Virtus Convertible & Income Fund II
NCZ
57 hedge funds and large institutions have $97.7M invested in Virtus Convertible & Income Fund II in 2026 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 11 closing their positions.
9% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 11
1% less capital invested
Capital invested by funds: $99M → $97.7M (-$1.28M)
5% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 19
2% less funds holding
Funds holding: 58 → 57 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.03M |
| 2 |
Morgan Stanley
New York
|
+$1.97M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$588K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$578K |
| 5 |
LPL Financial
San Diego,
California
|
+$566K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
-$3.2M |
| 2 |
PIWA
Prevail Innovative Wealth Advisors
Leawood,
Kansas
|
-$1.99M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.23M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$489K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$438K |
NCZ Hedge Fund Activity: Q1 2026 in Review
57 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2026, worth a combined $97.7M — down 1.3% from $99M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NCZ positions and 11 closed out — a net gain of 1 holder — while 18 added to existing stakes and 19 trimmed.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $5.03M. The largest seller was Penserra Capital Management, cutting an estimated $3.2M.
- 57 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2026, down from 58 in Q4 2025.
- Funds reported $97.7M of Virtus Convertible & Income Fund II stock for Q1 2026, down 1.3% quarter-over-quarter.
- 12 funds opened new Virtus Convertible & Income Fund II positions in Q1 2026 and 11 closed out, a net change of +1 holder.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2026 was Saba Capital Management, an estimated $5.03M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2026 was Penserra Capital Management, an estimated $3.2M sold.
Based on aggregated 13F filings for Q1 2026.