Virtus Dividend, Interest & Premium Strategy Fund
132 hedge funds and large institutions have $415M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 47 increasing their positions, 41 reducing their positions, and 13 closing their positions.
62% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 13
15% more repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 41
8% more capital invested
Capital invested by funds: $386M → $415M (+$29.1M)
6% more funds holding
Funds holding: 124 → 132 (+8)
1.17% more ownership
Funds ownership: 36.11% → 37.28% (+1.2%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$9.35M |
| 2 |
SCM
Saba Capital Management
New York
|
+$3.67M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.02M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.87M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$2.57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$6.33M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$3.31M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.3M |
| 4 |
RVPG
Relative Value Partners Group
|
-$1.87M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$1.58M |
NFJ Hedge Fund Activity: Q1 2023 in Review
132 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q1 2023, worth a combined $415M — up 7.5% from $386M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NFJ positions and 13 closed out — a net gain of 8 holders — while 47 added to existing stakes and 41 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $9.35M. The largest seller was Cornerstone Advisors, cutting an estimated $6.33M.
- 132 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q1 2023, up from 124 in Q4 2022.
- Funds reported $415M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q1 2023, up 7.5% quarter-over-quarter.
- 21 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q1 2023 and 13 closed out, a net change of +8 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q1 2023 was Karpus Investment Management, an estimated $9.35M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q1 2023 was Cornerstone Advisors, an estimated $6.33M sold.
Based on aggregated 13F filings for Q1 2023.