Virtus Convertible & Income Fund
NCV
89 hedge funds and large institutions have $60M invested in Virtus Convertible & Income Fund in 2022 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 25 increasing their positions, 19 reducing their positions, and 8 closing their positions.
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
32% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 19
7% more funds holding
Funds holding: 83 → 89 (+6)
2.77% less ownership
Funds ownership: 20.19% → 17.42% (-2.8%)
11% less capital invested
Capital invested by funds: $67.2M → $60M (-$7.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.63M |
| 2 |
PAS
Park Avenue Securities
New York
|
+$1.23M |
| 3 |
Morgan Stanley
New York
|
+$940K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$771K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$508K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$7.65M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.45M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$2.16M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$340K |
| 5 |
Cohen & Steers
New York
|
-$245K |
NCV Hedge Fund Activity: Q3 2022 in Review
89 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q3 2022, worth a combined $60M — down 11% from $67.2M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NCV positions and 8 closed out — a net gain of 7 holders — while 25 added to existing stakes and 19 trimmed.
The largest buyer was Envestnet Asset Management, opening a new position worth an estimated $1.63M. The largest seller was Penserra Capital Management, exiting entirely with an estimated $7.65M sold.
- 89 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q3 2022, up from 83 in Q2 2022.
- Funds reported $60M of Virtus Convertible & Income Fund stock for Q3 2022, down 11% quarter-over-quarter.
- 15 funds opened new Virtus Convertible & Income Fund positions in Q3 2022 and 8 closed out, a net change of +7 holders.
- The largest Virtus Convertible & Income Fund buyer in Q3 2022 was Envestnet Asset Management, an estimated $1.63M added.
- The largest Virtus Convertible & Income Fund seller in Q3 2022 was Penserra Capital Management, an estimated $7.65M sold.
Based on aggregated 13F filings for Q3 2022.