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NCV

Virtus Convertible & Income Fund
NCV

58 hedge funds and large institutions have $95.7M invested in Virtus Convertible & Income Fund in 2016 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 10

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

7% more funds holding

Funds holding: 54 → 58 (+4)

0.08% more ownership

Funds ownership: 4.17% → 4.26% (+0.08%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less capital invested

Capital invested by funds: $99.2M → $95.7M (-$3.53M)

Holders
58
Holders Change
+4
Holders Change %
+7.41%
% of All Funds
1.45%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
14
Increased
18
Reduced
16
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.45M
2
Wells Fargo
Wells Fargo
California
+$1.25M
3
UBS Group
UBS Group
Switzerland
+$1.09M
4
GC
Guggenheim Capital
Illinois
+$1.05M
5
LCM
Laurion Capital Management
New York
+$845K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$2.37M
2
RCM
Robinson Capital Management
Michigan
-$1.33M
3
CIA
Capital Investment Advisors
Georgia
-$1.11M
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$1.07M
5
RJA
Raymond James & Associates
Florida
-$372K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$20.7M +$1.09M +42,000 +5%
Wells Fargo
2
Wells Fargo
California
$15.5M +$1.25M +48,409 +9%
Bank of America
3
Bank of America
North Carolina
$8.53M +$1.45M +56,212 +20%
Cohen & Steers
4
Cohen & Steers
New York
$8.45M -$2.37M -91,677 -22%
GC
5
Guggenheim Capital
Illinois
$8.34M +$1.05M +40,385 +14%
VIA
6
Vident Investment Advisory
Georgia
$5.24M +$377K +14,573 +8%
SIA
7
Sit Investment Associates
Minnesota
$4.83M – – –
Bank of Montreal
8
Bank of Montreal
Ontario, Canada
$3.75M – – –
Morgan Stanley
9
Morgan Stanley
New York
$3.21M +$144K +5,562 +5%
LPL Financial
10
LPL Financial
California
$2.46M -$21.4K -828 -0.9%
Commonwealth Equity Services
11
Commonwealth Equity Services
Massachusetts
$1.87M +$286K +11,033 +18%
AG
12
Advisor Group
Arizona
$1.74M +$199K +7,672 +13%
AAM
13
Advisors Asset Management
Colorado
$1.45M -$51.4K -1,987 -3%
EGA
14
E&G Advisors
Texas
$1.05M -$45K -1,738 -4%
Invesco
15
Invesco
Georgia
$1M -$169K -6,538 -14%
LCM
16
Laurion Capital Management
New York
$833K +$845K +32,654 New
OA
17
Oxbow Advisors
Texas
$625K -$388 -15 -0.1%
SIM
18
Sonora Investment Management
Arizona
$589K – – –
NMC
19
Nine Masts Capital
Hong Kong
$540K +$548K +21,174 New
OFG
20
OTA Financial Group
New York
$381K +$386K +14,931 New
LTFS
21
Ladenburg Thalmann Financial Services
Florida
$372K +$120K +4,626 +46%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$325K +$20K +774 +6%
DA
23
Doliver Advisors
Texas
$295K +$299K +11,546 New
Millennium Management
24
Millennium Management
New York
$295K +$299K +11,551 New
MCM
25
Maryland Capital Management
Maryland
$271K -$71.2K -2,750 -21%
1
2 3

NCV Hedge Fund Activity: Q4 2016 in Review

58 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2016, worth a combined $95.7M — down 3.6% from $99.2M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NCV positions and 10 closed out — a net gain of 4 holders — while 18 added to existing stakes and 16 trimmed.

The largest buyer was Bank of America, adding an estimated $1.45M. The largest seller was Cohen & Steers, cutting an estimated $2.37M.

  • 58 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2016, up from 54 in Q3 2016.
  • Funds reported $95.7M of Virtus Convertible & Income Fund stock for Q4 2016, down 3.6% quarter-over-quarter.
  • 14 funds opened new Virtus Convertible & Income Fund positions in Q4 2016 and 10 closed out, a net change of +4 holders.
  • The largest Virtus Convertible & Income Fund buyer in Q4 2016 was Bank of America, an estimated $1.45M added.
  • The largest Virtus Convertible & Income Fund seller in Q4 2016 was Cohen & Steers, an estimated $2.37M sold.

Based on aggregated 13F filings for Q4 2016.