Virtus Convertible & Income Fund
NCV
94 hedge funds and large institutions have $57.7M invested in Virtus Convertible & Income Fund in 2022 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 22 increasing their positions, 33 reducing their positions, and 9 closing their positions.
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
15% more capital invested
Capital invested by funds: $50.4M → $57.7M (+$7.35M)
6% more funds holding
Funds holding: 89 → 94 (+5)
0.34% more ownership
Funds ownership: 4.35% → 4.7% (+0.34%)
33% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.7M |
| 2 |
HBCM
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
+$2.12M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$778K |
| 4 |
WAM
WNY Asset Management
Williamsville,
New York
|
+$709K |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$336K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.13M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$665K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$407K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$404K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$273K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$7K | -540 | Closed |
|
|
WWMSC
102
Wagner Wealth Management (South Carolina)
Greenville,
South Carolina
| – | -$4K | -300 | Closed |
|
|
GI
103
Gradient Investments
Arden Hills,
Minnesota
| – | -$3K | -263 | Closed |
|
NCV Hedge Fund Activity: Q4 2022 in Review
94 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2022, worth a combined $57.7M — up 15% from $50.4M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NCV positions and 9 closed out — a net gain of 7 holders — while 22 added to existing stakes and 33 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.7M. The largest seller was Bank of America, cutting an estimated $1.13M.
- 94 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2022, up from 89 in Q3 2022.
- Funds reported $57.7M of Virtus Convertible & Income Fund stock for Q4 2022, up 15% quarter-over-quarter.
- 16 funds opened new Virtus Convertible & Income Fund positions in Q4 2022 and 9 closed out, a net change of +7 holders.
- The largest Virtus Convertible & Income Fund buyer in Q4 2022 was Morgan Stanley, an estimated $2.7M added.
- The largest Virtus Convertible & Income Fund seller in Q4 2022 was Bank of America, an estimated $1.13M sold.
Based on aggregated 13F filings for Q4 2022.