Virtus Convertible & Income Fund
NCV
60 hedge funds and large institutions have $70M invested in Virtus Convertible & Income Fund in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 12 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
0.29% less ownership
Funds ownership: 2.91% → 2.62% (-0.29%)
5% less capital invested
Capital invested by funds: $73.3M → $70M (-$3.31M)
10% less funds holding
Funds holding: 67 → 60 (-7)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.48M |
| 2 |
LPL Financial
San Diego,
California
|
+$644K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$395K |
| 4 |
Morgan Stanley
New York
|
+$382K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$220K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$8.26M |
| 2 |
Cohen & Steers
New York
|
-$1.45M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$265K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$256K |
| 5 |
FIM
Freedom Investment Management
Hartford,
Connecticut
|
-$181K |
NCV Hedge Fund Activity: Q3 2018 in Review
60 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2018, worth a combined $70M — down 4.5% from $73.3M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NCV and 5 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 19 added.
The largest buyer was Bank of America, adding an estimated $1.48M. The largest seller was Wells Fargo, cutting an estimated $8.26M.
- 60 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2018, down from 67 in Q2 2018.
- Funds reported $70M of Virtus Convertible & Income Fund stock for Q3 2018, down 4.5% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income Fund positions in Q3 2018 and 12 closed out, a net change of -7 holders.
- The largest Virtus Convertible & Income Fund buyer in Q3 2018 was Bank of America, an estimated $1.48M added.
- The largest Virtus Convertible & Income Fund seller in Q3 2018 was Wells Fargo, an estimated $8.26M sold.
Based on aggregated 13F filings for Q3 2018.