We are live on ! Find out more
NCZ

Virtus Convertible & Income Fund II
NCZ

43 hedge funds and large institutions have $48.8M invested in Virtus Convertible & Income Fund II in 2015 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

70% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 10

0.23% more ownership

Funds ownership: 1.96% → 2.19% (+0.23%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less capital invested

Capital invested by funds: $51M → $48.8M (-$2.13M)

9% less funds holding

Funds holding: 47 → 43 (-4)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

Holders
43
Holders Change
-4
Holders Change %
-8.51%
% of All Funds
1.16%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
6
Increased
17
Reduced
10
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$5.52M
2
UBS Group
UBS Group
Switzerland
+$1.43M
3
Cohen & Steers
Cohen & Steers
New York
+$740K
4
Bank of America
Bank of America
North Carolina
+$293K
5
DA
Doliver Advisors
Texas
+$272K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$793K
2
Invesco
Invesco
Georgia
-$348K
3
OA
Oxbow Advisors
Texas
-$318K
4
RJA
Raymond James & Associates
Florida
-$279K
5
FAAS
First Allied Advisory Services
California
-$239K
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
26
Next Financial Group
Texas
$43K +$20.4K +633 +77%
Deutsche Bank
27
Deutsche Bank
Germany
$30K -$58.4K -1,811 -64%
BCM
28
Brookstone Capital Management
Illinois
$24K +$25.5K +790 New
MWP
29
MYCIO Wealth Partners
Pennsylvania
$23K +$741 +23 +3%
TRCT
30
Tower Research Capital (TRC)
New York
$23K +$24.5K +761 New
CFA
31
Carroll Financial Associates
North Carolina
$22K – – –
GWM
32
Gupta Wealth Management
California
$22K – – –
RIA
33
Regal Investment Advisors
Michigan
$17K – – –
DAM
34
Delta Asset Management
Tennessee
$16K +$17.7K +548 New
ASN
35
Advisory Services Network
Georgia
$15K – – –
PSI
36
Pinnacle Summer Investments
Virginia
$15K – – –
FMP
37
Financial Management Professionals
Texas
$14K – – –
Citigroup
38
Citigroup
New York
$13K -$4.03K -125 -22%
First Manhattan
39
First Manhattan
New York
$11K – – –
SCA
40
Strategic Capital Alternatives
United States
$11K +$11.6K +360 New
BRWM
41
B. Riley Wealth Management
Tennessee
$10K -$5.32K -165 -33%
FWM
42
Focused Wealth Management
New York
$7K +$32 +1 +0.4%
SSB
43
Sandy Spring Bank
Maryland
$2K – – –
Invesco
44
Invesco
Georgia
– -$348K -10,350 Closed
OA
45
Oxbow Advisors
Texas
– -$318K -9,449 Closed
FAAS
46
First Allied Advisory Services
California
– -$239K -7,108 Closed
VKH
47
Virtu KCG Holdings
New York
– -$158K -4,682 Closed
NPC
48
National Planning Corporation
California
– -$116K -3,464 Closed
HighTower Advisors
49
HighTower Advisors
Illinois
– -$109K -3,235 Closed
WS
50
Wedbush Securities
California
– -$97K -2,898 Closed
1
2
3

NCZ Hedge Fund Activity: Q2 2015 in Review

43 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2015, worth a combined $48.8M — down 4.2% from $51M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of NCZ and 6 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 17 added.

The largest buyer was LPL Financial, adding an estimated $5.52M. The largest seller was Morgan Stanley, cutting an estimated $793K.

  • 43 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2015, down from 47 in Q1 2015.
  • Funds reported $48.8M of Virtus Convertible & Income Fund II stock for Q2 2015, down 4.2% quarter-over-quarter.
  • 6 funds opened new Virtus Convertible & Income Fund II positions in Q2 2015 and 10 closed out, a net change of -4 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q2 2015 was LPL Financial, an estimated $5.52M added.
  • The largest Virtus Convertible & Income Fund II seller in Q2 2015 was Morgan Stanley, an estimated $793K sold.

Based on aggregated 13F filings for Q2 2015.