Virtus Dividend, Interest & Premium Strategy Fund
101 hedge funds and large institutions have $344M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2018 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 32 increasing their positions, 30 reducing their positions, and 15 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
1.22% more ownership
Funds ownership: 27.51% → 28.74% (+1.2%)
7% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 30
4% more capital invested
Capital invested by funds: $332M → $344M (+$12.3M)
6% less funds holding
Funds holding: 107 → 101 (-6)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$8.81M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$4.52M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$3.87M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$3.49M |
| 5 |
RVPG
Relative Value Partners Group
|
+$2.88M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.77M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.26M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.16M |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
-$1.71M |
| 5 |
Cohen & Steers
New York
|
-$1.55M |
NFJ Hedge Fund Activity: Q2 2018 in Review
101 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q2 2018, worth a combined $344M — up 3.7% from $332M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NFJ and 10 opened new positions — a net loss of 5 holders — while 30 trimmed existing stakes and 32 added.
The largest buyer was 1607 Capital Partners, opening a new position worth an estimated $8.81M. The largest seller was Saba Capital Management, cutting an estimated $2.77M.
- 101 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q2 2018, down from 107 in Q1 2018.
- Funds reported $344M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q2 2018, up 3.7% quarter-over-quarter.
- 10 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q2 2018 and 15 closed out, a net change of -5 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q2 2018 was 1607 Capital Partners, an estimated $8.81M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q2 2018 was Saba Capital Management, an estimated $2.77M sold.
Based on aggregated 13F filings for Q2 2018.