Virtus Convertible & Income Fund
NCV
92 hedge funds and large institutions have $98.1M invested in Virtus Convertible & Income Fund in 2021 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 24 increasing their positions, 26 reducing their positions, and 14 closing their positions.
29% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 14
9% more capital invested
Capital invested by funds: $90.4M → $98.1M (+$7.7M)
3% more funds holding
Funds holding: 89 → 92 (+3)
0.44% more ownership
Funds ownership: 4.36% → 4.8% (+0.44%)
8% less repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$13.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$6.8M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.89M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.82M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.34M |
| 2 |
Millennium Management
New York
|
-$4.73M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$4.06M |
| 4 |
Cohen & Steers
New York
|
-$1.32M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.29M |
NCV Hedge Fund Activity: Q1 2021 in Review
92 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q1 2021, worth a combined $98.1M — up 8.5% from $90.4M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new NCV positions and 14 closed out — a net gain of 4 holders — while 24 added to existing stakes and 26 trimmed.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $13.6M. The largest seller was Morgan Stanley, cutting an estimated $5.34M.
- 92 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q1 2021, up from 89 in Q4 2020.
- Funds reported $98.1M of Virtus Convertible & Income Fund stock for Q1 2021, up 8.5% quarter-over-quarter.
- 18 funds opened new Virtus Convertible & Income Fund positions in Q1 2021 and 14 closed out, a net change of +4 holders.
- The largest Virtus Convertible & Income Fund buyer in Q1 2021 was Penserra Capital Management, an estimated $13.6M added.
- The largest Virtus Convertible & Income Fund seller in Q1 2021 was Morgan Stanley, an estimated $5.34M sold.
Based on aggregated 13F filings for Q1 2021.