Virtus Convertible & Income Fund
NCV
89 hedge funds and large institutions have $118M invested in Virtus Convertible & Income Fund in 2021 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 24 reducing their positions, and 16 closing their positions.
20% more capital invested
Capital invested by funds: $98.1M → $118M (+$19.7M)
1.94% more ownership
Funds ownership: 19.19% → 21.13% (+1.9%)
0% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 24
3% less funds holding
Funds holding: 92 → 89 (-3)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$13.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.32M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.23M |
| 4 |
PCM
Penserra Capital Management
Orinda,
California
|
+$2.11M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.24M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.59M |
| 3 |
Cohen & Steers
New York
|
-$2.45M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$1.38M |
| 5 |
SCM
Saba Capital Management
New York
|
-$1.06M |
NCV Hedge Fund Activity: Q2 2021 in Review
89 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q2 2021, worth a combined $118M — up 20% from $98.1M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NCV and 13 opened new positions — a net loss of 3 holders — while 24 trimmed existing stakes and 24 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $13.6M. The largest seller was Morgan Stanley, cutting an estimated $5.24M.
- 89 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q2 2021, down from 92 in Q1 2021.
- Funds reported $118M of Virtus Convertible & Income Fund stock for Q2 2021, up 20% quarter-over-quarter.
- 13 funds opened new Virtus Convertible & Income Fund positions in Q2 2021 and 16 closed out, a net change of -3 holders.
- The largest Virtus Convertible & Income Fund buyer in Q2 2021 was Credit Suisse, an estimated $13.6M added.
- The largest Virtus Convertible & Income Fund seller in Q2 2021 was Morgan Stanley, an estimated $5.24M sold.
Based on aggregated 13F filings for Q2 2021.