Virtus Diversified Income & Convertible Fund
ACV
27 hedge funds and large institutions have $48.7M invested in Virtus Diversified Income & Convertible Fund in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 6 closing their positions.
6% more capital invested
Capital invested by funds: $45.9M → $48.7M (+$2.8M)
1.44% less ownership
Funds ownership: 21.13% → 19.69% (-1.4%)
7% less funds holding
Funds holding: 29 → 27 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.13M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$501K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$200K |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$196K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$193K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.61M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$968K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$681K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$661K |
| 5 |
LPL Financial
San Diego,
California
|
-$492K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CA
26
Cornerstone Advisors
Asheville,
North Carolina
| $8.43K | -$968K | -43,125 | -99% |
|
27
Comerica Bank
Dallas,
Texas
| $2.73K | +$2.56K | +114 | New |
|
|
SFS
28
Shaker Financial Services
Arlington,
Virginia
| – | -$681K | -32,456 | Closed |
|
|
LCM
29
Landscape Capital Management
Englewood,
New Jersey
| – | -$218K | -10,400 | Closed |
|
|
ASN
30
Advisory Services Network
Atlanta,
Georgia
| – | -$92.5K | -4,408 | Closed |
|
|
BWP
31
Baldwin Wealth Partners
Marion,
Massachusetts
| – | -$42K | -2,000 | Closed |
|
|
FIA
32
FNY Investment Advisers
New York
| – | -$25K | -1,200 | Closed |
|
|
GI
33
Gradient Investments
Arden Hills,
Minnesota
| – | -$3.5K | -167 | Closed |
|
ACV Hedge Fund Activity: Q1 2024 in Review
27 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q1 2024, worth a combined $48.7M — up 6.1% from $45.9M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ACV and 4 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 6 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.13M. The largest seller was Morgan Stanley, cutting an estimated $1.61M.
- 27 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q1 2024, down from 29 in Q4 2023.
- Funds reported $48.7M of Virtus Diversified Income & Convertible Fund stock for Q1 2024, up 6.1% quarter-over-quarter.
- 4 funds opened new Virtus Diversified Income & Convertible Fund positions in Q1 2024 and 6 closed out, a net change of -2 holders.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q1 2024 was Advisors Asset Management, an estimated $1.13M added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q1 2024 was Morgan Stanley, an estimated $1.61M sold.
Based on aggregated 13F filings for Q1 2024.