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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
VBCG
76
Valley Brook Capital Group
Pennsylvania
$11K +$10.2K +500 New
Citigroup
77
Citigroup
New York
$10K – – –
IAIM
78
International Assets Investment Management
Florida
$7K +$6.66K +325 New
CFA
79
Carroll Financial Associates
North Carolina
$5K – – –
GWM
80
Geneos Wealth Management
Colorado
$4K – – –
FCA
81
FinTrust Capital Advisors
South Carolina
$3K – – –
PAM
82
Panagora Asset Management
Massachusetts
$2K -$10.6K -515 -83%
APWA
83
Atlas Private Wealth Advisors
New Jersey
$2K – – –
PCG
84
Private Capital Group
Connecticut
$2K – – –
RCM
85
Robinson Capital Management
Michigan
$2K +$2.17K +106 New
Citadel Advisors
86
Citadel Advisors
Florida
– -$102K -5,591 Closed
LWM
87
Liberty Wealth Management
California
– -$99K -5,410 Closed
AAS
88
Avantax Advisory Services
Texas
– -$67K -3,676 Closed
APW
89
Aurora Private Wealth
New Jersey
– -$61K -3,311 Closed
FHA
90
Flagship Harbor Advisors
Massachusetts
– -$5K -288 Closed
BWM
91
BNC Wealth Management
Oregon
– -$5K -250 Closed
FCH
92
Freestone Capital Holdings
Washington
– -$948 -52 Closed
Fidelity Investments
93
Fidelity Investments
Massachusetts
– +$20 +1 New
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.