Virtus Convertible & Income Fund
NCV
51 hedge funds and large institutions have $86.7M invested in Virtus Convertible & Income Fund in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 4 closing their positions.
250% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 4
50% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 12
24% more funds holding
Funds holding: 41 → 51 (+10)
15% more capital invested
Capital invested by funds: $75.6M → $86.7M (+$11M)
0.28% more ownership
Funds ownership: 2.5% → 2.78% (+0.28%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$4.38M |
| 2 |
SG Americas Securities
New York
|
+$1.07M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$904K |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$628K |
| 5 |
IH
IFC Holdings
Tampa,
Florida
|
+$410K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.45M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$226K |
| 3 |
LPL Financial
San Diego,
California
|
-$177K |
| 4 |
CAS
CTC Alternative Strategies
Chicago,
Illinois
|
-$124K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$99K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASN
51
Advisory Services Network
Atlanta,
Georgia
| $1K | +$959 | +25 | New |
|
|
CAS
52
CTC Alternative Strategies
Chicago,
Illinois
| – | -$124K | -3,275 | Closed |
|
|
FAAS
53
First Allied Advisory Services
San Diego,
California
| – | -$99K | -2,665 | Closed |
|
54
Ameriprise
Minneapolis,
Minnesota
| – | -$11K | -294 | Closed |
|
|
TRCT
55
Tower Research Capital (TRC)
New York
| – | -$4K | -111 | Closed |
|
NCV Hedge Fund Activity: Q4 2013 in Review
51 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2013, worth a combined $86.7M — up 15% from $75.6M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NCV positions and 4 closed out — a net gain of 10 holders — while 18 added to existing stakes and 12 trimmed.
The largest buyer was Invesco, opening a new position worth an estimated $4.38M. The largest seller was Morgan Stanley, cutting an estimated $1.45M.
- 51 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2013, up from 41 in Q3 2013.
- Funds reported $86.7M of Virtus Convertible & Income Fund stock for Q4 2013, up 15% quarter-over-quarter.
- 14 funds opened new Virtus Convertible & Income Fund positions in Q4 2013 and 4 closed out, a net change of +10 holders.
- The largest Virtus Convertible & Income Fund buyer in Q4 2013 was Invesco, an estimated $4.38M added.
- The largest Virtus Convertible & Income Fund seller in Q4 2013 was Morgan Stanley, an estimated $1.45M sold.
Based on aggregated 13F filings for Q4 2013.