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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

82 hedge funds and large institutions have $251M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2014 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 22 increasing their positions, 19 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

480% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 5

37% more funds holding

Funds holding: 60 → 82 (+22)

16% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 19

0.5% less ownership

Funds ownership: 17.07% → 16.57% (-0.5%)

15% less capital invested

Capital invested by funds: $295M → $251M (-$44.2M)

Holders
82
Holders Change
+22
Holders Change %
+36.67%
% of All Funds
2.19%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
29
Increased
22
Reduced
19
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MIG
Mariner Investment Group
New York
+$3.27M
2
SFS
Shaker Financial Services
Virginia
+$2.51M
3
WAM
Wolverine Asset Management
Illinois
+$2.14M
4
DA
Doliver Advisors
Texas
+$1.98M
5
TC
TFS Capital
Pennsylvania
+$1.78M

Top Sellers

1
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$10.8M
2
Bank of America
Bank of America
North Carolina
-$2.67M
3
Stifel Financial
Stifel Financial
Missouri
-$1.04M
4
Morgan Stanley
Morgan Stanley
New York
-$904K
5
VCAM
Valentine Capital Asset Management
California
-$529K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$96.7M -$904K -52,659 -0.9%
Bank of America
2
Bank of America
North Carolina
$35M -$2.67M -155,875 -7%
GC
3
Guggenheim Capital
Illinois
$27.1M +$35.5K +2,066 +0.1%
Invesco
4
Invesco
Georgia
$13.6M +$640K +37,298 +5%
LPL Financial
5
LPL Financial
California
$12M +$153K +8,942 +1%
UBS Group
6
UBS Group
Switzerland
$9.65M +$10.3M +602,862 New
Northwestern Mutual Wealth Management
7
Northwestern Mutual Wealth Management
Wisconsin
$8.48M +$795K +46,339 +10%
Wells Fargo
8
Wells Fargo
California
$5.88M +$273K +15,913 +5%
Stifel Financial
9
Stifel Financial
Missouri
$4.13M -$1.04M -60,784 -19%
IMS
10
Index Management Solutions
Pennsylvania
$3.28M +$585K +34,117 +20%
MIG
11
Mariner Investment Group
New York
$3.05M +$3.27M +190,600 New
SFS
12
Shaker Financial Services
Virginia
$2.34M +$2.51M +146,360 New
WAM
13
Wolverine Asset Management
Illinois
$2M +$2.14M +124,887 New
CAN
14
Cetera Advisor Networks
California
$1.92M +$50.1K +2,921 +2%
DA
15
Doliver Advisors
Texas
$1.84M +$1.98M +115,159 New
PA
16
Pinnacle Associates
New York
$1.73M -$7.21K -420 -0.4%
TC
17
TFS Capital
Pennsylvania
$1.66M +$1.78M +103,726 New
Commonwealth Equity Services
18
Commonwealth Equity Services
Massachusetts
$1.55M +$162K +9,431 +11%
Royal Bank of Canada
19
Royal Bank of Canada
Ontario, Canada
$1.24M +$44.7K +2,603 +3%
MFS
20
MSI Financial Services
Massachusetts
$1.12M +$191K +11,142 +19%
SI
21
Stephens Inc
Arkansas
$1.03M -$19.4K -1,129 -2%
CIA
22
Capital Investment Advisors
Georgia
$984K +$1.06M +61,484 New
Janney Montgomery Scott
23
Janney Montgomery Scott
Pennsylvania
$767K -$24.9K -1,450 -3%
Ameriprise
24
Ameriprise
Minnesota
$746K -$206K -12,006 -20%
Goldman Sachs
25
Goldman Sachs
New York
$731K +$418K +24,342 +114%
1
2 3 4

NFJ Hedge Fund Activity: Q4 2014 in Review

82 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2014, worth a combined $251M — down 15% from $295M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new NFJ positions and 5 closed out — a net gain of 24 holders — while 22 added to existing stakes and 19 trimmed.

The largest buyer was Mariner Investment Group, opening a new position worth an estimated $3.27M. The largest seller was Cambridge Investment Research Advisors, cutting an estimated $10.8M.

  • 82 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q4 2014, up from 60 in Q3 2014.
  • Funds reported $251M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2014, down 15% quarter-over-quarter.
  • 29 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2014 and 5 closed out, a net change of +24 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q4 2014 was Mariner Investment Group, an estimated $3.27M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q4 2014 was Cambridge Investment Research Advisors, an estimated $10.8M sold.

Based on aggregated 13F filings for Q4 2014.