Name Net reduced
positions
Reduced positions Increased positions Return since
30 Sep ‘20
2001
6 18 12 158%
2002
6 22 16 34%
2003
6 18 12 150%
NCV
2004
Virtus Convertible & Income Fund
NCV
$369M
6 22 16 10.8%
2005
6 26 20 260%
2006
6 18 12 26.9%
2007
6 35 29 404%
2008
6 11 5 11.3%
2009
6 17 11 163%
2010
6 20 14 106%
PNW icon
2011
Pinnacle West Capital
PNW
$12.2B
6 178 172 38.8%
2012
6 9 3 603%
2013
6 16 10 277%
2014
6 11 5 0.55%
2015
6 67 61 147%
2016
6 11 5 73.3%
2017
6 96 90 119%
2018
6 14 8 64.1%
2019
6 25 19 168%
2020
6 46 40 99.3%
2021
6 13 7 53.4%
2022
6 39 33 50.2%
2023
6 49 43 121%
2024
6 12 6 231%
2025
6 34 28 15%