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NCV

Virtus Convertible & Income Fund

51 hedge funds and large institutions have $86.7M invested in Virtus Convertible & Income Fund in 2013 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 12 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

250% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 4

50% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 12

24% more funds holding

Funds holding: 4151 (+10)

15% more capital invested

Capital invested by funds: $75.6M → $86.7M (+$11M)

0.28% more ownership

Funds ownership: 2.5%2.78% (+0.28%)

Holders
51
Holders Change
+10
Holders Change %
+24.39%
% of All Funds
1.48%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
14
Increased
18
Reduced
12
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GC
1
Guggenheim Capital
Illinois
$15M +$234K +6,106 +2%
LPL Financial
2
LPL Financial
California
$14.6M -$177K -4,607 -1%
Cohen & Steers
3
Cohen & Steers
New York
$12.8M -$8.86K -231 -0.1%
Wells Fargo
4
Wells Fargo
California
$7.35M +$904K +23,551 +14%
U
5
UBS
Switzerland
$5.7M +$628K +16,375 +13%
OA
6
Oxbow Advisors
Texas
$5.55M -$79.2K -2,065 -1%
Bank of America
7
Bank of America
North Carolina
$4.57M +$81.8K +2,131 +2%
Invesco
8
Invesco
Georgia
$4.43M +$4.38M +114,178 New
Morgan Stanley
9
Morgan Stanley
New York
$3.29M -$1.45M -37,847 -31%
MFS
10
MSI Financial Services
Massachusetts
$2.27M +$131K +3,403 +6%
CIA
11
Capital Investment Advisors
Georgia
$1.72M +$1.7M +44,249 New
IH
12
IFC Holdings
Florida
$1.54M +$410K +10,683 +37%
SG Americas Securities
13
SG Americas Securities
New York
$1.08M +$1.07M +27,805 New
RJFSA
14
Raymond James Financial Services Advisors
Florida
$789K +$90.9K +2,370 +13%
NPC
15
National Planning Corporation
California
$754K +$363K +9,464 +94%
MCM
16
Maryland Capital Management
Maryland
$613K -$54.2K -1,413 -8%
B
17
Baird
Wisconsin
$568K +$28.4K +740 +5%
LTFS
18
Ladenburg Thalmann Financial Services
Florida
$431K -$19.8K -517 -4%
Cambridge Investment Research Advisors
19
Cambridge Investment Research Advisors
Iowa
$381K +$53K +1,380 +16%
Royal Bank of Canada
20
Royal Bank of Canada
Ontario, Canada
$344K +$204K +5,311 +150%
AIG
21
American International Group
New York
$338K +$17K +442 +5%
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$308K -$226K -5,896 -43%
HNB
23
Huntington National Bank
Ohio
$307K
PAG
24
Private Advisor Group
New Jersey
$272K +$269K +7,000 New
CDH
25
Charles D. Hyman
$230K

NCV Hedge Fund Activity: Q4 2013 in Review

51 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2013, worth a combined $86.7M — up 15% from $75.6M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NCV positions and 4 closed out — a net gain of 10 holders — while 18 added to existing stakes and 12 trimmed.

The largest buyer was Invesco, opening a new position worth an estimated $4.38M. The largest seller was Morgan Stanley, cutting an estimated $1.45M.

  • 51 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2013, up from 41 in Q3 2013.
  • Funds reported $86.7M of Virtus Convertible & Income Fund stock for Q4 2013, up 15% quarter-over-quarter.
  • 14 funds opened new Virtus Convertible & Income Fund positions in Q4 2013 and 4 closed out, a net change of +10 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q4 2013 was Invesco, an estimated $4.38M added.
  • The largest Virtus Convertible & Income Fund seller in Q4 2013 was Morgan Stanley, an estimated $1.45M sold.

Based on aggregated 13F filings for Q4 2013.