Virtus Dividend, Interest & Premium Strategy Fund
131 hedge funds and large institutions have $551M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2024 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 38 increasing their positions, 42 reducing their positions, and 15 closing their positions.
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
11% more capital invested
Capital invested by funds: $497M → $551M (+$54M)
1.9% more ownership
Funds ownership: 42.68% → 44.58% (+1.9%)
1% more funds holding
Funds holding: 130 → 131 (+1)
10% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$25.4M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$16.7M |
| 3 |
Morgan Stanley
New York
|
+$4.17M |
| 4 |
Capstone Investment Advisors
New York
|
+$2.98M |
| 5 |
BEI
Benjamin Edwards Inc
Clayton,
Missouri
|
+$1.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$8.32M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$7.48M |
| 3 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$3.33M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$2.58M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.32M |
NFJ Hedge Fund Activity: Q3 2024 in Review
131 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q3 2024, worth a combined $551M — up 11% from $497M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NFJ positions and 15 closed out — a net gain of 3 holders — while 38 added to existing stakes and 42 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $25.4M. The largest seller was Penserra Capital Management, cutting an estimated $8.32M.
- 131 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q3 2024, up from 130 in Q2 2024.
- Funds reported $551M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q3 2024, up 11% quarter-over-quarter.
- 18 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q3 2024 and 15 closed out, a net change of +3 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q3 2024 was Saba Capital Management, an estimated $25.4M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q3 2024 was Penserra Capital Management, an estimated $8.32M sold.
Based on aggregated 13F filings for Q3 2024.