Virtus Convertible & Income Fund
NCV
65 hedge funds and large institutions have $83.9M invested in Virtus Convertible & Income Fund in 2017 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 5 closing their positions.
300% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 5
30% more funds holding
Funds holding: 50 → 65 (+15)
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
8% more capital invested
Capital invested by funds: $77.7M → $83.9M (+$6.15M)
0.28% more ownership
Funds ownership: 3.11% → 3.39% (+0.28%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.36M |
| 2 |
SIM
Sonora Investment Management
Tucson,
Arizona
|
+$646K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$589K |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$392K |
| 5 |
LPL Financial
San Diego,
California
|
+$283K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$767K |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$433K |
| 3 |
NPC
National Planning Corporation
El Segundo,
California
|
-$326K |
| 4 |
YP
Yellowstone Partners
Idaho Falls,
Idaho
|
-$139K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$131K |
NCV Hedge Fund Activity: Q4 2017 in Review
65 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2017, worth a combined $83.9M — up 7.9% from $77.7M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new NCV positions and 5 closed out — a net gain of 15 holders — while 18 added to existing stakes and 15 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $5.36M. The largest seller was Wells Fargo, cutting an estimated $767K.
- 65 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2017, up from 50 in Q3 2017.
- Funds reported $83.9M of Virtus Convertible & Income Fund stock for Q4 2017, up 7.9% quarter-over-quarter.
- 20 funds opened new Virtus Convertible & Income Fund positions in Q4 2017 and 5 closed out, a net change of +15 holders.
- The largest Virtus Convertible & Income Fund buyer in Q4 2017 was Morgan Stanley, an estimated $5.36M added.
- The largest Virtus Convertible & Income Fund seller in Q4 2017 was Wells Fargo, an estimated $767K sold.
Based on aggregated 13F filings for Q4 2017.