Virtus Convertible & Income Fund
NCV
96 hedge funds and large institutions have $73.6M invested in Virtus Convertible & Income Fund in 2024 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 27 increasing their positions, 32 reducing their positions, and 16 closing their positions.
1.33% less ownership
Funds ownership: 7.42% → 6.1% (-1.3%)
5% less funds holding
Funds holding: 101 → 96 (-5)
16% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 32
19% less capital invested
Capital invested by funds: $90.4M → $73.6M (-$16.9M)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$6.89M |
| 2 |
CA
Cetera Advisors
Denver,
Colorado
|
+$758K |
| 3 |
Pathstone Holdings
Englewood,
New Jersey
|
+$712K |
| 4 |
LPL Financial
San Diego,
California
|
+$553K |
| 5 |
WAM
WNY Asset Management
Williamsville,
New York
|
+$446K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$22.5M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$925K |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$663K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$577K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$292K |
NCV Hedge Fund Activity: Q1 2024 in Review
96 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund (NCV) for Q1 2024, worth a combined $73.6M — down 19% from $90.4M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NCV and 12 opened new positions — a net loss of 4 holders — while 32 trimmed existing stakes and 27 added.
The largest buyer was Advisors Asset Management, adding an estimated $6.89M. The largest seller was Morgan Stanley, cutting an estimated $22.5M.
- 96 institutional investors held Virtus Convertible & Income Fund (NCV) as of Q1 2024, down from 101 in Q4 2023.
- Funds reported $73.6M of Virtus Convertible & Income Fund stock for Q1 2024, down 19% quarter-over-quarter.
- 12 funds opened new Virtus Convertible & Income Fund positions in Q1 2024 and 16 closed out, a net change of -4 holders.
- The largest Virtus Convertible & Income Fund buyer in Q1 2024 was Advisors Asset Management, an estimated $6.89M added.
- The largest Virtus Convertible & Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $22.5M sold.
Based on aggregated 13F filings for Q1 2024.