Virtus Convertible & Income Fund
NCV
63 hedge funds and large institutions have $70.9M invested in Virtus Convertible & Income Fund in 2018 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 9 closing their positions.
1.57% less ownership
Funds ownership: 13.55% → 11.98% (-1.6%)
3% less funds holding
Funds holding: 65 → 63 (-2)
15% less capital invested
Capital invested by funds: $83.9M → $70.9M (-$12.9M)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
29% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$6.11M |
| 2 |
LPL Financial
San Diego,
California
|
+$484K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$379K |
| 4 |
Millennium Management
New York
|
+$257K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$6.34M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$4M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
-$2.51M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.66M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$563K |
NCV Hedge Fund Activity: Q1 2018 in Review
63 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q1 2018, worth a combined $70.9M — down 15% from $83.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NCV and 7 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 15 added.
The largest buyer was Morgan Stanley, adding an estimated $6.11M. The largest seller was UBS Group, cutting an estimated $6.34M.
- 63 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q1 2018, down from 65 in Q4 2017.
- Funds reported $70.9M of Virtus Convertible & Income Fund stock for Q1 2018, down 15% quarter-over-quarter.
- 7 funds opened new Virtus Convertible & Income Fund positions in Q1 2018 and 9 closed out, a net change of -2 holders.
- The largest Virtus Convertible & Income Fund buyer in Q1 2018 was Morgan Stanley, an estimated $6.11M added.
- The largest Virtus Convertible & Income Fund seller in Q1 2018 was UBS Group, an estimated $6.34M sold.
Based on aggregated 13F filings for Q1 2018.