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ACV

Virtus Diversified Income & Convertible Fund
ACV

23 hedge funds and large institutions have $25.6M invested in Virtus Diversified Income & Convertible Fund in 2015 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 3

200% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 3

176% more capital invested

Capital invested by funds: $9.3M → $25.6M (+$16.3M)

35% more funds holding

Funds holding: 17 → 23 (+6)

7.84% more ownership

Funds ownership: 4.77% → 12.6% (+7.8%)

Holders
23
Holders Change
+6
Holders Change %
+35.29%
% of All Funds
0.6%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
10
Reduced
3
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$3.38M
2
Citigroup
Citigroup
New York
+$2.73M
3
CCP
Clough Capital Partners
Massachusetts
+$1.72M
4
LCM
Landscape Capital Management
New Jersey
+$1.33M
5
Bank of America
Bank of America
North Carolina
+$1.26M

Top Sellers

Rank Fund Capital Flow
1
VKH
Virtu KCG Holdings
New York
-$627K
2
Morgan Stanley
Morgan Stanley
New York
-$199K
3
WAM
Wolverine Asset Management
Illinois
-$79K
4
BFEC
Benjamin F. Edwards & Company
Missouri
-$17K
5
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
-$14K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
1
Rivernorth Capital Management
Florida
$6.35M +$3.38M +185,689 +113%
Bank of America
2
Bank of America
North Carolina
$3.67M +$1.26M +69,321 +52%
Citigroup
3
Citigroup
New York
$2.96M +$2.73M +150,289 +1,182%
PPA
4
Parametric Portfolio Associates
Washington
$1.76M +$1.1M +60,341 +165%
CCP
5
Clough Capital Partners
Massachusetts
$1.71M +$1.72M +94,400 New
LCM
6
Landscape Capital Management
New Jersey
$1.33M +$1.33M +72,995 New
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$1.12M +$935K +51,433 +500%
DA
8
Doliver Advisors
Texas
$1.08M +$1.08M +59,341 New
Wells Fargo
9
Wells Fargo
California
$975K +$621K +34,163 +175%
AAM
10
Advisors Asset Management
Colorado
$820K +$505K +27,794 +160%
LPL Financial
11
LPL Financial
California
$618K +$620K +34,100 New
VKH
12
Virtu KCG Holdings
New York
$606K -$627K -34,493 -51%
Morgan Stanley
13
Morgan Stanley
New York
$598K -$199K -10,949 -25%
MIG
14
Mariner Investment Group
New York
$574K +$575K +31,625 New
Stifel Financial
15
Stifel Financial
Missouri
$339K +$340K +18,680 New
GCP
16
GSA Capital Partners
United Kingdom
$314K +$315K +17,300 New
Squarepoint
17
Squarepoint
New York
$276K +$276K +15,200 New
WS
18
Wedbush Securities
California
$225K +$18.2K +1,000 +9%
UBS Group
19
UBS Group
Switzerland
$188K +$69.7K +3,836 +59%
TDC
20
Thompson Davis & Co
Virginia
$54K – – –
IWMPD
21
Integrated Wealth Management (Palm Desert)
California
$38K +$38K +2,089 New
LTFS
22
Ladenburg Thalmann Financial Services
Florida
$14K +$2.33K +128 +20%
TRCT
23
Tower Research Capital (TRC)
New York
$5K -$2.2K -121 -29%
WAM
24
Wolverine Asset Management
Illinois
– -$79K -4,562 Closed
BFEC
25
Benjamin F. Edwards & Company
Missouri
– -$17K -1,000 Closed
1
2

ACV Hedge Fund Activity: Q4 2015 in Review

23 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q4 2015, worth a combined $25.6M — up 176% from $9.3M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new ACV positions and 3 closed out — a net gain of 6 holders — while 10 added to existing stakes and 3 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $3.38M. The largest seller was Virtu KCG Holdings, cutting an estimated $627K.

  • 23 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q4 2015, up from 17 in Q3 2015.
  • Funds reported $25.6M of Virtus Diversified Income & Convertible Fund stock for Q4 2015, up 176% quarter-over-quarter.
  • 9 funds opened new Virtus Diversified Income & Convertible Fund positions in Q4 2015 and 3 closed out, a net change of +6 holders.
  • The largest Virtus Diversified Income & Convertible Fund buyer in Q4 2015 was Rivernorth Capital Management, an estimated $3.38M added.
  • The largest Virtus Diversified Income & Convertible Fund seller in Q4 2015 was Virtu KCG Holdings, an estimated $627K sold.

Based on aggregated 13F filings for Q4 2015.