Virtus Convertible & Income Fund
NCV
70 hedge funds and large institutions have $90.6M invested in Virtus Convertible & Income Fund in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 11 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
0.2% more ownership
Funds ownership: 4.78% → 4.98% (+0.2%)
0% more funds holding
Funds holding: 70 → 70 (0)
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
3% less capital invested
Capital invested by funds: $93M → $90.6M (-$2.46M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$5.87M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$5.4M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$2.91M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.42M |
| 5 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$6.9M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
-$6.36M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.13M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$857K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$747K |
NCV Hedge Fund Activity: Q1 2016 in Review
70 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q1 2016, worth a combined $90.6M — down 2.6% from $93M a quarter earlier.
Fund positioning in NCV was balanced in Q1 2016: 11 funds opened new positions, 11 closed out, 23 added to existing stakes and 20 trimmed.
The largest buyer was Vident Investment Advisory, opening a new position worth an estimated $5.87M. The largest seller was Landscape Capital Management, cutting an estimated $6.9M.
- 70 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q1 2016, unchanged from Q4 2015.
- Funds reported $90.6M of Virtus Convertible & Income Fund stock for Q1 2016, down 2.6% quarter-over-quarter.
- 11 funds opened new Virtus Convertible & Income Fund positions in Q1 2016 and 11 closed out, a net change of 0 holders.
- The largest Virtus Convertible & Income Fund buyer in Q1 2016 was Vident Investment Advisory, an estimated $5.87M added.
- The largest Virtus Convertible & Income Fund seller in Q1 2016 was Landscape Capital Management, an estimated $6.9M sold.
Based on aggregated 13F filings for Q1 2016.