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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

109 hedge funds and large institutions have $349M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2018 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 41 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

141% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 17

89% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 9

7% more funds holding

Funds holding: 102 → 109 (+7)

0% more capital invested

Capital invested by funds: $347M → $349M (+$1.65M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.78% less ownership

Funds ownership: 28.78% → 28% (-0.78%)

Holders
109
Holders Change
+7
Holders Change %
+6.86%
% of All Funds
2.49%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
17
Increased
41
Reduced
17
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PPA
Parametric Portfolio Associates
Washington
+$2.57M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$2.41M
3
Stifel Financial
Stifel Financial
Missouri
+$2.2M
4
RVPG
Relative Value Partners Group
+$2.18M
5
CA
Cornerstone Advisors
North Carolina
+$1.68M

Top Sellers

1
SCM
Saba Capital Management
New York
-$18.2M
2
SFS
Shaker Financial Services
Virginia
-$4.52M
3
WAM
Wolverine Asset Management
Illinois
-$4.28M
4
RCM
Rivernorth Capital Management
Florida
-$2.83M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$1.55M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$67M +$1.17M +90,565 +2%
Bank of America
2
Bank of America
North Carolina
$32.8M +$708K +54,647 +2%
PPA
3
Parametric Portfolio Associates
Washington
$29.5M +$2.57M +198,720 +10%
RVPG
4
Relative Value Partners Group
$28.9M +$2.18M +168,353 +8%
GC
5
Guggenheim Capital
Illinois
$24.4M +$352K +27,155 +1%
Stifel Financial
6
Stifel Financial
Missouri
$19.5M +$2.2M +169,837 +13%
Wells Fargo
7
Wells Fargo
California
$16.8M +$1.58M +122,084 +10%
Invesco
8
Invesco
Georgia
$16.2M +$689K +53,186 +4%
AAM
9
Advisors Asset Management
Colorado
$13.5M +$503K +38,822 +4%
RCM
10
Rivernorth Capital Management
Florida
$12.2M -$2.83M -218,829 -19%
CA
11
Cornerstone Advisors
North Carolina
$11.2M +$1.68M +130,079 +18%
1CP
12
1607 Capital Partners
Virginia
$9.52M +$525K +40,500 +6%
UBS Group
13
UBS Group
Switzerland
$6.82M +$220K +16,965 +3%
Baird Financial Group
14
Baird Financial Group
Wisconsin
$5.78M +$222K +17,160 +4%
SCM
15
Saba Capital Management
New York
$4.53M -$18.2M -1,401,919 -80%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$4.41M +$1.35M +104,108 +45%
1832 Asset Management
17
1832 Asset Management
Ontario, Canada
$3.93M – – –
RJA
18
Raymond James & Associates
Florida
$3.86M +$1.53M +117,770 +67%
RJFSA
19
Raymond James Financial Services Advisors
Florida
$3.06M +$2.41M +186,172 +392%
PCM
20
Pointe Capital Management
Michigan
$3.04M +$646K +49,895 +27%
Millennium Management
21
Millennium Management
New York
$1.97M -$142K -10,978 -7%
TJHA
22
Thomas J. Herzfeld Advisors
Florida
$1.71M – – –
BC
23
Brinker Capital
Pennsylvania
$1.41M +$700K +54,040 +101%
QPWM
24
Quadrant Private Wealth Management
Pennsylvania
$1.38M – – –
Commonwealth Equity Services
25
Commonwealth Equity Services
Massachusetts
$1.25M +$2.86K +221 +0.2%
1
2 3 4 5

NFJ Hedge Fund Activity: Q3 2018 in Review

109 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2018, worth a combined $349M — up 0.47% from $347M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new NFJ positions and 9 closed out — a net gain of 8 holders — while 41 added to existing stakes and 17 trimmed.

The largest buyer was Parametric Portfolio Associates, adding an estimated $2.57M. The largest seller was Saba Capital Management, cutting an estimated $18.2M.

  • 109 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2018, up from 102 in Q2 2018.
  • Funds reported $349M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2018, up 0.47% quarter-over-quarter.
  • 17 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2018 and 9 closed out, a net change of +8 holders.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2018 was Parametric Portfolio Associates, an estimated $2.57M added.
  • The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2018 was Saba Capital Management, an estimated $18.2M sold.

Based on aggregated 13F filings for Q3 2018.