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NCV

Virtus Convertible & Income Fund
NCV

94 hedge funds and large institutions have $54.4M invested in Virtus Convertible & Income Fund in 2023 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 26 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

12% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 26

0% more funds holding

Funds holding: 94 → 94 (0)

0.17% less ownership

Funds ownership: 4.7% → 4.53% (-0.17%)

6% less capital invested

Capital invested by funds: $57.7M → $54.4M (-$3.32M)

Holders
94
Holders Change
–
Holders Change %
0%
% of All Funds
1.5%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
29
Reduced
26
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$881K
2
AAM
Advisors Asset Management
Colorado
+$507K
3
WAM
WNY Asset Management
New York
+$373K
4
JP Morgan Chase
JP Morgan Chase
New York
+$220K
5
Walleye Capital
Walleye Capital
New York
+$200K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.66M
2
Bank of America
Bank of America
North Carolina
-$1.2M
3
LSC
Logan Stone Capital
Illinois
-$284K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$236K
5
LPL Financial
LPL Financial
California
-$167K
Name Holding Trade Value Shares
Change 		Change in
Stake
EGA
26
E&G Advisors
Texas
$247K +$2.93K +200 +1%
PFG
27
Prosperity Financial Group
California
$246K -$9.86K -674 -4%
SIMG
28
Sonora Investment Management Group
Arizona
$244K – – –
JP Morgan Chase
29
JP Morgan Chase
New York
$203K +$220K +15,050 New
WAM
30
Wolverine Asset Management
Illinois
$201K +$153K +10,437 +230%
Stifel Financial
31
Stifel Financial
Missouri
$201K +$8.84K +604 +4%
Walleye Capital
32
Walleye Capital
New York
$184K +$200K +13,697 New
JPLA
33
Joseph P. Lucia & Associates
New York
$180K – – –
AWS
34
Atria Wealth Solutions
New York
$172K -$6.09K -416 -3%
CPC
35
Congress Park Capital
New York
$168K +$183K +12,500 New
MC
36
Moors & Cabot
Massachusetts
$167K – – –
ICMP
37
Integrated Capital Management (Pennsylvania)
Pennsylvania
$166K +$34.7K +2,370 +21%
Invesco
38
Invesco
Georgia
$160K +$4.4K +301 +3%
WS
39
Wedbush Securities
California
$157K +$702 +48 +0.4%
ASN
40
Advisory Services Network
Georgia
$149K +$2.25K +154 +1%
MWM
41
Melfa Wealth Management
Massachusetts
$122K -$119K -8,125 -47%
GSIAS
42
Garden State Investment Advisory Services
New Jersey
$99.5K -$1.73K -118 -2%
IWC
43
Integrated Wealth Concepts
Massachusetts
$90K – – –
SBIA
44
Sheaff Brock Investment Advisors
Indiana
$87.8K +$2.55K +174 +3%
LWM
45
Liberty Wealth Management
California
$86.7K +$94.3K +6,448 New
RJFSA
46
Raymond James Financial Services Advisors
Florida
$85.9K +$11.4K +776 +14%
OA
47
Oxbow Advisors
Texas
$77.2K – – –
AWM
48
Axxcess Wealth Management
California
$77K – – –
CF
49
Centaurus Financial
California
$77K +$3.2K +219 +4%
Mariner
50
Mariner
Kansas
$76K -$20K -1,368 -19%
1
2
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NCV Hedge Fund Activity: Q1 2023 in Review

94 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q1 2023, worth a combined $54.4M — down 5.7% from $57.7M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NCV positions and 9 closed out — a net gain of 4 holders — while 29 added to existing stakes and 26 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $881K. The largest seller was Guggenheim Capital, cutting an estimated $1.66M.

  • 94 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $54.4M of Virtus Convertible & Income Fund stock for Q1 2023, down 5.7% quarter-over-quarter.
  • 13 funds opened new Virtus Convertible & Income Fund positions in Q1 2023 and 9 closed out, a net change of +4 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q1 2023 was Morgan Stanley, an estimated $881K added.
  • The largest Virtus Convertible & Income Fund seller in Q1 2023 was Guggenheim Capital, an estimated $1.66M sold.

Based on aggregated 13F filings for Q1 2023.