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NCV

Virtus Convertible & Income Fund
NCV

92 hedge funds and large institutions have $98.1M invested in Virtus Convertible & Income Fund in 2021 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 14

9% more capital invested

Capital invested by funds: $90.4M → $98.1M (+$7.7M)

3% more funds holding

Funds holding: 89 → 92 (+3)

0.44% more ownership

Funds ownership: 4.36% → 4.8% (+0.44%)

8% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 26

Holders
92
Holders Change
+3
Holders Change %
+3.37%
% of All Funds
1.62%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
18
Increased
24
Reduced
26
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$13.6M
2
Bank of America
Bank of America
North Carolina
+$6.8M
3
AAM
Advisors Asset Management
Colorado
+$1.89M
4
RCM
Rivernorth Capital Management
Florida
+$1.82M
5
SFS
Shaker Financial Services
Virginia
+$1.5M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.34M
2
Millennium Management
Millennium Management
New York
-$4.73M
3
LCM
Landscape Capital Management
New Jersey
-$4.06M
4
Cohen & Steers
Cohen & Steers
New York
-$1.32M
5
CRC
Curi RMB Capital
Illinois
-$1.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
IAIM
76
International Assets Investment Management
Florida
$14K +$7.5K +325 +100%
HI
77
Harbour Investments
Wisconsin
$14K +$14.4K +625 New
NFSG
78
Newbridge Financial Services Group
Florida
$12K – – –
SPIA
79
Steward Partners Investment Advisory
New York
$11.3K – – –
VBCG
80
Valley Brook Capital Group
Pennsylvania
$11K – – –
Citigroup
81
Citigroup
New York
$8K -$1.73K -75 -18%
WWMSC
82
Wagner Wealth Management (South Carolina)
South Carolina
$7K +$6.92K +300 New
CFA
83
Carroll Financial Associates
North Carolina
$5K – – –
GWM
84
Geneos Wealth Management
Colorado
$4K – – –
Northwestern Mutual Wealth Management
85
Northwestern Mutual Wealth Management
Wisconsin
$4K +$3.62K +157 New
FCA
86
FinTrust Capital Advisors
South Carolina
$3K – – –
APWA
87
Atlas Private Wealth Advisors
New Jersey
$2K – – –
PCG
88
Private Capital Group
Connecticut
$2K – – –
RCM
89
Robinson Capital Management
Michigan
$2K – – –
Millennium Management
90
Millennium Management
New York
– -$4.73M -206,189 Closed
CRC
91
Curi RMB Capital
Illinois
– -$1.29M -56,249 Closed
OMC
92
Old Mission Capital
Illinois
– -$561K -24,450 Closed
DA
93
Doliver Advisors
Texas
– -$187K -8,141 Closed
VVP
94
Venture Visionary Partners
Ohio
– -$151K -6,602 Closed
Jane Street
95
Jane Street
New York
– -$111K -4,847 Closed
CSPIA
96
Cary Street Partners Investment Advisory
Virginia
– -$77K -3,359 Closed
CSS
97
Cubist Systematic Strategies
Connecticut
– -$75K -3,250 Closed
EM
98
ELCO Management
New York
– -$75K -3,250 Closed
US Bancorp
99
US Bancorp
Minnesota
– -$15K -648 Closed
Bank of Montreal
100
Bank of Montreal
Ontario, Canada
– -$12K -500 Closed
1 2 3
4
5

NCV Hedge Fund Activity: Q1 2021 in Review

92 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q1 2021, worth a combined $98.1M — up 8.5% from $90.4M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new NCV positions and 14 closed out — a net gain of 4 holders — while 24 added to existing stakes and 26 trimmed.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $13.6M. The largest seller was Morgan Stanley, cutting an estimated $5.34M.

  • 92 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q1 2021, up from 89 in Q4 2020.
  • Funds reported $98.1M of Virtus Convertible & Income Fund stock for Q1 2021, up 8.5% quarter-over-quarter.
  • 18 funds opened new Virtus Convertible & Income Fund positions in Q1 2021 and 14 closed out, a net change of +4 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q1 2021 was Penserra Capital Management, an estimated $13.6M added.
  • The largest Virtus Convertible & Income Fund seller in Q1 2021 was Morgan Stanley, an estimated $5.34M sold.

Based on aggregated 13F filings for Q1 2021.