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NCV

Virtus Convertible & Income Fund
NCV

89 hedge funds and large institutions have $90.4M invested in Virtus Convertible & Income Fund in 2020 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 18 increasing their positions, 26 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

243% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 7

46% more capital invested

Capital invested by funds: $62M → $90.4M (+$28.4M)

24% more funds holding

Funds holding: 72 → 89 (+17)

0.62% more ownership

Funds ownership: 3.74% → 4.36% (+0.62%)

31% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 26

Holders
89
Holders Change
+17
Holders Change %
+23.61%
% of All Funds
1.57%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
24
Increased
18
Reduced
26
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$4.22M
2
Bank of America
Bank of America
North Carolina
+$2.25M
3
LCM
Landscape Capital Management
New Jersey
+$1.87M
4
SCM
Saba Capital Management
New York
+$1.59M
5
GC
Guggenheim Capital
Illinois
+$1.15M

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$1.15M
2
DA
Doliver Advisors
Texas
-$846K
3
Wells Fargo
Wells Fargo
California
-$627K
4
CRC
Curi RMB Capital
Illinois
-$402K
5
Morgan Stanley
Morgan Stanley
New York
-$353K
Name Holding Trade Value Shares
Change 		Change in
Stake
GLA
51
Good Life Advisors
Pennsylvania
$97K – – –
CIA
52
Capital Investment Advisors
Georgia
$92K -$4.1K -200 -5%
CPIG
53
Chicago Partners Investment Group
Illinois
$92K +$1.25K +61 +2%
IP
54
Intellectus Partners
California
$91K +$2.03K +99 +3%
CSPIA
55
Cary Street Partners Investment Advisory
Virginia
$77K +$66.3K +3,234 +2,587%
CA
56
Cetera Advisors
Colorado
$76K +$246 +12 +0.4%
EM
57
ELCO Management
New York
$75K – – –
CSS
58
Cubist Systematic Strategies
Connecticut
$75K +$66.6K +3,250 New
GLLW
59
Graves Light Lenhart Wealth
Virginia
$72K – – –
BCA
60
Bay Colony Advisors
Massachusetts
$72K +$6.43K +314 +11%
WS
61
Wedbush Securities
California
$70K +$266 +13 +0.4%
NFG
62
Next Financial Group
Texas
$65K – – –
GIP
63
Greatmark Investment Partners
Georgia
$63K -$26.1K -1,275 -32%
1WA
64
180 Wealth Advisors
Washington
$63K – – –
PWM
65
Paulson Wealth Management
Illinois
$62K +$55.4K +2,706 New
AWA
66
Arkadios Wealth Advisors
Georgia
$58K +$52.5K +2,561 New
ACI
67
Alpha Cubed Investments
California
$57K – – –
CFGS
68
Concourse Financial Group Securities
Alabama
$46K -$5.39K -263 -12%
AWM
69
Accel Wealth Management
Iowa
$39K +$35.2K +1,716 New
APA
70
American Portfolios Advisors
New York
$31.2K – – –
RA
71
Reby Advisors
Connecticut
$16K +$14.1K +689 New
US Bancorp
72
US Bancorp
Minnesota
$15K +$13.3K +648 New
NFSG
73
Newbridge Financial Services Group
Florida
$12K – – –
Bank of Montreal
74
Bank of Montreal
Ontario, Canada
$12K +$10.2K +500 New
SPIA
75
Steward Partners Investment Advisory
New York
$11K – – –
1 2
3
4

NCV Hedge Fund Activity: Q4 2020 in Review

89 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2020, worth a combined $90.4M — up 46% from $62M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new NCV positions and 7 closed out — a net gain of 17 holders — while 18 added to existing stakes and 26 trimmed.

The largest buyer was Millennium Management, opening a new position worth an estimated $4.22M. The largest seller was Cohen & Steers, cutting an estimated $1.15M.

  • 89 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2020, up from 72 in Q3 2020.
  • Funds reported $90.4M of Virtus Convertible & Income Fund stock for Q4 2020, up 46% quarter-over-quarter.
  • 24 funds opened new Virtus Convertible & Income Fund positions in Q4 2020 and 7 closed out, a net change of +17 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q4 2020 was Millennium Management, an estimated $4.22M added.
  • The largest Virtus Convertible & Income Fund seller in Q4 2020 was Cohen & Steers, an estimated $1.15M sold.

Based on aggregated 13F filings for Q4 2020.