Virtus Diversified Income & Convertible Fund
ACV
24 hedge funds and large institutions have $37M invested in Virtus Diversified Income & Convertible Fund in 2018 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
42% more capital inflows, than outflows
Capital inflows: $6.44M | Capital outflows: $4.55M
14% more funds holding
Funds holding: 21 → 24 (+3)
0.84% more ownership
Funds ownership: 18.52% → 19.36% (+0.84%)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Asset Management
Chicago,
Illinois
|
+$1.84M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.51M |
| 3 |
Davenport & Co
Richmond,
Virginia
|
+$827K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$801K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$517K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.49M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
-$1.4M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.01M |
| 4 |
Private Advisor Group
Morristown,
New Jersey
|
-$266K |
| 5 |
Advisors Asset Management
Monument,
Colorado
|
-$249K |
ACV Hedge Fund Activity: Q4 2018 in Review
24 of the 4,506 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q4 2018, worth a combined $37M — down 22% from $47.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new ACV positions and 3 closed out — a net gain of 4 holders — while 6 added to existing stakes and 8 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $1.84M. The largest seller was Invesco, cutting an estimated $1.49M.
- 24 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q4 2018, up from 21 in Q3 2018.
- Funds reported $37M of Virtus Diversified Income & Convertible Fund stock for Q4 2018, down 22% quarter-over-quarter.
- 7 funds opened new Virtus Diversified Income & Convertible Fund positions in Q4 2018 and 3 closed out, a net change of +4 holders.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q4 2018 was Wolverine Asset Management, an estimated $1.84M added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q4 2018 was Invesco, an estimated $1.49M sold.
Based on aggregated 13F filings for Q4 2018.