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NCV

Virtus Convertible & Income Fund
NCV

87 hedge funds and large institutions have $117M invested in Virtus Convertible & Income Fund in 2021 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 26 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

12% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 26

0.13% more ownership

Funds ownership: 5.28% → 5.41% (+0.13%)

1% less capital invested

Capital invested by funds: $118M → $117M (-$1.22M)

1% less funds holding

Funds holding: 88 → 87 (-1)

10% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 10

Holders
87
Holders Change
-1
Holders Change %
-1.14%
% of All Funds
1.52%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
29
Reduced
26
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$4M
2
AAM
Advisors Asset Management
Colorado
+$2.08M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.06M
4
PAG
Private Advisor Group
New Jersey
+$697K
5
CC
Claybrook Capital
Massachusetts
+$665K

Top Sellers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
-$3.87M
2
CS
Credit Suisse
Switzerland
-$2.41M
3
SFS
Shaker Financial Services
Virginia
-$960K
4
6M
6 Meridian
Kansas
-$547K
5
HighTower Advisors
HighTower Advisors
Illinois
-$307K
Name Holding Trade Value Shares
Change 		Change in
Stake
IFWM
51
Institute for Wealth Management
Colorado
$127K – – –
Millennium Management
52
Millennium Management
New York
$109K +$111K +4,571 New
CPIG
53
Chicago Partners Investment Group
Illinois
$107K +$2.82K +116 +3%
HighTower Advisors
54
HighTower Advisors
Illinois
$106K -$307K -12,618 -74%
HCM
55
Hollencrest Capital Management
California
$103K – – –
C
56
Certuity
Florida
$101K +$103K +4,230 New
GLA
57
Good Life Advisors
Pennsylvania
$100K – – –
WAM
58
WNY Asset Management
New York
$90K -$19.8K -813 -18%
IA
59
Insight Advisors
Pennsylvania
$90K – – –
CIA
60
Capital Investment Advisors
Georgia
$89K -$3.21K -132 -3%
UB
61
UMB Bank
Missouri
$88K +$89.5K +3,682 New
TWP
62
Tempus Wealth Planning
California
$87K – – –
TSS
63
Two Sigma Securities
New York
$87K +$1.19K +49 +1%
CFS
64
Capital Financial Services
New York
$77K – – –
CA
65
Cetera Advisors
Colorado
$76K -$12.1K -497 -14%
BCA
66
Bay Colony Advisors
Massachusetts
$76K +$583 +24 +0.8%
GLLW
67
Graves Light Lenhart Wealth
Virginia
$75K – – –
1WA
68
180 Wealth Advisors
Washington
$68K – – –
PWM
69
Paulson Wealth Management
Illinois
$64K – – –
HH
70
Hilltop Holdings
Texas
$61K – – –
GIP
71
Greatmark Investment Partners
Georgia
$60K – – –
APA
72
American Portfolios Advisors
New York
$32.4K – – –
FIA
73
FNY Investment Advisers
New York
$29K -$30.4K -1,250 -50%
CFGS
74
Concourse Financial Group Securities
Alabama
$29K -$18.8K -775 -39%
AWM
75
Accel Wealth Management
Iowa
$25K +$146 +6 +0.6%
1 2
3
4

NCV Hedge Fund Activity: Q3 2021 in Review

87 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2021, worth a combined $117M — down 1% from $118M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NCV and 9 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 29 added.

The largest buyer was Bank of America, adding an estimated $4M. The largest seller was Penserra Capital Management, cutting an estimated $3.87M.

  • 87 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2021, down from 88 in Q2 2021.
  • Funds reported $117M of Virtus Convertible & Income Fund stock for Q3 2021, down 1% quarter-over-quarter.
  • 9 funds opened new Virtus Convertible & Income Fund positions in Q3 2021 and 10 closed out, a net change of -1 holder.
  • The largest Virtus Convertible & Income Fund buyer in Q3 2021 was Bank of America, an estimated $4M added.
  • The largest Virtus Convertible & Income Fund seller in Q3 2021 was Penserra Capital Management, an estimated $3.87M sold.

Based on aggregated 13F filings for Q3 2021.