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NCV

Virtus Convertible & Income Fund
NCV

101 hedge funds and large institutions have $90.4M invested in Virtus Convertible & Income Fund in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 34 increasing their positions, 25 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 12

43% more capital invested

Capital invested by funds: $63.4M → $90.4M (+$27M)

36% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 25

10% more funds holding

Funds holding: 92 → 101 (+9)

1.78% more ownership

Funds ownership: 5.64% → 7.42% (+1.8%)

Holders
101
Holders Change
+9
Holders Change %
+9.78%
% of All Funds
1.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
23
Increased
34
Reduced
25
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$22M
2
CPC
Congress Park Capital
New York
+$2.16M
3
Ameriprise
Ameriprise
Minnesota
+$1.04M
4
LCM
Landscape Capital Management
New Jersey
+$932K
5
CA
Cornerstone Advisors
North Carolina
+$731K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$7.38M
2
HBCM
Heron Bay Capital Management
Michigan
-$1.56M
3
Comerica Bank
Comerica Bank
Texas
-$1.07M
4
Bank of America
Bank of America
North Carolina
-$687K
5
LSC
Logan Stone Capital
Illinois
-$504K
Name Holding Trade Value Shares
Change 		Change in
Stake
Rockefeller Capital Management
26
Rockefeller Capital Management
New York
$405K +$18.5K +1,479 +5%
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$388K +$16.1K +1,283 +5%
HighTower Advisors
28
HighTower Advisors
Illinois
$317K +$236K +18,881 +418%
Thrivent Financial for Lutherans
29
Thrivent Financial for Lutherans
Minnesota
$304K – – –
BRWA
30
B. Riley Wealth Advisors
Florida
$272K -$1.06K -85 -0.4%
Wells Fargo
31
Wells Fargo
California
$264K -$39.3K -3,137 -14%
WAM
32
Weiss Asset Management
Massachusetts
$254K +$236K +18,862 New
WS
33
Wedbush Securities
California
$230K +$65.2K +5,206 +44%
CA
34
CoreCap Advisors
Michigan
$220K +$72K +5,750 +55%
WAM
35
Wolverine Asset Management
Illinois
$218K -$179K -14,281 -47%
AAM
36
Advisors Asset Management
Colorado
$210K -$7.38M -589,587 -97%
Cambridge Investment Research Advisors
37
Cambridge Investment Research Advisors
Iowa
$205K -$17.7K -1,410 -8%
PFG
38
Prosperity Financial Group
California
$202K +$3.23K +258 +2%
EGA
39
E&G Advisors
Texas
$200K -$33.8K -2,700 -15%
UBS Group
40
UBS Group
Switzerland
$181K -$27.2K -2,171 -14%
ICMP
41
Integrated Capital Management (Pennsylvania)
Pennsylvania
$180K -$6.29K -502 -4%
Mariner
42
Mariner
Kansas
$176K +$21.3K +1,697 +15%
Stifel Financial
43
Stifel Financial
Missouri
$163K -$38.8K -3,100 -20%
BFM
44
Boothbay Fund Management
New York
$152K – – –
CAS
45
CTC Alternative Strategies
Illinois
$145K +$135K +10,769 New
JPLA
46
Joseph P. Lucia & Associates
New York
$137K – – –
MWM
47
Melfa Wealth Management
Massachusetts
$122K – – –
SIMG
48
Sonora Investment Management Group
Arizona
$110K – – –
ASN
49
Advisory Services Network
Georgia
$107K -$24.8K -1,977 -20%
GSIAS
50
Garden State Investment Advisory Services
New Jersey
$101K +$288 +23 +0.3%
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NCV Hedge Fund Activity: Q4 2023 in Review

101 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2023, worth a combined $90.4M — up 43% from $63.4M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NCV positions and 12 closed out — a net gain of 11 holders — while 34 added to existing stakes and 25 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $22M. The largest seller was Advisors Asset Management, cutting an estimated $7.38M.

  • 101 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2023, up from 92 in Q3 2023.
  • Funds reported $90.4M of Virtus Convertible & Income Fund stock for Q4 2023, up 43% quarter-over-quarter.
  • 23 funds opened new Virtus Convertible & Income Fund positions in Q4 2023 and 12 closed out, a net change of +11 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $22M added.
  • The largest Virtus Convertible & Income Fund seller in Q4 2023 was Advisors Asset Management, an estimated $7.38M sold.

Based on aggregated 13F filings for Q4 2023.