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ACV

Virtus Diversified Income & Convertible Fund
ACV

17 hedge funds and large institutions have $9.3M invested in Virtus Diversified Income & Convertible Fund in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 4 increasing their positions, 1 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

1,597% more capital invested

Capital invested by funds: $548K → $9.3M (+$8.75M)

300% more repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 1

143% more funds holding

Funds holding: 7 → 17 (+10)

4.56% more ownership

Funds ownership: 0.2% → 4.77% (+4.6%)

Holders
17
Holders Change
+10
Holders Change %
+142.86%
% of All Funds
0.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
4
Reduced
1
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$3.3M
2
Bank of America
Bank of America
North Carolina
+$2.55M
3
VKH
Virtu KCG Holdings
New York
+$1.36M
4
Morgan Stanley
Morgan Stanley
New York
+$880K
5
PPA
Parametric Portfolio Associates
Washington
+$735K

Top Sellers

Rank Fund Capital Flow
1
TRCT
Tower Research Capital (TRC)
New York
-$106K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$2.86M +$3.3M +164,164 New
Bank of America
2
Bank of America
North Carolina
$2.32M +$2.55M +127,043 +2,135%
VKH
3
Virtu KCG Holdings
New York
$1.18M +$1.36M +67,878 New
Morgan Stanley
4
Morgan Stanley
New York
$764K +$880K +43,845 New
PPA
5
Parametric Portfolio Associates
Washington
$638K +$735K +36,591 New
Wells Fargo
6
Wells Fargo
California
$341K +$373K +18,556 +1,856%
AAM
7
Advisors Asset Management
Colorado
$302K +$348K +17,339 New
Citigroup
8
Citigroup
New York
$221K +$255K +12,712 New
WS
9
Wedbush Securities
California
$199K +$229K +11,415 New
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$179K +$158K +7,888 +329%
UBS Group
11
UBS Group
Switzerland
$113K +$55.1K +2,743 +73%
WAM
12
Wolverine Asset Management
Illinois
$79K +$91.6K +4,562 New
TDC
13
Thompson Davis & Co
Virginia
$52K – – –
BFEC
14
Benjamin F. Edwards & Company
Missouri
$17K – – –
Northwestern Mutual Wealth Management
15
Northwestern Mutual Wealth Management
Wisconsin
$14K +$16.1K +800 New
LTFS
16
Ladenburg Thalmann Financial Services
Florida
$11K +$12.7K +632 New
TRCT
17
Tower Research Capital (TRC)
New York
$7K -$106K -5,305 -93%

ACV Hedge Fund Activity: Q3 2015 in Review

17 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q3 2015, worth a combined $9.3M — up 1,597% from $548K a quarter earlier.

Buyers outnumbered sellers: 10 funds opened new ACV positions and 0 closed out — a net gain of 10 holders — while 4 added to existing stakes and 1 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $3.3M. The largest seller was Tower Research Capital (TRC), cutting an estimated $106K.

  • 17 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q3 2015, up from 7 in Q2 2015.
  • Funds reported $9.3M of Virtus Diversified Income & Convertible Fund stock for Q3 2015, up 1,597% quarter-over-quarter.
  • 10 funds opened new Virtus Diversified Income & Convertible Fund positions in Q3 2015 and 0 closed out, a net change of +10 holders.
  • The largest Virtus Diversified Income & Convertible Fund buyer in Q3 2015 was Rivernorth Capital Management, an estimated $3.3M added.
  • The largest Virtus Diversified Income & Convertible Fund seller in Q3 2015 was Tower Research Capital (TRC), an estimated $106K sold.

Based on aggregated 13F filings for Q3 2015.