Virtus Convertible & Income Fund
NCV
92 hedge funds and large institutions have $63.1M invested in Virtus Convertible & Income Fund in 2023 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 16 closing their positions.
16% more capital invested
Capital invested by funds: $54.4M → $63.1M (+$8.65M)
0.48% more ownership
Funds ownership: 4.53% → 5.01% (+0.48%)
8% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 26
2% less funds holding
Funds holding: 94 → 92 (-2)
13% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$5.59M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.05M |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$500K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$431K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$393K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.09M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$963K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$936K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$349K |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$217K |
NCV Hedge Fund Activity: Q2 2023 in Review
92 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2023, worth a combined $63.1M — up 16% from $54.4M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NCV and 14 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 24 added.
The largest buyer was Morgan Stanley, adding an estimated $5.59M. The largest seller was Guggenheim Capital, cutting an estimated $1.09M.
- 92 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2023, down from 94 in Q1 2023.
- Funds reported $63.1M of Virtus Convertible & Income Fund stock for Q2 2023, up 16% quarter-over-quarter.
- 14 funds opened new Virtus Convertible & Income Fund positions in Q2 2023 and 16 closed out, a net change of -2 holders.
- The largest Virtus Convertible & Income Fund buyer in Q2 2023 was Morgan Stanley, an estimated $5.59M added.
- The largest Virtus Convertible & Income Fund seller in Q2 2023 was Guggenheim Capital, an estimated $1.09M sold.
Based on aggregated 13F filings for Q2 2023.