Virtus Convertible & Income Fund
NCV
44 hedge funds and large institutions have $95.2M invested in Virtus Convertible & Income Fund in 2014 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 10 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
10% more capital invested
Capital invested by funds: $86.7M → $95.2M (+$8.5M)
0.11% more ownership
Funds ownership: 2.78% → 2.89% (+0.11%)
14% less funds holding
Funds holding: 51 → 44 (-7)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IH
IFC Holdings
Tampa,
Florida
|
+$2.18M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$1.88M |
| 3 |
LPL Financial
San Diego,
California
|
+$970K |
| 4 |
Morgan Stanley
New York
|
+$572K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
+$468K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
-$1.08M |
| 2 |
Cohen & Steers
New York
|
-$1.06M |
| 3 |
B
Baird
Milwaukee,
Wisconsin
|
-$568K |
| 4 |
AIG
American International Group
New York
|
-$194K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$174K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PTCG
51
Pring Turner Capital Group
Alamo,
California
| – | -$46K | -1,175 | Closed |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$27K | -687 | Closed |
|
53
Nomura Holdings
Tokyo,
Japan
| – | -$7K | -175 | Closed |
|
|
ASN
54
Advisory Services Network
Atlanta,
Georgia
| – | -$1K | -25 | Closed |
|
NCV Hedge Fund Activity: Q1 2014 in Review
44 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q1 2014, worth a combined $95.2M — up 9.8% from $86.7M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NCV and 3 opened new positions — a net loss of 7 holders — while 11 trimmed existing stakes and 17 added.
The largest buyer was IFC Holdings, adding an estimated $2.18M. The largest seller was SG Americas Securities, exiting entirely with an estimated $1.08M sold.
- 44 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q1 2014, down from 51 in Q4 2013.
- Funds reported $95.2M of Virtus Convertible & Income Fund stock for Q1 2014, up 9.8% quarter-over-quarter.
- 3 funds opened new Virtus Convertible & Income Fund positions in Q1 2014 and 10 closed out, a net change of -7 holders.
- The largest Virtus Convertible & Income Fund buyer in Q1 2014 was IFC Holdings, an estimated $2.18M added.
- The largest Virtus Convertible & Income Fund seller in Q1 2014 was SG Americas Securities, an estimated $1.08M sold.
Based on aggregated 13F filings for Q1 2014.