Virtus Convertible & Income Fund
NCV
101 hedge funds and large institutions have $90.4M invested in Virtus Convertible & Income Fund in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 34 increasing their positions, 25 reducing their positions, and 12 closing their positions.
92% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 12
43% more capital invested
Capital invested by funds: $63.4M → $90.4M (+$27M)
36% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 25
10% more funds holding
Funds holding: 92 → 101 (+9)
1.78% more ownership
Funds ownership: 5.64% → 7.42% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$22M |
| 2 |
CPC
Congress Park Capital
Saratoga Springs,
New York
|
+$2.16M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.04M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$932K |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$731K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$7.38M |
| 2 |
HBCM
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
-$1.56M |
| 3 |
Comerica Bank
Dallas,
Texas
|
-$1.07M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$687K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$504K |
NCV Hedge Fund Activity: Q4 2023 in Review
101 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2023, worth a combined $90.4M — up 43% from $63.4M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NCV positions and 12 closed out — a net gain of 11 holders — while 34 added to existing stakes and 25 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $22M. The largest seller was Advisors Asset Management, cutting an estimated $7.38M.
- 101 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2023, up from 92 in Q3 2023.
- Funds reported $90.4M of Virtus Convertible & Income Fund stock for Q4 2023, up 43% quarter-over-quarter.
- 23 funds opened new Virtus Convertible & Income Fund positions in Q4 2023 and 12 closed out, a net change of +11 holders.
- The largest Virtus Convertible & Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $22M added.
- The largest Virtus Convertible & Income Fund seller in Q4 2023 was Advisors Asset Management, an estimated $7.38M sold.
Based on aggregated 13F filings for Q4 2023.