Virtus Diversified Income & Convertible Fund
ACV
20 hedge funds and large institutions have $22.6M invested in Virtus Diversified Income & Convertible Fund in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 4 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
150% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 4
18% more funds holding
Funds holding: 17 → 20 (+3)
0.9% less ownership
Funds ownership: 12.25% → 11.35% (-0.9%)
7% less capital invested
Capital invested by funds: $24.4M → $22.6M (-$1.82M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.19M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$701K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$519K |
| 4 |
Morgan Stanley
New York
|
+$501K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$447K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.35M |
| 2 |
Citigroup
New York
|
-$2.18M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$343K |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$278K |
| 5 |
LPL Financial
San Diego,
California
|
-$242K |
ACV Hedge Fund Activity: Q2 2016 in Review
20 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q2 2016, worth a combined $22.6M — down 7.5% from $24.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ACV positions and 2 closed out — a net gain of 3 holders — while 10 added to existing stakes and 4 trimmed.
The largest buyer was Guggenheim Capital, opening a new position worth an estimated $1.19M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $3.35M sold.
- 20 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q2 2016, up from 17 in Q1 2016.
- Funds reported $22.6M of Virtus Diversified Income & Convertible Fund stock for Q2 2016, down 7.5% quarter-over-quarter.
- 5 funds opened new Virtus Diversified Income & Convertible Fund positions in Q2 2016 and 2 closed out, a net change of +3 holders.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q2 2016 was Guggenheim Capital, an estimated $1.19M added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q2 2016 was Parametric Portfolio Associates, an estimated $3.35M sold.
Based on aggregated 13F filings for Q2 2016.