Virtus Convertible & Income Fund
NCV
59 hedge funds and large institutions have $89.5M invested in Virtus Convertible & Income Fund in 2016 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 20 closing their positions.
0.85% less ownership
Funds ownership: 4.98% → 4.13% (-0.85%)
1% less capital invested
Capital invested by funds: $90.6M → $89.5M (-$1.08M)
5% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 19
16% less funds holding
Funds holding: 70 → 59 (-11)
55% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$2.72M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.85M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.49M |
| 4 |
EGA
E&G Advisors
Houston,
Texas
|
+$1M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$779K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$3.42M |
| 2 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$3M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.77M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.65M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$1.91M |
NCV Hedge Fund Activity: Q2 2016 in Review
59 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2016, worth a combined $89.5M — down 1.2% from $90.6M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of NCV and 9 opened new positions — a net loss of 11 holders — while 19 trimmed existing stakes and 18 added.
The largest buyer was Cohen & Steers, adding an estimated $2.72M. The largest seller was Nine Masts Capital, exiting entirely with an estimated $3.42M sold.
- 59 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2016, down from 70 in Q1 2016.
- Funds reported $89.5M of Virtus Convertible & Income Fund stock for Q2 2016, down 1.2% quarter-over-quarter.
- 9 funds opened new Virtus Convertible & Income Fund positions in Q2 2016 and 20 closed out, a net change of -11 holders.
- The largest Virtus Convertible & Income Fund buyer in Q2 2016 was Cohen & Steers, an estimated $2.72M added.
- The largest Virtus Convertible & Income Fund seller in Q2 2016 was Nine Masts Capital, an estimated $3.42M sold.
Based on aggregated 13F filings for Q2 2016.