$101K +5,891 +2%
Cohen & Steers
11
Cohen & Steers
New York
$2.21M – – –
CAN
12
Cetera Advisor Networks
California
$2.19M -$85.9K -4,993 -4%
Ameriprise
13
Ameriprise
Minnesota
$1.43M -$31.5K -1,833 -2%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$1.43M -$628K -36,502 -30%
Commonwealth Equity Services
15
Commonwealth Equity Services
Massachusetts
$1.3M -$15.3K -887 -1%
SI
16
Stephens Inc
Arkansas
$1.26M +$26.9K +1,561 +2%
Deutsche Bank
17
Deutsche Bank
Germany
$1.15M +$818K +47,552 +231%
CP
18
Camelot Portfolios
Ohio
$956K +$40.2K +2,335 +4%
First Trust Advisors
19
First Trust Advisors
Illinois
$871K +$63.7K +3,703 +8%
MFS
20
MSI Financial Services
Massachusetts
$759K +$58.6K +3,405 +8%
VCAM
21
Valentine Capital Asset Management
California
$644K – – –
VKH
22
Virtu KCG Holdings
New York
$637K +$650K +37,781 New
OC
23
Oppenheimer & Co
New York
$466K – – –
Jane Street
24
Jane Street
New York
$427K +$436K +25,341 New
RJA
25
Raymond James & Associates
Florida
$409K -$3.96K -230 -0.9%
1
2 3

NFJ Hedge Fund Activity: Q3 2013 in Review

58 of the 3,084 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 5.3% from $238M 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 5.3% 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.