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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

78 hedge funds and large institutions have $204M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2015 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 27 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

8% more funds holding

Funds holding: 72 → 78 (+6)

0.32% more ownership

Funds ownership: 16.41% → 16.73% (+0.32%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

13% less capital invested

Capital invested by funds: $235M → $204M (-$31.7M)

19% less repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 27

Holders
78
Holders Change
+6
Holders Change %
+8.33%
% of All Funds
2.18%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
14
Increased
22
Reduced
27
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$3.92M
2
Morgan Stanley
Morgan Stanley
New York
+$3.47M
3
CA
Cornerstone Advisors
North Carolina
+$3.35M
4
PPA
Parametric Portfolio Associates
Washington
+$3.28M
5
WAM
Wolverine Asset Management
Illinois
+$2.96M

Top Sellers

1
Bank of America
Bank of America
North Carolina
-$7.81M
2
LPL Financial
LPL Financial
California
-$5.29M
3
SFS
Shaker Financial Services
Virginia
-$2.44M
4
UBS Group
UBS Group
Switzerland
-$1.05M
5
DA
Doliver Advisors
Texas
-$919K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$74.4M +$3.47M +249,614 +4%
Bank of America
2
Bank of America
North Carolina
$25.9M -$7.81M -562,075 -22%
GC
3
Guggenheim Capital
Illinois
$19.9M +$268K +19,265 +1%
Invesco
4
Invesco
Georgia
$14.3M +$2.09M +150,133 +16%
CA
5
Cornerstone Advisors
North Carolina
$10.8M +$3.35M +241,275 +40%
UBS Group
6
UBS Group
Switzerland
$5.71M -$1.05M -75,754 -14%
WAM
7
Wolverine Asset Management
Illinois
$4.74M +$2.96M +213,179 +135%
PPA
8
Parametric Portfolio Associates
Washington
$4.37M +$3.28M +236,434 +223%
Northwestern Mutual Wealth Management
9
Northwestern Mutual Wealth Management
Wisconsin
$4.35M -$527K -37,958 -10%
Bank of Nova Scotia
10
Bank of Nova Scotia
Ontario, Canada
$3.6M +$3.92M +281,966 New
Wells Fargo
11
Wells Fargo
California
$3.44M -$79.2K -5,698 -2%
Stifel Financial
12
Stifel Financial
Missouri
$3.12M +$462K +33,286 +16%
PCM
13
Pointe Capital Management
Michigan
$2.42M -$3.79K -273 -0.1%
LPL Financial
14
LPL Financial
California
$2.08M -$5.29M -381,098 -70%
RJFSA
15
Raymond James Financial Services Advisors
Florida
$1.78M +$1.58M +113,772 +447%
CAN
16
Cetera Advisor Networks
California
$1.57M +$109K +7,836 +7%
CCP
17
Clough Capital Partners
Massachusetts
$1.36M +$246K +17,700 +20%
First Trust Advisors
18
First Trust Advisors
Illinois
$1.33M +$29.3K +2,110 +2%
CRC
19
Curi RMB Capital
Illinois
$1.16M -$601K -43,255 -32%
MFS
20
MSI Financial Services
Massachusetts
$1.14M +$37K +2,663 +3%
Thrivent Financial for Lutherans
21
Thrivent Financial for Lutherans
Minnesota
$916K – – –
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$871K +$56.2K +4,046 +6%
Royal Bank of Canada
23
Royal Bank of Canada
Ontario, Canada
$828K -$379K -27,275 -30%
Commonwealth Equity Services
24
Commonwealth Equity Services
Massachusetts
$809K -$247K -17,815 -22%
Geode Capital Management
25
Geode Capital Management
Massachusetts
$782K – – –
1
2 3 4

NFJ Hedge Fund Activity: Q3 2015 in Review

78 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2015, worth a combined $204M — down 13% from $235M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NFJ positions and 7 closed out — a net gain of 7 holders — while 22 added to existing stakes and 27 trimmed.

The largest buyer was Bank of Nova Scotia, opening a new position worth an estimated $3.92M. The largest seller was Bank of America, cutting an estimated $7.81M.

  • 78 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2015, up from 72 in Q2 2015.
  • Funds reported $204M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2015, down 13% quarter-over-quarter.
  • 14 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2015 and 7 closed out, a net change of +7 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2015 was Bank of Nova Scotia, an estimated $3.92M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2015 was Bank of America, an estimated $7.81M sold.

Based on aggregated 13F filings for Q3 2015.