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NCV

Virtus Convertible & Income Fund
NCV

65 hedge funds and large institutions have $83.9M invested in Virtus Convertible & Income Fund in 2017 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

300% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 5

30% more funds holding

Funds holding: 50 → 65 (+15)

20% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 15

8% more capital invested

Capital invested by funds: $77.7M → $83.9M (+$6.15M)

0.28% more ownership

Funds ownership: 3.11% → 3.39% (+0.28%)

Holders
65
Holders Change
+15
Holders Change %
+30%
% of All Funds
1.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
20
Increased
18
Reduced
15
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.36M
2
SIM
Sonora Investment Management
Arizona
+$646K
3
GC
Guggenheim Capital
Illinois
+$589K
4
NMC
Nine Masts Capital
Hong Kong
+$392K
5
LPL Financial
LPL Financial
California
+$283K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$767K
2
LTFS
Ladenburg Thalmann Financial Services
Florida
-$433K
3
NPC
National Planning Corporation
California
-$326K
4
YP
Yellowstone Partners
Idaho
-$139K
5
Bank of America
Bank of America
North Carolina
-$131K
Name Holding Trade Value Shares
Change 		Change in
Stake
OIA
51
OneDigital Investment Advisors
Kansas
$42K +$42.4K +1,501 New
GWM
52
Geneos Wealth Management
Colorado
$30K – – –
VFA
53
Valeo Financial Advisors
Indiana
$28K – – –
CA
54
Calton & Associates
Florida
$26K +$25.5K +903 New
APA
55
American Portfolios Advisors
New York
$20.4K +$20.5K +727 New
Citigroup
56
Citigroup
New York
$20K +$4.24K +150 +26%
Manulife (Manufacturers Life Insurance)
57
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$11K – – –
NSIM
58
North Star Investment Management
Illinois
$9K – – –
FDCDDQ
59
Federation des caisses Desjardins du Quebec
Quebec, Canada
$6.33K -$28.2K -1,000 -82%
CFA
60
Carroll Financial Associates
North Carolina
$6K – – –
CAC
61
Certified Advisory Corp
Florida
$6K +$6.58K +233 New
PCM
62
Poehling Capital Management
Wisconsin
$3K +$2.82K +100 New
TRCT
63
Tower Research Capital (TRC)
New York
$3K +$2.82K +100 New
NPC
64
National Planning Corporation
California
– -$326K -11,475 Closed
YP
65
Yellowstone Partners
Idaho
– -$139K -4,893 Closed
PAG
66
Private Advisor Group
New Jersey
– -$91K -3,180 Closed
VF
67
Virtu Financial
New York
– -$72K -2,520 Closed
SIA
68
Sit Investment Associates
Minnesota
– -$6K -204 Closed
SIS
69
Sound Income Strategies
Florida
– +$28 +1 New
1 2
3

NCV Hedge Fund Activity: Q4 2017 in Review

65 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2017, worth a combined $83.9M — up 7.9% from $77.7M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new NCV positions and 5 closed out — a net gain of 15 holders — while 18 added to existing stakes and 15 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $5.36M. The largest seller was Wells Fargo, cutting an estimated $767K.

  • 65 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2017, up from 50 in Q3 2017.
  • Funds reported $83.9M of Virtus Convertible & Income Fund stock for Q4 2017, up 7.9% quarter-over-quarter.
  • 20 funds opened new Virtus Convertible & Income Fund positions in Q4 2017 and 5 closed out, a net change of +15 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q4 2017 was Morgan Stanley, an estimated $5.36M added.
  • The largest Virtus Convertible & Income Fund seller in Q4 2017 was Wells Fargo, an estimated $767K sold.

Based on aggregated 13F filings for Q4 2017.