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NFJ

Virtus Dividend, Interest & Premium Strategy Fund
NFJ

114 hedge funds and large institutions have $478M 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.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

17% more capital invested

Capital invested by funds: $407M → $478M (+$70.4M)

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

Holders
114
Holders Change
-4
Holders Change %
-3.39%
% of All Funds
2%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
16
Increased
36
Reduced
33
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PPA
Parametric Portfolio Associates
Washington
+$59.1M
2
PCM
Penserra Capital Management
California
+$13.7M
3
CA
Cornerstone Advisors
North Carolina
+$3.06M
4
Wells Fargo
Wells Fargo
California
+$2.93M
5
AWA
Arete Wealth Advisors
Illinois
+$2.4M

Top Sellers

1
SCM
Saba Capital Management
New York
-$10.4M
2
Millennium Management
Millennium Management
New York
-$4.42M
3
Morgan Stanley
Morgan Stanley
New York
-$3.79M
4
RJFSA
Raymond James Financial Services Advisors
Florida
-$2.19M
5
Citigroup
Citigroup
New York
-$2.01M
Name Holding Trade Value Shares
Change 		Change in
Stake
PPA
1
Parametric Portfolio Associates
Washington
$91.7M +$59.1M +4,342,634 +188%
Morgan Stanley
2
Morgan Stanley
New York
$63.7M -$3.79M -278,765 -6%
Wells Fargo
3
Wells Fargo
California
$42.9M +$2.93M +214,976 +7%
RVPG
4
Relative Value Partners Group
$33.2M -$128K -9,373 -0.4%
Bank of America
5
Bank of America
North Carolina
$31.7M -$713K -52,389 -2%
Invesco
6
Invesco
Georgia
$21.4M +$178K +13,113 +0.9%
SCM
7
Saba Capital Management
New York
$21.2M -$10.4M -761,886 -33%
AAM
8
Advisors Asset Management
Colorado
$20.1M +$1.35M +99,505 +7%
Stifel Financial
9
Stifel Financial
Missouri
$15M -$196K -14,413 -1%
1CP
10
1607 Capital Partners
Virginia
$14.9M -$64K -4,700 -0.4%
GC
11
Guggenheim Capital
Illinois
$14.2M -$178K -13,058 -1%
PCM
12
Penserra Capital Management
California
$13.9M +$13.7M +1,006,454 New
UBS Group
13
UBS Group
Switzerland
$8.22M +$524K +38,518 +7%
SIA
14
Sit Investment Associates
Minnesota
$7.35M – – –
AWA
15
Arete Wealth Advisors
Illinois
$7.26M +$2.4M +176,563 +50%
CA
16
Cornerstone Advisors
North Carolina
$5.75M +$3.06M +224,614 +117%
SFS
17
Shaker Financial Services
Virginia
$4.76M +$2.2M +161,459 +88%
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$4.58M +$260K +19,085 +6%
RJFSA
19
Raymond James Financial Services Advisors
Florida
$4.51M -$2.19M -161,148 -33%
RJA
20
Raymond James & Associates
Florida
$3.78M +$188K +13,784 +5%
EDRIA
21
Edmonds Duncan Registered Investment Advisors
Kansas
$3.35M -$27.8K -2,044 -0.8%
Thrivent Financial for Lutherans
22
Thrivent Financial for Lutherans
Minnesota
$2.83M +$45.1K +3,316 +2%
MA
23
MJP Associates
Connecticut
$2.37M +$2.34M +172,051 New
Baird Financial Group
24
Baird Financial Group
Wisconsin
$2.34M -$349K -25,620 -13%
WAM
25
Wolverine Asset Management
Illinois
$2.06M +$317K +23,256 +18%
1
2 3 4 5

NFJ Hedge Fund Activity: Q1 2021 in Review

114 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2021, worth a combined $478M — up 17% from $407M 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 $478M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2021, up 17% 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.