Virtus Diversified Income & Convertible Fund
ACV
22 hedge funds and large institutions have $32.8M invested in Virtus Diversified Income & Convertible Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 12 increasing their positions, 4 reducing their positions, and 5 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 4
24% more capital invested
Capital invested by funds: $26.4M → $32.8M (+$6.39M)
1.68% more ownership
Funds ownership: 12.72% → 14.39% (+1.7%)
12% less funds holding
Funds holding: 25 → 22 (-3)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.25M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.12M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$823K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$544K |
| 5 |
LPL Financial
San Diego,
California
|
+$532K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$698K |
| 2 |
Citigroup
New York
|
-$359K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$241K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$209K |
| 5 |
Morgan Stanley
New York
|
-$89.6K |
ACV Hedge Fund Activity: Q1 2017 in Review
22 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q1 2017, worth a combined $32.8M — up 24% from $26.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of ACV and 3 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 12 added.
The largest buyer was Advisors Asset Management, adding an estimated $1.25M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $698K sold.
- 22 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q1 2017, down from 25 in Q4 2016.
- Funds reported $32.8M of Virtus Diversified Income & Convertible Fund stock for Q1 2017, up 24% quarter-over-quarter.
- 3 funds opened new Virtus Diversified Income & Convertible Fund positions in Q1 2017 and 5 closed out, a net change of -2 holders.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q1 2017 was Advisors Asset Management, an estimated $1.25M added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q1 2017 was Laurion Capital Management, an estimated $698K sold.
Based on aggregated 13F filings for Q1 2017.