Virtus Convertible & Income Fund
NCV
89 hedge funds and large institutions have $90.4M invested in Virtus Convertible & Income Fund in 2020 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 18 increasing their positions, 26 reducing their positions, and 7 closing their positions.
243% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 7
46% more capital invested
Capital invested by funds: $62M → $90.4M (+$28.4M)
24% more funds holding
Funds holding: 72 → 89 (+17)
0.62% more ownership
Funds ownership: 3.74% → 4.36% (+0.62%)
31% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$4.22M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$2.25M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.87M |
| 4 |
SCM
Saba Capital Management
New York
|
+$1.59M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$1.15M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$846K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$627K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$402K |
| 5 |
Morgan Stanley
New York
|
-$353K |
NCV Hedge Fund Activity: Q4 2020 in Review
89 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q4 2020, worth a combined $90.4M — up 46% from $62M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new NCV positions and 7 closed out — a net gain of 17 holders — while 18 added to existing stakes and 26 trimmed.
The largest buyer was Millennium Management, opening a new position worth an estimated $4.22M. The largest seller was Cohen & Steers, cutting an estimated $1.15M.
- 89 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q4 2020, up from 72 in Q3 2020.
- Funds reported $90.4M of Virtus Convertible & Income Fund stock for Q4 2020, up 46% quarter-over-quarter.
- 24 funds opened new Virtus Convertible & Income Fund positions in Q4 2020 and 7 closed out, a net change of +17 holders.
- The largest Virtus Convertible & Income Fund buyer in Q4 2020 was Millennium Management, an estimated $4.22M added.
- The largest Virtus Convertible & Income Fund seller in Q4 2020 was Cohen & Steers, an estimated $1.15M sold.
Based on aggregated 13F filings for Q4 2020.