Virtus Diversified Income & Convertible Fund
ACV
19 hedge funds and large institutions have $38.5M invested in Virtus Diversified Income & Convertible Fund in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 9 increasing their positions, 6 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 6
7% more capital invested
Capital invested by funds: $36M → $38.5M (+$2.52M)
0.67% more ownership
Funds ownership: 15.34% → 16.01% (+0.67%)
17% less funds holding
Funds holding: 23 → 19 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.49M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.77M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$1.17M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$865K |
| 5 |
LCM
Laurion Capital Management
New York
|
+$834K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.46M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$583K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$89K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$84K |
ACV Hedge Fund Activity: Q3 2017 in Review
19 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q3 2017, worth a combined $38.5M — up 7% from $36M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ACV and 2 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 9 added.
The largest buyer was Advisors Asset Management, adding an estimated $2.49M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $3.46M sold.
- 19 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q3 2017, down from 23 in Q2 2017.
- Funds reported $38.5M of Virtus Diversified Income & Convertible Fund stock for Q3 2017, up 7% quarter-over-quarter.
- 2 funds opened new Virtus Diversified Income & Convertible Fund positions in Q3 2017 and 6 closed out, a net change of -4 holders.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q3 2017 was Advisors Asset Management, an estimated $2.49M added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q3 2017 was Rivernorth Capital Management, an estimated $3.46M sold.
Based on aggregated 13F filings for Q3 2017.