Virtus Diversified Income & Convertible Fund
ACV
17 hedge funds and large institutions have $24.4M invested in Virtus Diversified Income & Convertible Fund in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 9 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
0.35% less ownership
Funds ownership: 12.6% → 12.25% (-0.35%)
5% less capital invested
Capital invested by funds: $25.6M → $24.4M (-$1.22M)
26% less funds holding
Funds holding: 23 → 17 (-6)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.51M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.1M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$995K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$651K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$299K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.71M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.33M |
| 3 |
VKH
Virtu KCG Holdings
New York
|
-$606K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$574K |
| 5 |
Citigroup
New York
|
-$461K |
ACV Hedge Fund Activity: Q1 2016 in Review
17 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q1 2016, worth a combined $24.4M — down 4.7% from $25.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of ACV and 3 opened new positions — a net loss of 6 holders — while 4 trimmed existing stakes and 9 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $1.51M. The largest seller was Clough Capital Partners, exiting entirely with an estimated $1.71M sold.
- 17 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q1 2016, down from 23 in Q4 2015.
- Funds reported $24.4M of Virtus Diversified Income & Convertible Fund stock for Q1 2016, down 4.7% quarter-over-quarter.
- 3 funds opened new Virtus Diversified Income & Convertible Fund positions in Q1 2016 and 9 closed out, a net change of -6 holders.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q1 2016 was Parametric Portfolio Associates, an estimated $1.51M added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q1 2016 was Clough Capital Partners, an estimated $1.71M sold.
Based on aggregated 13F filings for Q1 2016.