Virtus Diversified Income & Convertible Fund
ACV
37 hedge funds and large institutions have $32M invested in Virtus Diversified Income & Convertible Fund in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 5 closing their positions.
160% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 5
19% more funds holding
Funds holding: 31 → 37 (+6)
2.17% more ownership
Funds ownership: 15.09% → 17.25% (+2.2%)
16% less capital invested
Capital invested by funds: $38.3M → $32M (-$6.27M)
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.99M |
| 2 |
Cohen & Steers
New York
|
+$1.3M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.11M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$802K |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$796K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.25M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$614K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$560K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$493K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$341K |
ACV Hedge Fund Activity: Q1 2020 in Review
37 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Virtus Diversified Income & Convertible Fund (ACV) for Q1 2020, worth a combined $32M — down 16% from $38.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new ACV positions and 5 closed out — a net gain of 8 holders — while 6 added to existing stakes and 11 trimmed.
The largest buyer was Matisse Capital, opening a new position worth an estimated $1.99M. The largest seller was Bank of America, cutting an estimated $1.25M.
- 37 institutional investors held Virtus Diversified Income & Convertible Fund (ACV) as of Q1 2020, up from 31 in Q4 2019.
- Funds reported $32M of Virtus Diversified Income & Convertible Fund stock for Q1 2020, down 16% quarter-over-quarter.
- 13 funds opened new Virtus Diversified Income & Convertible Fund positions in Q1 2020 and 5 closed out, a net change of +8 holders.
- The largest Virtus Diversified Income & Convertible Fund buyer in Q1 2020 was Matisse Capital, an estimated $1.99M added.
- The largest Virtus Diversified Income & Convertible Fund seller in Q1 2020 was Bank of America, an estimated $1.25M sold.
Based on aggregated 13F filings for Q1 2020.