Virtus Convertible & Income Fund
NCV
50 hedge funds and large institutions have $97M invested in Virtus Convertible & Income Fund in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 18 increasing their positions, 10 reducing their positions, and 2 closing their positions.
300% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 2
80% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 10
14% more funds holding
Funds holding: 44 → 50 (+6)
2% more capital invested
Capital invested by funds: $95.2M → $97M (+$1.79M)
0.28% less ownership
Funds ownership: 2.89% → 2.61% (-0.28%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
U
UBS
Zurich,
Switzerland
|
+$2.14M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$988K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$666K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$397K |
| 5 |
Morgan Stanley
New York
|
+$313K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$3.59M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.98M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$1.1M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$156K |
| 5 |
AIG
American International Group
New York
|
-$88K |
NCV Hedge Fund Activity: Q2 2014 in Review
50 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2014, worth a combined $97M — up 1.9% from $95.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NCV positions and 2 closed out — a net gain of 6 holders — while 18 added to existing stakes and 10 trimmed.
The largest buyer was UBS, adding an estimated $2.14M. The largest seller was Cohen & Steers, cutting an estimated $3.59M.
- 50 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2014, up from 44 in Q1 2014.
- Funds reported $97M of Virtus Convertible & Income Fund stock for Q2 2014, up 1.9% quarter-over-quarter.
- 8 funds opened new Virtus Convertible & Income Fund positions in Q2 2014 and 2 closed out, a net change of +6 holders.
- The largest Virtus Convertible & Income Fund buyer in Q2 2014 was UBS, an estimated $2.14M added.
- The largest Virtus Convertible & Income Fund seller in Q2 2014 was Cohen & Steers, an estimated $3.59M sold.
Based on aggregated 13F filings for Q2 2014.