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ACV

Virtus Diversified Income & Convertible Fund
ACV

34 hedge funds and large institutions have $43.9M invested in Virtus Diversified Income & Convertible Fund in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 7 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 7

37% more capital invested

Capital invested by funds: $32M → $43.9M (+$11.9M)

1.14% more ownership

Funds ownership: 17.25% → 18.4% (+1.1%)

8% less funds holding

Funds holding: 37 → 34 (-3)

33% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 9

Holders
34
Holders Change
-3
Holders Change %
-8.11%
% of All Funds
0.7%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
14
Reduced
7
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
+$2.29M
2
LPL Financial
LPL Financial
California
+$1.21M
3
AAM
Advisors Asset Management
Colorado
+$1.04M
4
SFS
Shaker Financial Services
Virginia
+$728K
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$477K

Top Sellers

Rank Fund Capital Flow
1
MC
Matisse Capital
Oregon
-$1.57M
2
LCM
Landscape Capital Management
New Jersey
-$660K
3
PPA
Parametric Portfolio Associates
Washington
-$626K
4
CRC
Curi RMB Capital
Illinois
-$382K
5
Bank of America
Bank of America
North Carolina
-$353K
Name Holding Trade Value Shares
Change 		Change in
Stake
WLPWM
26
Walled Lake Planning & Wealth Management
Illinois
$104K +$96K +4,500 New
SPIA
27
Steward Partners Investment Advisory
New York
$47K +$23.4K +1,095 +118%
BWP
28
Baldwin Wealth Partners
Massachusetts
$46K – – –
SWM
29
Sugarloaf Wealth Management
Georgia
$27K +$619 +29 +3%
AWM
30
Avior Wealth Management
Nebraska
$18K +$3.2K +150 +23%
Northwestern Mutual Wealth Management
31
Northwestern Mutual Wealth Management
Wisconsin
$7K +$43 +2 +0.7%
PAM
32
Panagora Asset Management
Massachusetts
$4K – – –
Carson Wealth (CWM LLC)
33
Carson Wealth (CWM LLC)
Nebraska
$1K – – –
MC
34
Matisse Capital
Oregon
– -$1.57M -87,091 Closed
PPA
35
Parametric Portfolio Associates
Washington
– -$626K -34,799 Closed
CRC
36
Curi RMB Capital
Illinois
– -$382K -21,238 Closed
SCM
37
Saba Capital Management
New York
– -$333K -18,529 Closed
SF
38
Synovus Financial
Georgia
– -$150K -8,269 Closed
ASN
39
Advisory Services Network
Georgia
– -$100K -5,560 Closed
Citigroup
40
Citigroup
New York
– -$4K -209 Closed
FA
41
Fortis Advisors
Pennsylvania
– -$3K -170 Closed
SMFS
42
Squar Milner Financial Services
California
– -$1K -100 Closed
1
2

ACV Hedge Fund Activity: Q2 2020 in Review

34 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q2 2020, worth a combined $43.9M — up 37% from $32M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of ACV and 6 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 14 added.

The largest buyer was Wolverine Asset Management, adding an estimated $2.29M. The largest seller was Matisse Capital, exiting entirely with an estimated $1.57M sold.

  • 34 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q2 2020, down from 37 in Q1 2020.
  • Funds reported $43.9M of Virtus Diversified Income & Convertible Fund stock for Q2 2020, up 37% quarter-over-quarter.
  • 6 funds opened new Virtus Diversified Income & Convertible Fund positions in Q2 2020 and 9 closed out, a net change of -3 holders.
  • The largest Virtus Diversified Income & Convertible Fund buyer in Q2 2020 was Wolverine Asset Management, an estimated $2.29M added.
  • The largest Virtus Diversified Income & Convertible Fund seller in Q2 2020 was Matisse Capital, an estimated $1.57M sold.

Based on aggregated 13F filings for Q2 2020.