Virtus Dividend, Interest & Premium Strategy Fund
129 hedge funds and large institutions have $497M invested in Virtus Dividend, Interest & Premium Strategy Fund in 2025 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 35 increasing their positions, 48 reducing their positions, and 15 closing their positions.
53% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 15
6% more funds holding
Funds holding: 122 → 129 (+7)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $502M → $497M (-$4.94M)
27% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$14.6M |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$12.6M |
| 3 |
AWA
Arete Wealth Advisors
Chicago,
Illinois
|
+$7.14M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.24M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$13.6M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
-$9.45M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$6.06M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.91M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$2.73M |
NFJ Hedge Fund Activity: Q4 2025 in Review
129 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Virtus Dividend, Interest & Premium Strategy Fund (NFJ) for Q4 2025, worth a combined $497M — down 0.98% from $502M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NFJ positions and 15 closed out — a net gain of 8 holders — while 35 added to existing stakes and 48 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $14.6M. The largest seller was Kovitz Investment Group Partners, exiting entirely with an estimated $13.6M sold.
- 129 institutional investors held Virtus Dividend, Interest & Premium Strategy Fund (NFJ) as of Q4 2025, up from 122 in Q3 2025.
- Funds reported $497M of Virtus Dividend, Interest & Premium Strategy Fund stock for Q4 2025, down 0.98% quarter-over-quarter.
- 23 funds opened new Virtus Dividend, Interest & Premium Strategy Fund positions in Q4 2025 and 15 closed out, a net change of +8 holders.
- The largest Virtus Dividend, Interest & Premium Strategy Fund buyer in Q4 2025 was Saba Capital Management, an estimated $14.6M added.
- The largest Virtus Dividend, Interest & Premium Strategy Fund seller in Q4 2025 was Kovitz Investment Group Partners, an estimated $13.6M sold.
Based on aggregated 13F filings for Q4 2025.