Virtus Convertible & Income Fund
NCV
41 hedge funds and large institutions have $75.6M invested in Virtus Convertible & Income Fund in 2013 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 8 closing their positions.
36% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 11
0.4% less ownership
Funds ownership: 10.4% → 10% (-0.4%)
1% less capital invested
Capital invested by funds: $76.1M → $75.6M (-$437K)
11% less funds holding
Funds holding: 46 → 41 (-5)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.79M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.16M |
| 3 |
IH
IFC Holdings
Tampa,
Florida
|
+$1.08M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$670K |
| 5 |
NPC
National Planning Corporation
El Segundo,
California
|
+$276K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$3.41M |
| 2 |
Cohen & Steers
New York
|
-$3.1M |
| 3 |
Morgan Stanley
New York
|
-$1.13M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$596K |
| 5 |
Jane Street
New York
|
-$225K |
NCV Hedge Fund Activity: Q3 2013 in Review
41 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2013, worth a combined $75.6M — down 0.57% from $76.1M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NCV and 4 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 15 added.
The largest buyer was Bank of America, adding an estimated $2.79M. The largest seller was Invesco, exiting entirely with an estimated $3.41M sold.
- 41 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2013, down from 46 in Q2 2013.
- Funds reported $75.6M of Virtus Convertible & Income Fund stock for Q3 2013, down 0.57% quarter-over-quarter.
- 4 funds opened new Virtus Convertible & Income Fund positions in Q3 2013 and 8 closed out, a net change of -4 holders.
- The largest Virtus Convertible & Income Fund buyer in Q3 2013 was Bank of America, an estimated $2.79M added.
- The largest Virtus Convertible & Income Fund seller in Q3 2013 was Invesco, an estimated $3.41M sold.
Based on aggregated 13F filings for Q3 2013.