Virtus Convertible & Income Fund
NCV
58 hedge funds and large institutions have $95.7M invested in Virtus Convertible & Income Fund in 2016 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 10 closing their positions.
40% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 10
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
7% more funds holding
Funds holding: 54 → 58 (+4)
0.08% more ownership
Funds ownership: 4.17% → 4.26% (+0.08%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $99.2M → $95.7M (-$3.53M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.45M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.25M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$1.09M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.05M |
| 5 |
LCM
Laurion Capital Management
New York
|
+$845K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$2.37M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.33M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$1.11M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.07M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$372K |
NCV Hedge Fund Activity: Q4 2016 in Review
58 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2016, worth a combined $95.7M — down 3.6% from $99.2M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NCV positions and 10 closed out — a net gain of 4 holders — while 18 added to existing stakes and 16 trimmed.
The largest buyer was Bank of America, adding an estimated $1.45M. The largest seller was Cohen & Steers, cutting an estimated $2.37M.
- 58 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2016, up from 54 in Q3 2016.
- Funds reported $95.7M of Virtus Convertible & Income Fund stock for Q4 2016, down 3.6% quarter-over-quarter.
- 14 funds opened new Virtus Convertible & Income Fund positions in Q4 2016 and 10 closed out, a net change of +4 holders.
- The largest Virtus Convertible & Income Fund buyer in Q4 2016 was Bank of America, an estimated $1.45M added.
- The largest Virtus Convertible & Income Fund seller in Q4 2016 was Cohen & Steers, an estimated $2.37M sold.
Based on aggregated 13F filings for Q4 2016.