Virtus Convertible & Income Fund
NCV
50 hedge funds and large institutions have $77.7M invested in Virtus Convertible & Income Fund in 2017 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 9 closing their positions.
0.27% less ownership
Funds ownership: 3.38% → 3.11% (-0.27%)
6% less capital invested
Capital invested by funds: $83M → $77.7M (-$5.28M)
9% less funds holding
Funds holding: 55 → 50 (-5)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$852K |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$250K |
| 3 |
Morgan Stanley
New York
|
+$200K |
| 4 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$198K |
| 5 |
IA
IFP Advisors
Tampa,
Florida
|
+$140K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.99M |
| 2 |
Cohen & Steers
New York
|
-$761K |
| 3 |
SIM
Sonora Investment Management
Tucson,
Arizona
|
-$643K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$542K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$371K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
51
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$105K | -3,750 | Closed |
|
|
TSS
52
Two Sigma Securities
New York
| – | -$79K | -2,839 | Closed |
|
53
Millennium Management
New York
| – | -$73K | -2,621 | Closed |
|
|
IFWM
54
Institute for Wealth Management
Denver,
Colorado
| – | -$70K | -2,524 | Closed |
|
|
MA
55
MCF Advisors
Covington,
Kentucky
| – | -$40K | -1,450 | Closed |
|
|
PCM
56
Penserra Capital Management
Orinda,
California
| – | -$9K | -344 | Closed |
|
|
DADC
57
D.A. Davidson & Co
Great Falls,
Montana
| – | -$3K | -110 | Closed |
|
58
SEI Investments
Oaks,
Pennsylvania
| – | -$451 | -16 | -94% |
|
NCV Hedge Fund Activity: Q3 2017 in Review
50 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2017, worth a combined $77.7M — down 6.4% from $83M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NCV and 4 opened new positions — a net loss of 5 holders — while 19 trimmed existing stakes and 16 added.
The largest buyer was Guggenheim Capital, adding an estimated $852K. The largest seller was Sit Investment Associates, cutting an estimated $4.99M.
- 50 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2017, down from 55 in Q2 2017.
- Funds reported $77.7M of Virtus Convertible & Income Fund stock for Q3 2017, down 6.4% quarter-over-quarter.
- 4 funds opened new Virtus Convertible & Income Fund positions in Q3 2017 and 9 closed out, a net change of -5 holders.
- The largest Virtus Convertible & Income Fund buyer in Q3 2017 was Guggenheim Capital, an estimated $852K added.
- The largest Virtus Convertible & Income Fund seller in Q3 2017 was Sit Investment Associates, an estimated $4.99M sold.
Based on aggregated 13F filings for Q3 2017.