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NCV

Virtus Convertible & Income Fund
NCV

50 hedge funds and large institutions have $77.7M invested in Virtus Convertible & Income Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.27% less ownership

Funds ownership: 3.38% → 3.11% (-0.27%)

6% less capital invested

Capital invested by funds: $83M → $77.7M (-$5.28M)

9% less funds holding

Funds holding: 55 → 50 (-5)

16% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 19

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

Holders
50
Holders Change
-5
Holders Change %
-9.09%
% of All Funds
1.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
16
Reduced
19
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$852K
2
LTFS
Ladenburg Thalmann Financial Services
Florida
+$250K
3
Morgan Stanley
Morgan Stanley
New York
+$200K
4
VIA
Vident Investment Advisory
Georgia
+$198K
5
IA
IFP Advisors
Florida
+$140K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$4.99M
2
Cohen & Steers
Cohen & Steers
New York
-$761K
3
SIM
Sonora Investment Management
Arizona
-$643K
4
Bank of America
Bank of America
North Carolina
-$542K
5
Invesco
Invesco
Georgia
-$371K
Name Holding Trade Value Shares
Change 		Change in
Stake
IP
26
Intellectus Partners
California
$210K -$52.7K -1,870 -20%
Creative Planning
27
Creative Planning
Kansas
$189K -$15.9K -564 -8%
RJA
28
Raymond James & Associates
Florida
$189K -$760 -27 -0.4%
GLA
29
Good Life Advisors
Pennsylvania
$184K – – –
NFG
30
Next Financial Group
Texas
$172K +$10.4K +370 +7%
LPL Financial
31
LPL Financial
California
$159K -$1.66K -59 -1%
Stifel Financial
32
Stifel Financial
Missouri
$143K -$9.35K -332 -6%
YP
33
Yellowstone Partners
Idaho
$139K +$138K +4,893 New
SBIA
34
Sheaff Brock Investment Advisors
Indiana
$120K +$119K +4,231 New
CDH
35
Charles D. Hyman
$95K – – –
PAG
36
Private Advisor Group
New Jersey
$91K +$9.15K +325 +11%
BRWA
37
B. Riley Wealth Advisors
Florida
$84K +$5.35K +190 +7%
SC
38
Stratford Consulting
Texas
$72K – – –
VF
39
Virtu Financial
New York
$72K +$71K +2,520 New
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$51K +$84 +3 +0.2%
FDCDDQ
41
Federation des caisses Desjardins du Quebec
Quebec, Canada
$34.8K – – –
GWM
42
Geneos Wealth Management
Colorado
$30K – – –
VFA
43
Valeo Financial Advisors
Indiana
$28K +$28.2K +1,000 New
Citigroup
44
Citigroup
New York
$16K – – –
Manulife (Manufacturers Life Insurance)
45
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$11K – – –
NSIM
46
North Star Investment Management
Illinois
$9K – – –
CFA
47
Carroll Financial Associates
North Carolina
$7K – – –
SIA
48
Sit Investment Associates
Minnesota
$6K -$4.99M -177,247 -100%
SIM
49
Sonora Investment Management
Arizona
– -$643K -23,067 Closed
DA
50
Doliver Advisors
Texas
– -$315K -11,286 Closed
1
2
3

NCV Hedge Fund Activity: Q3 2017 in Review

50 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2017, worth a combined $77.7M — down 6.4% from $83M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of NCV and 4 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 16 added.

The largest buyer was Guggenheim Capital, adding an estimated $852K. The largest seller was Sit Investment Associates, cutting an estimated $4.99M.

  • 50 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2017, down from 55 in Q2 2017.
  • Funds reported $77.7M of Virtus Convertible & Income Fund stock for Q3 2017, down 6.4% quarter-over-quarter.
  • 4 funds opened new Virtus Convertible & Income Fund positions in Q3 2017 and 9 closed out, a net change of -5 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q3 2017 was Guggenheim Capital, an estimated $852K added.
  • The largest Virtus Convertible & Income Fund seller in Q3 2017 was Sit Investment Associates, an estimated $4.99M sold.

Based on aggregated 13F filings for Q3 2017.