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NCV

Virtus Convertible & Income Fund
NCV

67 hedge funds and large institutions have $73.3M invested in Virtus Convertible & Income Fund in 2018 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

6% more funds holding

Funds holding: 63 → 67 (+4)

3% more capital invested

Capital invested by funds: $70.9M → $73.3M (+$2.37M)

0.08% less ownership

Funds ownership: 2.99% → 2.91% (-0.08%)

13% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 16

Holders
67
Holders Change
+4
Holders Change %
+6.35%
% of All Funds
1.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
14
Reduced
16
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$500K
2
Wells Fargo
Wells Fargo
California
+$465K
3
CAN
Cetera Advisor Networks
California
+$369K
4
OA
Oxbow Advisors
Texas
+$272K
5
CFC
Coyle Financial Counsel
Illinois
+$156K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.62M
2
CIA
Capital Investment Advisors
Georgia
-$451K
3
MCM
Maryland Capital Management
Maryland
-$248K
4
Millennium Management
Millennium Management
New York
-$248K
5
Bank of America
Bank of America
North Carolina
-$184K
Name Holding Trade Value Shares
Change 		Change in
Stake
OIA
51
OneDigital Investment Advisors
Kansas
$17K -$24.7K -900 -60%
SPIA
52
Steward Partners Investment Advisory
New York
$14K – – –
SF
53
Synovus Financial
Georgia
$14K – – –
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
$8K – – –
FGAM
57
Financial Gravity Asset Management
Texas
$8K +$8.16K +297 New
CAC
58
Certified Advisory Corp
Florida
$7K – – –
FDCDDQ
59
Federation des caisses Desjardins du Quebec
Quebec, Canada
$6.29K – – –
CFA
60
Carroll Financial Associates
North Carolina
$6K – – –
PCG
61
Private Capital Group
Connecticut
$5K +$5.3K +193 New
BCA
62
Bay Colony Advisors
Massachusetts
$4K +$4.2K +153 New
PCM
63
Poehling Capital Management
Wisconsin
$3K – – –
SEI Investments
64
SEI Investments
Pennsylvania
$3K +$2.67K +97 +571%
FIA
65
FNY Investment Advisers
New York
$2K +$2.47K +90 New
MCM
66
Maryland Capital Management
Maryland
– -$248K -9,225 Closed
Millennium Management
67
Millennium Management
New York
– -$248K -9,225 Closed
Jane Street
68
Jane Street
New York
– -$131K -4,858 Closed
TRCT
69
Tower Research Capital (TRC)
New York
– -$121K -4,498 Closed
RJFSA
70
Raymond James Financial Services Advisors
Florida
– -$114K -4,238 Closed
Citadel Advisors
71
Citadel Advisors
Florida
– -$105K -3,918 Closed
BRWA
72
B. Riley Wealth Advisors
Florida
– -$94K -3,493 Closed
TSS
73
Two Sigma Securities
New York
– -$91K -3,371 Closed
SWP
74
Stratos Wealth Partners
Ohio
– -$20K -750 Closed
1 2
3

NCV Hedge Fund Activity: Q2 2018 in Review

67 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2018, worth a combined $73.3M — up 3.3% from $70.9M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NCV positions and 9 closed out — a net gain of 4 holders — while 14 added to existing stakes and 16 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $500K. The largest seller was Guggenheim Capital, cutting an estimated $1.62M.

  • 67 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2018, up from 63 in Q1 2018.
  • Funds reported $73.3M of Virtus Convertible & Income Fund stock for Q2 2018, up 3.3% quarter-over-quarter.
  • 13 funds opened new Virtus Convertible & Income Fund positions in Q2 2018 and 9 closed out, a net change of +4 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q2 2018 was Morgan Stanley, an estimated $500K added.
  • The largest Virtus Convertible & Income Fund seller in Q2 2018 was Guggenheim Capital, an estimated $1.62M sold.

Based on aggregated 13F filings for Q2 2018.