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NCV

Virtus Convertible & Income Fund
NCV

58 hedge funds and large institutions have $95.7M invested in Virtus Convertible & Income Fund in 2016 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 10

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

7% more funds holding

Funds holding: 54 → 58 (+4)

0.08% more ownership

Funds ownership: 4.17% → 4.26% (+0.08%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less capital invested

Capital invested by funds: $99.2M → $95.7M (-$3.53M)

Holders
58
Holders Change
+4
Holders Change %
+7.41%
% of All Funds
1.45%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
14
Increased
18
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.45M
2
Wells Fargo
Wells Fargo
California
+$1.25M
3
UBS Group
UBS Group
Switzerland
+$1.09M
4
GC
Guggenheim Capital
Illinois
+$1.05M
5
LCM
Laurion Capital Management
New York
+$845K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$2.37M
2
RCM
Robinson Capital Management
Michigan
-$1.33M
3
CIA
Capital Investment Advisors
Georgia
-$1.11M
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$1.07M
5
RJA
Raymond James & Associates
Florida
-$372K
Name Holding Trade Value Shares
Change 		Change in
Stake
Manulife (Manufacturers Life Insurance)
51
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$10K – – –
NSIM
52
North Star Investment Management
Illinois
$8K – – –
PCM
53
Penserra Capital Management
California
$8K +$983 +38 +12%
CFA
54
Carroll Financial Associates
North Carolina
$6K – – –
Northwestern Mutual Wealth Management
55
Northwestern Mutual Wealth Management
Wisconsin
$2K +$1.86K +72 New
DADC
56
D.A. Davidson & Co
Montana
$2K +$2.69K +104 New
CIA
57
Capital Investment Advisors
Georgia
– -$1.11M -41,100 Closed
Cambridge Investment Research Advisors
58
Cambridge Investment Research Advisors
Iowa
– -$1.07M -39,525 Closed
RJFSA
59
Raymond James Financial Services Advisors
Florida
– -$231K -8,540 Closed
Goldman Sachs
60
Goldman Sachs
New York
– -$87K -3,217 Closed
Citadel Advisors
61
Citadel Advisors
Florida
– -$70K -2,605 Closed
TRCT
62
Tower Research Capital (TRC)
New York
– -$12K -450 Closed
US Bancorp
63
US Bancorp
Minnesota
– -$10K -365 Closed
RFM
64
Royal Fund Management
Florida
– +$26 +1 New
AWM
65
AllSquare Wealth Management
New York
– +$52 +2 New
1 2
3

NCV Hedge Fund Activity: Q4 2016 in Review

58 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2016, worth a combined $95.7M — down 3.6% from $99.2M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NCV positions and 10 closed out — a net gain of 4 holders — while 18 added to existing stakes and 16 trimmed.

The largest buyer was Bank of America, adding an estimated $1.45M. The largest seller was Cohen & Steers, cutting an estimated $2.37M.

  • 58 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2016, up from 54 in Q3 2016.
  • Funds reported $95.7M of Virtus Convertible & Income Fund stock for Q4 2016, down 3.6% quarter-over-quarter.
  • 14 funds opened new Virtus Convertible & Income Fund positions in Q4 2016 and 10 closed out, a net change of +4 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q4 2016 was Bank of America, an estimated $1.45M added.
  • The largest Virtus Convertible & Income Fund seller in Q4 2016 was Cohen & Steers, an estimated $2.37M sold.

Based on aggregated 13F filings for Q4 2016.