Virtus Dividend, Interest & Premium Strategy Fund
NFJ
120 hedge funds and large institutions have $373M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2022 Q2 according to their latest regulatory filings, with 29 funds opening new positions, 35 increasing their positions, 31 reducing their positions, and 11 closing their positions.
164% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 11
17% more funds holding
Funds holding: 103 → 120 (+17)
13% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 31
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.69% less ownership
Funds ownership: 34.58% → 33.89% (-0.69%)
21% less capital invested
Capital invested by funds: $472M → $373M (-$98.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$89.4M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$11.9M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.11M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.67M |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$8.75M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.49M |
| 3 |
MA
MJP Associates
Farmington,
Connecticut
|
-$3.76M |
| 4 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
-$2.62M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$1.83M |
NFJ Hedge Fund Activity: Q2 2022 in Review
120 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q2 2022, worth a combined $373M — down 21% from $472M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new NFJ positions and 11 closed out — a net gain of 18 holders — while 35 added to existing stakes and 31 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $89.4M. The largest seller was Saba Capital Management, cutting an estimated $8.75M.
- 120 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q2 2022, up from 103 in Q1 2022.
- Funds reported $373M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q2 2022, down 21% quarter-over-quarter.
- 29 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q2 2022 and 11 closed out, a net change of +18 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q2 2022 was Morgan Stanley, an estimated $89.4M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q2 2022 was Saba Capital Management, an estimated $8.75M sold.
Based on aggregated 13F filings for Q2 2022.