Virtus Diversified Income & Convertible Fund
ACV
20 hedge funds and large institutions have $31.8M invested in Virtus Diversified Income & Convertible Fund in 2017 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 4 closing their positions.
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
5% more funds holding
Funds holding: 19 → 20 (+1)
2.99% less ownership
Funds ownership: 16.01% → 13.01% (-3%)
17% less capital invested
Capital invested by funds: $38.5M → $31.8M (-$6.69M)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.46M |
| 2 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$266K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$252K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$97.9K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$70.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$6.8M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$874K |
| 3 |
LCM
Laurion Capital Management
New York
|
-$843K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$406K |
| 5 |
UR
USCA RIA
Houston,
Texas
|
-$222K |
ACV Hedge Fund Activity: Q4 2017 in Review
20 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q4 2017, worth a combined $31.8M — down 17% from $38.5M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ACV positions and 4 closed out — a net gain of 1 holder — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $1.46M. The largest seller was Guggenheim Capital, exiting entirely with an estimated $6.8M sold.
- 20 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q4 2017, up from 19 in Q3 2017.
- Funds reported $31.8M of Virtus Diversified Income & Convertible Fund stock for Q4 2017, down 17% quarter-over-quarter.
- 5 funds opened new Virtus Diversified Income & Convertible Fund positions in Q4 2017 and 4 closed out, a net change of +1 holder.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q4 2017 was Advisors Asset Management, an estimated $1.46M added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q4 2017 was Guggenheim Capital, an estimated $6.8M sold.
Based on aggregated 13F filings for Q4 2017.