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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

93 hedge funds and large institutions have $232M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2016 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 20 increasing their positions, 38 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.57% more ownership

Funds ownership: 19.42% → 19.98% (+0.57%)

0% more capital invested

Capital invested by funds: $232M → $232M (+$399K)

5% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 19

2% less funds holding

Funds holding: 95 → 93 (-2)

47% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 38

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
93
Holders Change
-2
Holders Change %
-2.11%
% of All Funds
2.48%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.03%
New
18
Increased
20
Reduced
38
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
SCM
Saba Capital Management
New York
+$8.87M
2
KIM
Karpus Investment Management
New York
+$7.54M
3
PPA
Parametric Portfolio Associates
Washington
+$4.01M
4
MC
Matisse Capital
Oregon
+$3.25M
5
RCM
Rivernorth Capital Management
Florida
+$2.17M

Top Sellers

1
CRC
Curi RMB Capital
Illinois
-$4.21M
2
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$3.3M
3
LCM
Landscape Capital Management
New Jersey
-$3.28M
4
SFS
Shaker Financial Services
Virginia
-$2.19M
5
Bank of America
Bank of America
North Carolina
-$1.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$70M -$1.48M -127,252 -2%
Bank of America
2
Bank of America
North Carolina
$25.9M -$1.92M -165,535 -7%
GC
3
Guggenheim Capital
Illinois
$17.6M -$313K -26,952 -2%
Invesco
4
Invesco
Georgia
$15.6M +$1.36M +117,138 +10%
CA
5
Cornerstone Advisors
North Carolina
$9.84M -$521K -44,825 -5%
SCM
6
Saba Capital Management
New York
$9.37M +$8.87M +763,837 New
PPA
7
Parametric Portfolio Associates
Washington
$9.13M +$4.01M +345,277 +86%
KIM
8
Karpus Investment Management
New York
$9.05M +$7.54M +649,420 +731%
Bank of Nova Scotia
9
Bank of Nova Scotia
Ontario, Canada
$5.02M +$942K +81,092 +25%
WAM
10
Wolverine Asset Management
Illinois
$4.52M -$979K -84,239 -19%
UBS Group
11
UBS Group
Switzerland
$4.42M +$361K +31,086 +9%
MC
12
Matisse Capital
Oregon
$3.43M +$3.25M +279,566 New
LCM
13
Landscape Capital Management
New Jersey
$3.25M -$3.28M -282,472 -52%
RCM
14
Rivernorth Capital Management
Florida
$3.13M +$2.17M +186,644 +273%
LPL Financial
15
LPL Financial
California
$2.82M -$596K -51,342 -18%
NCM
16
Newgate Capital Management
Connecticut
$2.78M -$150K -12,895 -5%
Stifel Financial
17
Stifel Financial
Missouri
$2.74M -$233K -20,033 -8%
PCM
18
Pointe Capital Management
Michigan
$2.45M -$167K -14,366 -7%
Baird Financial Group
19
Baird Financial Group
Wisconsin
$1.97M +$417K +35,917 +29%
Wells Fargo
20
Wells Fargo
California
$1.77M -$73.8K -6,356 -4%
Citigroup
21
Citigroup
New York
$1.68M +$1.11M +95,357 +229%
BBPWM
22
Blue Bell Private Wealth Management
Pennsylvania
$1.56M -$192K -16,517 -11%
RJA
23
Raymond James & Associates
Florida
$1.53M +$264K +22,682 +22%
AAM
24
Advisors Asset Management
Colorado
$1.44M +$844K +72,693 +163%
CAN
25
Cetera Advisor Networks
California
$1.35M -$193K -16,628 -13%
1
2 3 4 5

NFJ Hedge Fund Activity: Q1 2016 in Review

93 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2016, worth a combined $232M — up 0.17% from $232M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of NFJ and 18 opened new positions — a net loss of 1 holder — while 38 trimmed existing stakes and 20 added.

The largest buyer was Saba Capital Management, opening a new position worth an estimated $8.87M. The largest seller was Curi RMB Capital, exiting entirely with an estimated $4.21M sold.

  • 93 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2016, down from 95 in Q4 2015.
  • Funds reported $232M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2016, up 0.17% quarter-over-quarter.
  • 18 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2016 and 19 closed out, a net change of -1 holder.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2016 was Saba Capital Management, an estimated $8.87M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2016 was Curi RMB Capital, an estimated $4.21M sold.

Based on aggregated 13F filings for Q1 2016.