Virtus Convertible & Income Fund
NCV
70 hedge funds and large institutions have $93M invested in Virtus Convertible & Income Fund in 2015 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 26 increasing their positions, 16 reducing their positions, and 9 closing their positions.
122% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 9
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
63% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 16
39% more capital invested
Capital invested by funds: $67.1M → $93M (+$25.9M)
19% more funds holding
Funds holding: 59 → 70 (+11)
1.5% more ownership
Funds ownership: 3.28% → 4.78% (+1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$8.81M |
| 2 |
OA
Oxbow Advisors
Austin,
Texas
|
+$6.55M |
| 3 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$2.27M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.63M |
| 5 |
NCM
Newgate Capital Management
Greenwich,
Connecticut
|
+$1.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$969K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$422K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$406K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$355K |
| 5 |
Millennium Management
New York
|
-$336K |
NCV Hedge Fund Activity: Q4 2015 in Review
70 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2015, worth a combined $93M — up 39% from $67.1M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new NCV positions and 9 closed out — a net gain of 11 holders — while 26 added to existing stakes and 16 trimmed.
The largest buyer was Landscape Capital Management, adding an estimated $8.81M. The largest seller was Parametric Portfolio Associates, cutting an estimated $969K.
- 70 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2015, up from 59 in Q3 2015.
- Funds reported $93M of Virtus Convertible & Income Fund stock for Q4 2015, up 39% quarter-over-quarter.
- 20 funds opened new Virtus Convertible & Income Fund positions in Q4 2015 and 9 closed out, a net change of +11 holders.
- The largest Virtus Convertible & Income Fund buyer in Q4 2015 was Landscape Capital Management, an estimated $8.81M added.
- The largest Virtus Convertible & Income Fund seller in Q4 2015 was Parametric Portfolio Associates, an estimated $969K sold.
Based on aggregated 13F filings for Q4 2015.