Virtus Convertible & Income Fund
NCV
87 hedge funds and large institutions have $117M invested in Virtus Convertible & Income Fund in 2021 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 26 reducing their positions, and 11 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 26
0.51% more ownership
Funds ownership: 21.13% → 21.63% (+0.51%)
1% less capital invested
Capital invested by funds: $118M → $117M (-$1.3M)
2% less funds holding
Funds holding: 89 → 87 (-2)
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$4M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.08M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.06M |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$697K |
| 5 |
CC
Claybrook Capital
Wellesley,
Massachusetts
|
+$665K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$3.87M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.41M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$960K |
| 4 |
6M
6 Meridian
Wichita,
Kansas
|
-$547K |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
-$307K |
NCV Hedge Fund Activity: Q3 2021 in Review
87 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2021, worth a combined $117M — down 1.1% from $118M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NCV and 9 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 29 added.
The largest buyer was Bank of America, adding an estimated $4M. The largest seller was Penserra Capital Management, cutting an estimated $3.87M.
- 87 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2021, down from 89 in Q2 2021.
- Funds reported $117M of Virtus Convertible & Income Fund stock for Q3 2021, down 1.1% quarter-over-quarter.
- 9 funds opened new Virtus Convertible & Income Fund positions in Q3 2021 and 11 closed out, a net change of -2 holders.
- The largest Virtus Convertible & Income Fund buyer in Q3 2021 was Bank of America, an estimated $4M added.
- The largest Virtus Convertible & Income Fund seller in Q3 2021 was Penserra Capital Management, an estimated $3.87M sold.
Based on aggregated 13F filings for Q3 2021.