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NCV

Virtus Convertible & Income Fund
NCV

88 hedge funds and large institutions have $118M invested in Virtus Convertible & Income Fund in 2021 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 23 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more capital invested

Capital invested by funds: $98.1M → $118M (+$19.6M)

4% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 23

0.48% more ownership

Funds ownership: 4.8% → 5.28% (+0.48%)

4% less funds holding

Funds holding: 92 → 88 (-4)

24% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 17

Holders
88
Holders Change
-4
Holders Change %
-4.35%
% of All Funds
1.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
24
Reduced
23
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CS
Credit Suisse
Switzerland
+$13.6M
2
Bank of America
Bank of America
North Carolina
+$3.32M
3
AAM
Advisors Asset Management
Colorado
+$2.23M
4
PCM
Penserra Capital Management
California
+$2.11M
5
GC
Guggenheim Capital
Illinois
+$2.04M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$5.24M
2
RCM
Rivernorth Capital Management
Florida
-$2.59M
3
Cohen & Steers
Cohen & Steers
New York
-$2.45M
4
Wells Fargo
Wells Fargo
California
-$1.38M
5
SCM
Saba Capital Management
New York
-$1.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
NFSG
76
Newbridge Financial Services Group
Florida
$13K – – –
SPIA
77
Steward Partners Investment Advisory
New York
$12K – – –
Citigroup
78
Citigroup
New York
$9K – – –
WWMSC
79
Wagner Wealth Management (South Carolina)
South Carolina
$7K – – –
CFA
80
Carroll Financial Associates
North Carolina
$6K – – –
WQ
81
Wealth Quarterback
New Jersey
$6K +$4.87K +209 New
GWM
82
Geneos Wealth Management
Colorado
$4K – – –
Northwestern Mutual Wealth Management
83
Northwestern Mutual Wealth Management
Wisconsin
$4K – – –
FCA
84
FinTrust Capital Advisors
South Carolina
$3K – – –
RCM
85
Robinson Capital Management
Michigan
$3K – – –
APWA
86
Atlas Private Wealth Advisors
New Jersey
$2K – – –
PCG
87
Private Capital Group
Connecticut
$2K – – –
PAM
88
Panagora Asset Management
Massachusetts
$1K +$489 +21 New
RCM
89
Rivernorth Capital Management
Florida
– -$2.59M -114,471 Closed
SCM
90
Saba Capital Management
New York
– -$1.06M -46,912 Closed
AA
91
AQR Arbitrage
Connecticut
– -$402K -17,765 Closed
CC
92
Claybrook Capital
Massachusetts
– -$370K -16,356 Closed
QC
93
Quantedge Capital
Singapore
– -$355K -15,694 Closed
LCM
94
Landscape Capital Management
New Jersey
– -$322K -14,234 Closed
WAM
95
Wolverine Asset Management
Illinois
– -$258K -11,430 Closed
Citadel Advisors
96
Citadel Advisors
Florida
– -$248K -10,950 Closed
Creative Planning
97
Creative Planning
Kansas
– -$124K -5,465 Closed
IP
98
Intellectus Partners
California
– -$74K -3,254 Closed
BRWA
99
B. Riley Wealth Advisors
Florida
– -$67K -2,955 Closed
ACI
100
Alpha Cubed Investments
California
– -$57K -2,500 Closed
1 2 3
4
5

NCV Hedge Fund Activity: Q2 2021 in Review

88 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2021, worth a combined $118M — up 20% from $98.1M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of NCV and 13 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 24 added.

The largest buyer was Credit Suisse, opening a new position worth an estimated $13.6M. The largest seller was Morgan Stanley, cutting an estimated $5.24M.

  • 88 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2021, down from 92 in Q1 2021.
  • Funds reported $118M of Virtus Convertible & Income Fund stock for Q2 2021, up 20% quarter-over-quarter.
  • 13 funds opened new Virtus Convertible & Income Fund positions in Q2 2021 and 17 closed out, a net change of -4 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q2 2021 was Credit Suisse, an estimated $13.6M added.
  • The largest Virtus Convertible & Income Fund seller in Q2 2021 was Morgan Stanley, an estimated $5.24M sold.

Based on aggregated 13F filings for Q2 2021.