Virtus Convertible & Income Fund
NCV
45 hedge funds and large institutions have $84.7M invested in Virtus Convertible & Income Fund in 2015 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 15 reducing their positions, and 10 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 15
0.13% less ownership
Funds ownership: 2.8% → 2.67% (-0.13%)
8% less capital invested
Capital invested by funds: $92.2M → $84.7M (-$7.58M)
10% less funds holding
Funds holding: 50 → 45 (-5)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$2.52M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$343K |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$300K |
| 4 |
AIG
American International Group
New York
|
+$183K |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$164K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2M |
| 2 |
LPL Financial
San Diego,
California
|
-$1.7M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.23M |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
-$1.04M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$775K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFG
51
CKW Financial Group
Honolulu,
Hawaii
| – | -$15K | -394 | Closed |
|
52
US Bancorp
Minneapolis,
Minnesota
| – | -$13K | -348 | Closed |
|
53
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$9K | -250 | Closed |
|
|
LFR
54
Lehman Financial Resources
Media,
Pennsylvania
| – | -$9K | -238 | Closed |
|
|
TCM
55
Tradewinds Capital Management
Bellingham,
Washington
| – | -$6K | -169 | Closed |
|
NCV Hedge Fund Activity: Q1 2015 in Review
45 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q1 2015, worth a combined $84.7M — down 8.2% from $92.2M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NCV and 5 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 17 added.
The largest buyer was UBS Group, adding an estimated $2.52M. The largest seller was Guggenheim Capital, cutting an estimated $2M.
- 45 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q1 2015, down from 50 in Q4 2014.
- Funds reported $84.7M of Virtus Convertible & Income Fund stock for Q1 2015, down 8.2% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income Fund positions in Q1 2015 and 10 closed out, a net change of -5 holders.
- The largest Virtus Convertible & Income Fund buyer in Q1 2015 was UBS Group, an estimated $2.52M added.
- The largest Virtus Convertible & Income Fund seller in Q1 2015 was Guggenheim Capital, an estimated $2M sold.
Based on aggregated 13F filings for Q1 2015.