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NCV

Virtus Convertible & Income Fund
NCV

59 hedge funds and large institutions have $67.1M invested in Virtus Convertible & Income Fund in 2015 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 22 increasing their positions, 12 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 8

83% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 12

18% more funds holding

Funds holding: 50 → 59 (+9)

0.5% more ownership

Funds ownership: 2.78% → 3.28% (+0.5%)

15% less capital invested

Capital invested by funds: $79.4M → $67.1M (-$12.2M)

Holders
59
Holders Change
+9
Holders Change %
+18%
% of All Funds
1.65%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
17
Increased
22
Reduced
12
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$4.49M
2
GC
Guggenheim Capital
Illinois
+$3.74M
3
DA
Doliver Advisors
Texas
+$2.73M
4
PPA
Parametric Portfolio Associates
Washington
+$2.36M
5
CA
Cornerstone Advisors
North Carolina
+$2.14M

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$6.52M
2
IH
IFC Holdings
Florida
-$3.21M
3
UBS Group
UBS Group
Switzerland
-$1.8M
4
OA
Oxbow Advisors
Texas
-$1.19M
5
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$1.01M
Name Holding Trade Value Shares
Change 		Change in
Stake
LYV
51
Live Your Vision
Pennsylvania
$15K +$17.9K +625 New
TRCT
52
Tower Research Capital (TRC)
New York
$12K -$70.7K -2,467 -83%
NSIM
53
North Star Investment Management
Illinois
$8K – – –
DBT
54
Dubuque Bank & Trust
Iowa
$7K +$86 +3 +1%
BFEC
55
Benjamin F. Edwards & Company
Missouri
$6K -$261K -9,122 -97%
DADC
56
D.A. Davidson & Co
Montana
$2K +$86 +3 +3%
WCM
57
Windsor Capital Management
Arizona
$2K +$3.58K +125 New
PSUF
58
People's United Financial
Connecticut
$1K – – –
IH
59
IFC Holdings
Florida
– -$3.21M -100,005 Closed
Cambridge Investment Research Advisors
60
Cambridge Investment Research Advisors
Iowa
– -$1.01M -30,974 Closed
CAN
61
Cetera Advisor Networks
California
– -$230K -6,327 Closed
Northern Trust
62
Northern Trust
Illinois
– -$168K -5,173 Closed
HW
63
Hedeker Wealth
Illinois
– -$27K -850 Closed
SSG
64
Summit Securities Group
New York
– -$15K -450 Closed
WA
65
WFG Advisors
Texas
– -$8.74K -305 -100%
CTB
66
Country Trust Bank
Illinois
– -$6K -175 Closed
AGM
67
Alpine Global Management
New York
– -$3K -101 Closed
1 2
3

NCV Hedge Fund Activity: Q3 2015 in Review

59 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2015, worth a combined $67.1M — down 15% from $79.4M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new NCV positions and 8 closed out — a net gain of 9 holders — while 22 added to existing stakes and 12 trimmed.

The largest buyer was Wells Fargo, adding an estimated $4.49M. The largest seller was LPL Financial, cutting an estimated $6.52M.

  • 59 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2015, up from 50 in Q2 2015.
  • Funds reported $67.1M of Virtus Convertible & Income Fund stock for Q3 2015, down 15% quarter-over-quarter.
  • 17 funds opened new Virtus Convertible & Income Fund positions in Q3 2015 and 8 closed out, a net change of +9 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q3 2015 was Wells Fargo, an estimated $4.49M added.
  • The largest Virtus Convertible & Income Fund seller in Q3 2015 was LPL Financial, an estimated $6.52M sold.

Based on aggregated 13F filings for Q3 2015.