Virtus Convertible & Income Fund
NCV
63 hedge funds and large institutions have $57.5M invested in Virtus Convertible & Income Fund in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 14 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
36% more capital invested
Capital invested by funds: $42.2M → $57.5M (+$15.3M)
2.04% more ownership
Funds ownership: 12.49% → 14.53% (+2%)
13% less funds holding
Funds holding: 72 → 63 (-9)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$7.68M |
| 2 |
Morgan Stanley
New York
|
+$878K |
| 3 |
Cohen & Steers
New York
|
+$610K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$372K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$129K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.01M |
| 2 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$308K |
| 3 |
AGM
Alpine Global Management
New York
|
-$205K |
| 4 |
LPL Financial
San Diego,
California
|
-$181K |
| 5 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$151K |
NCV Hedge Fund Activity: Q2 2020 in Review
63 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2020, worth a combined $57.5M — up 36% from $42.2M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NCV and 6 opened new positions — a net loss of 8 holders — while 15 trimmed existing stakes and 23 added.
The largest buyer was Bank of America, adding an estimated $7.68M. The largest seller was Landscape Capital Management, cutting an estimated $1.01M.
- 63 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2020, down from 72 in Q1 2020.
- Funds reported $57.5M of Virtus Convertible & Income Fund stock for Q2 2020, up 36% quarter-over-quarter.
- 6 funds opened new Virtus Convertible & Income Fund positions in Q2 2020 and 14 closed out, a net change of -8 holders.
- The largest Virtus Convertible & Income Fund buyer in Q2 2020 was Bank of America, an estimated $7.68M added.
- The largest Virtus Convertible & Income Fund seller in Q2 2020 was Landscape Capital Management, an estimated $1.01M sold.
Based on aggregated 13F filings for Q2 2020.