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ACV

Virtus Diversified Income & Convertible Fund
ACV

42 hedge funds and large institutions have $65.1M invested in Virtus Diversified Income & Convertible Fund in 2021 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

14% more funds holding

Funds holding: 37 → 42 (+5)

1.34% more ownership

Funds ownership: 18.68% → 20.02% (+1.3%)

3% more capital invested

Capital invested by funds: $63.2M → $65.1M (+$1.91M)

9% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 11

Holders
42
Holders Change
+5
Holders Change %
+13.51%
% of All Funds
0.74%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
10
Reduced
11
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KIM
Karpus Investment Management
New York
+$3.6M
2
WAM
Wolverine Asset Management
Illinois
+$2.51M
3
AAM
Advisors Asset Management
Colorado
+$2.25M
4
SFS
Shaker Financial Services
Virginia
+$836K
5
Invesco
Invesco
Georgia
+$444K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$4.44M
2
GC
Guggenheim Capital
Illinois
-$875K
3
Bank of America
Bank of America
North Carolina
-$361K
4
LCM
Landscape Capital Management
New Jersey
-$305K
5
Ameriprise
Ameriprise
Minnesota
-$252K
Name Holding Trade Value Shares
Change 		Change in
Stake
IAIM
26
International Assets Investment Management
Florida
$253K +$66.4K +2,000 +34%
DA
27
Doliver Advisors
Texas
$236K +$249K +7,503 New
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$223K +$235K +7,094 New
AA
29
AQR Arbitrage
Connecticut
$217K -$98.7K -2,975 -30%
WS
30
Wedbush Securities
California
$207K +$218K +6,573 New
BAM
31
Belpointe Asset Management
Nevada
$122K +$129K +3,885 New
BWP
32
Baldwin Wealth Partners
Massachusetts
$63K – – –
HI
33
Harbour Investments
Wisconsin
$61K +$64.9K +1,955 New
Citigroup
34
Citigroup
New York
$47K – – –
SPIA
35
Steward Partners Investment Advisory
New York
$34.4K – – –
CA
36
Clearstead Advisors
Ohio
$26K +$27.5K +830 New
AWM
37
Avior Wealth Management
Nebraska
$25K – – –
IA
38
IFP Advisors
Florida
$15K +$15.7K +473 New
MA
39
Montag & Associates
Georgia
$7K – – –
Carson Wealth (CWM LLC)
40
Carson Wealth (CWM LLC)
Nebraska
$1K – – –
SWM
41
Sugarloaf Wealth Management
Georgia
$40 +$1.09K +33 +3%
LCM
42
Landscape Capital Management
New Jersey
– -$305K -9,348 Closed
Ameriprise
43
Ameriprise
Minnesota
– -$252K -7,725 Closed
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
– -$244K -7,479 Closed
FIA
45
FNY Investment Advisers
New York
– -$40K -1,250 Closed
ASN
46
Advisory Services Network
Georgia
– -$33K -1,017 Closed
NFSG
47
Newbridge Financial Services Group
Florida
– -$16K -480 Closed
PAM
48
Panagora Asset Management
Massachusetts
– -$1K -32 Closed
Fidelity Investments
49
Fidelity Investments
Massachusetts
– +$33 +1 New
1
2

ACV Hedge Fund Activity: Q1 2021 in Review

42 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q1 2021, worth a combined $65.1M — up 3% from $63.2M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new ACV positions and 7 closed out — a net gain of 5 holders — while 10 added to existing stakes and 11 trimmed.

The largest buyer was Karpus Investment Management, opening a new position worth an estimated $3.6M. The largest seller was Cohen & Steers, cutting an estimated $4.44M.

  • 42 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q1 2021, up from 37 in Q4 2020.
  • Funds reported $65.1M of Virtus Diversified Income & Convertible Fund stock for Q1 2021, up 3% quarter-over-quarter.
  • 12 funds opened new Virtus Diversified Income & Convertible Fund positions in Q1 2021 and 7 closed out, a net change of +5 holders.
  • The largest Virtus Diversified Income & Convertible Fund buyer in Q1 2021 was Karpus Investment Management, an estimated $3.6M added.
  • The largest Virtus Diversified Income & Convertible Fund seller in Q1 2021 was Cohen & Steers, an estimated $4.44M sold.

Based on aggregated 13F filings for Q1 2021.