Virtus Dividend, Interest & Premium Strategy Fund
114 hedge funds and large institutions have $479M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2021 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 36 increasing their positions, 33 reducing their positions, and 19 closing their positions.
193% more capital inflows, than outflows
Capital inflows: $93.6M | Capital outflows: $32M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
4.77% more ownership
Funds ownership: 31.93% → 36.7% (+4.8%)
9% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 33
3% less funds holding
Funds holding: 118 → 114 (-4)
16% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$59.1M |
| 2 |
Penserra Capital Management
Orinda,
California
|
+$13.7M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$3.06M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.93M |
| 5 |
Arete Wealth Advisors
Chicago,
Illinois
|
+$2.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Saba Capital Management
New York
|
-$10.4M |
| 2 |
Millennium Management
New York
|
-$4.42M |
| 3 |
Morgan Stanley
New York
|
-$3.79M |
| 4 |
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$2.19M |
| 5 |
Citigroup
New York
|
-$2.01M |
NFJ Hedge Fund Activity: Q1 2021 in Review
114 of the 5,714 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2021, worth a combined $479M — up 15% from $418M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of NFJ and 16 opened new positions — a net loss of 3 holders — while 33 trimmed existing stakes and 36 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $59.1M. The largest seller was Saba Capital Management, cutting an estimated $10.4M.
- 114 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2021, down from 118 in Q4 2020.
- Funds reported $479M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2021, up 15% quarter-over-quarter.
- 16 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2021 and 19 closed out, a net change of -3 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2021 was Parametric Portfolio Associates, an estimated $59.1M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2021 was Saba Capital Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2021.