Virtus Dividend, Interest & Premium Strategy Fund
137 hedge funds and large institutions have $432M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 42 increasing their positions, 44 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
5% more funds holding
Funds holding: 131 → 137 (+6)
1.99% more ownership
Funds ownership: 38.24% → 40.24% (+2%)
2% less capital invested
Capital invested by funds: $443M → $432M (-$10.5M)
5% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$10.6M |
| 2 |
API
Advisor Partners II
Walnut Creek,
California
|
+$6.09M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$2.2M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$2.12M |
| 5 |
Morgan Stanley
New York
|
+$1.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$2.64M |
| 2 |
RL
RPO LLC
Stamford,
Connecticut
|
-$1.27M |
| 3 |
RVPG
Relative Value Partners Group
|
-$841K |
| 4 |
JP Morgan Chase
New York
|
-$765K |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$402K |
NFJ Hedge Fund Activity: Q3 2023 in Review
137 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2023, worth a combined $432M — down 2.4% from $443M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NFJ positions and 7 closed out — a net gain of 7 holders — while 42 added to existing stakes and 44 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $10.6M. The largest seller was Invesco, cutting an estimated $2.64M.
- 137 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2023, up from 131 in Q2 2023.
- Funds reported $432M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2023, down 2.4% quarter-over-quarter.
- 14 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2023 and 7 closed out, a net change of +7 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2023 was Saba Capital Management, an estimated $10.6M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2023 was Invesco, an estimated $2.64M sold.
Based on aggregated 13F filings for Q3 2023.