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NCV

Virtus Convertible & Income Fund
NCV

92 hedge funds and large institutions have $63.1M invested in Virtus Convertible & Income Fund in 2023 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

16% more capital invested

Capital invested by funds: $54.4M → $63.1M (+$8.65M)

0.48% more ownership

Funds ownership: 4.53% → 5.01% (+0.48%)

8% less repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 26

2% less funds holding

Funds holding: 94 → 92 (-2)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

Holders
92
Holders Change
-2
Holders Change %
-2.13%
% of All Funds
1.44%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
24
Reduced
26
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$5.59M
2
CA
Cornerstone Advisors
North Carolina
+$1.05M
3
LSC
Logan Stone Capital
Illinois
+$500K
4
RCM
Robinson Capital Management
Michigan
+$431K
5
LCM
Landscape Capital Management
New Jersey
+$393K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$1.09M
2
AAM
Advisors Asset Management
Colorado
-$963K
3
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$936K
4
Bank of America
Bank of America
North Carolina
-$349K
5
CS
Credit Suisse
Switzerland
-$217K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
101
Capital Investment Advisors
Georgia
– -$44.4K -3,303 Closed
BAM
102
Belpointe Asset Management
Nevada
– -$17.8K -1,322 Closed
IAIM
103
International Assets Investment Management
Florida
– -$12.5K -928 Closed
AWM
104
Accel Wealth Management
Iowa
– -$9.19K -684 Closed
SPIA
105
Steward Partners Investment Advisory
New York
– -$6.72K -500 Closed
CM
106
Cornerstone Management
Georgia
– -$6.05K -450 Closed
BWA
107
BDO Wealth Advisors
Florida
– -$5.58K -416 Closed
AAS
108
Ameritas Advisory Services
Nebraska
– -$1.69K -126 Closed
TWA
109
TCI Wealth Advisors
Arizona
– -$921 -69 Closed
1 2 3 4
5

NCV Hedge Fund Activity: Q2 2023 in Review

92 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2023, worth a combined $63.1M — up 16% from $54.4M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of NCV and 14 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 24 added.

The largest buyer was Morgan Stanley, adding an estimated $5.59M. The largest seller was Guggenheim Capital, cutting an estimated $1.09M.

  • 92 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2023, down from 94 in Q1 2023.
  • Funds reported $63.1M of Virtus Convertible & Income Fund stock for Q2 2023, up 16% quarter-over-quarter.
  • 14 funds opened new Virtus Convertible & Income Fund positions in Q2 2023 and 16 closed out, a net change of -2 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q2 2023 was Morgan Stanley, an estimated $5.59M added.
  • The largest Virtus Convertible & Income Fund seller in Q2 2023 was Guggenheim Capital, an estimated $1.09M sold.

Based on aggregated 13F filings for Q2 2023.