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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

86 hedge funds and large institutions have $278M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2017 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 31 increasing their positions, 25 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% more repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 25

6% more capital invested

Capital invested by funds: $261M → $278M (+$16.6M)

0.88% more ownership

Funds ownership: 21.87% → 22.75% (+0.88%)

4% less funds holding

Funds holding: 90 → 86 (-4)

20% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 15

Holders
86
Holders Change
-4
Holders Change %
-4.44%
% of All Funds
2.14%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
31
Reduced
25
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RCM
Rivernorth Capital Management
Florida
+$8.19M
2
RVPG
Relative Value Partners Group
+$4.4M
3
AAM
Advisors Asset Management
Colorado
+$2.72M
4
UBS Group
UBS Group
Switzerland
+$2.28M
5
PCM
Pointe Capital Management
Michigan
+$2.2M

Top Sellers

1
SCM
Saba Capital Management
New York
-$4.23M
2
Citigroup
Citigroup
New York
-$3.39M
3
CA
Cornerstone Advisors
North Carolina
-$2.28M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$1.95M
5
LCM
Laurion Capital Management
New York
-$1.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$77.6M -$603K -46,304 -0.8%
Bank of America
2
Bank of America
North Carolina
$30.3M +$1.99M +153,270 +7%
RVPG
3
Relative Value Partners Group
$26.4M +$4.4M +338,089 +20%
GC
4
Guggenheim Capital
Illinois
$19.4M +$1.41M +108,171 +8%
Invesco
5
Invesco
Georgia
$18.4M +$953K +73,211 +5%
RCM
6
Rivernorth Capital Management
Florida
$13.9M +$8.19M +629,284 +140%
SCM
7
Saba Capital Management
New York
$12.4M -$4.23M -325,329 -25%
KIM
8
Karpus Investment Management
New York
$8.15M -$496K -38,136 -6%
UBS Group
9
UBS Group
Switzerland
$7.03M +$2.28M +175,269 +47%
AAM
10
Advisors Asset Management
Colorado
$6.88M +$2.72M +208,888 +64%
CA
11
Cornerstone Advisors
North Carolina
$6.27M -$2.28M -175,112 -26%
Wells Fargo
12
Wells Fargo
California
$5.32M -$432K -33,199 -7%
Stifel Financial
13
Stifel Financial
Missouri
$5.13M +$795K +61,053 +18%
Baird Financial Group
14
Baird Financial Group
Wisconsin
$4.21M +$56.1K +4,310 +1%
LCM
15
Landscape Capital Management
New Jersey
$4.19M +$606K +46,552 +16%
PCM
16
Pointe Capital Management
Michigan
$2.18M +$2.2M +169,345 New
1832 Asset Management
17
1832 Asset Management
Ontario, Canada
$1.94M -$1.95M -150,000 -50%
LPL Financial
18
LPL Financial
California
$1.69M +$97.3K +7,477 +6%
First Trust Advisors
19
First Trust Advisors
Illinois
$1.58M -$19.5K -1,500 -1%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$1.52M +$302K +23,217 +24%
RJA
21
Raymond James & Associates
Florida
$1.5M -$121K -9,290 -7%
TJHA
22
Thomas J. Herzfeld Advisors
Florida
$1.49M – – –
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$1.46M +$79.4K +6,100 +6%
RJFSA
24
Raymond James Financial Services Advisors
Florida
$1.31M -$8.96K -688 -0.7%
Cohen & Steers
25
Cohen & Steers
New York
$1.3M -$83K -6,379 -6%
1
2 3 4 5

NFJ Hedge Fund Activity: Q1 2017 in Review

86 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2017, worth a combined $278M — up 6.4% from $261M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of NFJ and 12 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 31 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $8.19M. The largest seller was Saba Capital Management, cutting an estimated $4.23M.

  • 86 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2017, down from 90 in Q4 2016.
  • Funds reported $278M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2017, up 6.4% quarter-over-quarter.
  • 12 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2017 and 15 closed out, a net change of -3 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2017 was Rivernorth Capital Management, an estimated $8.19M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2017 was Saba Capital Management, an estimated $4.23M sold.

Based on aggregated 13F filings for Q1 2017.