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NCV

Virtus Convertible & Income Fund
NCV

63 hedge funds and large institutions have $70.9M invested in Virtus Convertible & Income Fund in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.39% less ownership

Funds ownership: 3.39% → 2.99% (-0.39%)

3% less funds holding

Funds holding: 65 → 63 (-2)

15% less capital invested

Capital invested by funds: $83.9M → $70.9M (-$12.9M)

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

29% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 21

Holders
63
Holders Change
-2
Holders Change %
-3.08%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
15
Reduced
21
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$6.11M
2
LPL Financial
LPL Financial
California
+$484K
3
Bank of America
Bank of America
North Carolina
+$379K
4
Millennium Management
Millennium Management
New York
+$257K
5
LTFS
Ladenburg Thalmann Financial Services
Florida
+$235K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$6.34M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$4M
3
VIA
Vident Investment Advisory
Georgia
-$2.51M
4
Wells Fargo
Wells Fargo
California
-$1.66M
5
GC
Guggenheim Capital
Illinois
-$563K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citigroup
51
Citigroup
New York
$19K – – –
SPIA
52
Steward Partners Investment Advisory
New York
$13K +$13.9K +500 New
SF
53
Synovus Financial
Georgia
$13K +$13.9K +500 New
Manulife (Manufacturers Life Insurance)
54
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$11K – – –
NSIM
55
North Star Investment Management
Illinois
$9K – – –
AF
56
Advisornet Financial
Minnesota
$7K +$7.65K +275 New
FDCDDQ
57
Federation des caisses Desjardins du Quebec
Quebec, Canada
$6.05K – – –
CFA
58
Carroll Financial Associates
North Carolina
$6K – – –
CAC
59
Certified Advisory Corp
Florida
$6K – – –
PCM
60
Poehling Capital Management
Wisconsin
$3K – – –
VIA
61
Vident Investment Advisory
Georgia
– -$2.51M -89,363 Closed
IH
62
IFC Holdings
Florida
– -$406K -14,426 Closed
CAN
63
Cetera Advisor Networks
California
– -$333K -11,844 Closed
OA
64
Oxbow Advisors
Texas
– -$272K -9,685 Closed
RC
65
RBO & Co
California
– -$109K -3,894 Closed
DA
66
Doliver Advisors
Texas
– -$82K -2,905 Closed
WWMSC
67
Wagner Wealth Management (South Carolina)
South Carolina
– -$81K -2,875 Closed
IFWM
68
Institute for Wealth Management
Colorado
– -$75K -2,615 Closed
CA
69
Calton & Associates
Florida
– -$26K -903 Closed
SEI Investments
70
SEI Investments
Pennsylvania
– -$5.67K -204 -92%
1 2
3

NCV Hedge Fund Activity: Q1 2018 in Review

63 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q1 2018, worth a combined $70.9M — down 15% from $83.9M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of NCV and 7 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 15 added.

The largest buyer was Morgan Stanley, adding an estimated $6.11M. The largest seller was UBS Group, cutting an estimated $6.34M.

  • 63 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q1 2018, down from 65 in Q4 2017.
  • Funds reported $70.9M of Virtus Convertible & Income Fund stock for Q1 2018, down 15% quarter-over-quarter.
  • 7 funds opened new Virtus Convertible & Income Fund positions in Q1 2018 and 9 closed out, a net change of -2 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q1 2018 was Morgan Stanley, an estimated $6.11M added.
  • The largest Virtus Convertible & Income Fund seller in Q1 2018 was UBS Group, an estimated $6.34M sold.

Based on aggregated 13F filings for Q1 2018.