Virtus Convertible & Income Fund
NCV
59 hedge funds and large institutions have $67.1M invested in Virtus Convertible & Income Fund in 2015 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 22 increasing their positions, 12 reducing their positions, and 8 closing their positions.
113% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 8
83% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 12
18% more funds holding
Funds holding: 50 → 59 (+9)
0.5% more ownership
Funds ownership: 2.78% → 3.28% (+0.5%)
15% less capital invested
Capital invested by funds: $79.4M → $67.1M (-$12.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.49M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$3.74M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$2.73M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.36M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$2.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$6.52M |
| 2 |
IH
IFC Holdings
Tampa,
Florida
|
-$3.21M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$1.8M |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
-$1.19M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.01M |
NCV Hedge Fund Activity: Q3 2015 in Review
59 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2015, worth a combined $67.1M — down 15% from $79.4M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NCV positions and 8 closed out — a net gain of 9 holders — while 22 added to existing stakes and 12 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.49M. The largest seller was LPL Financial, cutting an estimated $6.52M.
- 59 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2015, up from 50 in Q2 2015.
- Funds reported $67.1M of Virtus Convertible & Income Fund stock for Q3 2015, down 15% quarter-over-quarter.
- 17 funds opened new Virtus Convertible & Income Fund positions in Q3 2015 and 8 closed out, a net change of +9 holders.
- The largest Virtus Convertible & Income Fund buyer in Q3 2015 was Wells Fargo, an estimated $4.49M added.
- The largest Virtus Convertible & Income Fund seller in Q3 2015 was LPL Financial, an estimated $6.52M sold.
Based on aggregated 13F filings for Q3 2015.