Virtus Convertible & Income Fund
NCV
54 hedge funds and large institutions have $99.2M invested in Virtus Convertible & Income Fund in 2016 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 20 increasing their positions, 16 reducing their positions, and 9 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 16
11% more capital invested
Capital invested by funds: $89.5M → $99.2M (+$9.7M)
0.17% more ownership
Funds ownership: 16.52% → 16.7% (+0.17%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
8% less funds holding
Funds holding: 59 → 54 (-5)
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.93M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.51M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.1M |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$1.04M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$954K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$2.24M |
| 2 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$1.56M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.37M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$496K |
| 5 |
Citigroup
New York
|
-$372K |
NCV Hedge Fund Activity: Q3 2016 in Review
54 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2016, worth a combined $99.2M — up 11% from $89.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NCV and 6 opened new positions — a net loss of 3 holders — while 16 trimmed existing stakes and 20 added.
The largest buyer was UBS Group, adding an estimated $1.93M. The largest seller was Cohen & Steers, cutting an estimated $2.24M.
- 54 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2016, down from 59 in Q2 2016.
- Funds reported $99.2M of Virtus Convertible & Income Fund stock for Q3 2016, up 11% quarter-over-quarter.
- 6 funds opened new Virtus Convertible & Income Fund positions in Q3 2016 and 9 closed out, a net change of -3 holders.
- The largest Virtus Convertible & Income Fund buyer in Q3 2016 was UBS Group, an estimated $1.93M added.
- The largest Virtus Convertible & Income Fund seller in Q3 2016 was Cohen & Steers, an estimated $2.24M sold.
Based on aggregated 13F filings for Q3 2016.