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NCZ

Virtus Convertible & Income Fund II
NCZ

46 hedge funds and large institutions have $55.2M invested in Virtus Convertible & Income Fund II in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

67% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 12

5% more funds holding

Funds holding: 44 → 46 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.48% less ownership

Funds ownership: 2.27% → 1.79% (-0.48%)

13% less capital invested

Capital invested by funds: $63.7M → $55.2M (-$8.52M)

Holders
46
Holders Change
+2
Holders Change %
+4.55%
% of All Funds
1.32%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
5
Increased
20
Reduced
12
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.12M
2
ICAS
Investors Capital Advisory Services
Massachusetts
+$984K
3
Jane Street
Jane Street
New York
+$857K
4
BRWA
B. Riley Wealth Advisors
Florida
+$469K
5
Morgan Stanley
Morgan Stanley
New York
+$424K

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$8.64M
2
Cohen & Steers
Cohen & Steers
New York
-$3.67M
3
CIA
Capital Investment Advisors
Georgia
-$1.02M
4
FAAS
First Allied Advisory Services
California
-$318K
5
CAN
Cetera Advisor Networks
California
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
IH
26
IFC Holdings
Florida
$157K +$25.1K +637 +19%
WS
27
Wedbush Securities
California
$138K -$5.24K -133 -4%
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$132K +$14.2K +360 +12%
VKH
29
Virtu KCG Holdings
New York
$120K -$121K -3,073 -51%
Royal Bank of Canada
30
Royal Bank of Canada
Ontario, Canada
$86K +$15.1K +384 +22%
AIG
31
American International Group
New York
$84.1K +$3.66K +93 +5%
Creative Planning
32
Creative Planning
Kansas
$65K +$17.6K +447 +38%
ECM
33
Estabrook Capital Management
New York
$35.5K +$867 +22 +3%
Citigroup
34
Citigroup
New York
$29K -$315 -8 -1%
MWP
35
MYCIO Wealth Partners
Pennsylvania
$27K +$670 +17 +3%
BRWM
36
B. Riley Wealth Management
Tennessee
$20K – – –
CCS
37
Crosspoint Capital Strategies
California
$20K – – –
Envestnet Asset Management
38
Envestnet Asset Management
Illinois
$20K – – –
PSI
39
Pinnacle Summer Investments
Virginia
$20K – – –
First Manhattan
40
First Manhattan
New York
$15K +$15.2K +385 New
Fifth Third Bancorp
41
Fifth Third Bancorp
Ohio
$7K – – –
FANJ
42
Financial Architects (New Jersey)
New Jersey
$6K +$5.95K +151 New
DADC
43
D.A. Davidson & Co
Montana
$5K -$4.77K -121 -49%
SSB
44
Sandy Spring Bank
Maryland
$3K – – –
FWM
45
Focused Wealth Management
New York
$2K – – –
CIA
46
Capital Investment Advisors
Georgia
– -$1.02M -25,955 Closed
FAAS
47
First Allied Advisory Services
California
– -$318K -8,097 Closed
CAN
48
Cetera Advisor Networks
California
– -$202K -5,106 Closed
1
2

NCZ Hedge Fund Activity: Q2 2014 in Review

46 of the 3,481 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2014, worth a combined $55.2M — down 13% from $63.7M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new NCZ positions and 3 closed out — a net gain of 2 holders — while 20 added to existing stakes and 12 trimmed.

The largest buyer was Bank of America, adding an estimated $1.12M. The largest seller was LPL Financial, cutting an estimated $8.64M.

  • 46 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2014, up from 44 in Q1 2014.
  • Funds reported $55.2M of Virtus Convertible & Income Fund II stock for Q2 2014, down 13% quarter-over-quarter.
  • 5 funds opened new Virtus Convertible & Income Fund II positions in Q2 2014 and 3 closed out, a net change of +2 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q2 2014 was Bank of America, an estimated $1.12M added.
  • The largest Virtus Convertible & Income Fund II seller in Q2 2014 was LPL Financial, an estimated $8.64M sold.

Based on aggregated 13F filings for Q2 2014.