We are live on ! Find out more
NCZ

Virtus Convertible & Income Fund II
NCZ

54 hedge funds and large institutions have $40.8M invested in Virtus Convertible & Income Fund II in 2015 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

275% more first-time investments, than exits

New positions opened: 15 | Existing positions closed: 4

26% more funds holding

Funds holding: 43 → 54 (+11)

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

0.41% more ownership

Funds ownership: 2.19% → 2.6% (+0.41%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

17% less capital invested

Capital invested by funds: $48.8M → $40.8M (-$8.06M)

Holders
54
Holders Change
+11
Holders Change %
+25.58%
% of All Funds
1.51%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
15
Increased
16
Reduced
15
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DA
Doliver Advisors
Texas
+$3.43M
2
Stifel Financial
Stifel Financial
Missouri
+$2.17M
3
CA
Cornerstone Advisors
North Carolina
+$1.92M
4
Cohen & Steers
Cohen & Steers
New York
+$1.73M
5
PPA
Parametric Portfolio Associates
Washington
+$1.66M

Top Sellers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
-$6.83M
2
UBS Group
UBS Group
Switzerland
-$957K
3
Morgan Stanley
Morgan Stanley
New York
-$433K
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$356K
5
Wells Fargo
Wells Fargo
California
-$81.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
CA
26
Cetera Advisors
Colorado
$207K -$49.1K -1,887 -16%
BTS
27
BB&T Securities
Virginia
$183K +$5.44K +209 +2%
Commonwealth Equity Services
28
Commonwealth Equity Services
Massachusetts
$154K -$69.8K -2,683 -27%
Creative Planning
29
Creative Planning
Kansas
$109K -$46.6K -1,792 -26%
SPC
30
Sigma Planning Corp
Michigan
$107K +$52K +1,997 +65%
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$91K +$4.5K +173 +4%
AIG
32
American International Group
New York
$84K -$50.3K -1,934 -33%
Geode Capital Management
33
Geode Capital Management
Massachusetts
$76K – – –
TSS
34
Two Sigma Securities
New York
$55K +$67.2K +2,582 New
CAN
35
Cetera Advisor Networks
California
$53K -$1.9K -73 -3%
Bank of Montreal
36
Bank of Montreal
Ontario, Canada
$53K – – –
BCM
37
Brookstone Capital Management
Illinois
$36K +$23.8K +915 +116%
NFG
38
Next Financial Group
Texas
$34K +$4.95K +190 +13%
MWP
39
MYCIO Wealth Partners
Pennsylvania
$33K +$20.5K +789 +104%
Envestnet Asset Management
40
Envestnet Asset Management
Illinois
$30K +$36.4K +1,399 New
BA
41
BlackRock Advisors
Delaware
$28K +$35.1K +1,349 New
CFA
42
Carroll Financial Associates
North Carolina
$16K – – –
Deutsche Bank
43
Deutsche Bank
Germany
$14K -$8.62K -331 -33%
FMP
44
Financial Management Professionals
Texas
$14K +$3.9K +150 +30%
GWM
45
Gupta Wealth Management
California
$12K -$4.53K -174 -24%
DAM
46
Delta Asset Management
Tennessee
$12K – – –
PSI
47
Pinnacle Summer Investments
Virginia
$12K – – –
ASN
48
Advisory Services Network
Georgia
$11K – – –
RIA
49
Regal Investment Advisors
Michigan
$8K -$5.05K -194 -33%
First Manhattan
50
First Manhattan
New York
$8K – – –
1
2
3

NCZ Hedge Fund Activity: Q3 2015 in Review

54 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2015, worth a combined $40.8M — down 17% from $48.8M a quarter earlier.

Buyers outnumbered sellers: 15 funds opened new NCZ positions and 4 closed out — a net gain of 11 holders — while 16 added to existing stakes and 15 trimmed.

The largest buyer was Doliver Advisors, adding an estimated $3.43M. The largest seller was LPL Financial, cutting an estimated $6.83M.

  • 54 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2015, up from 43 in Q2 2015.
  • Funds reported $40.8M of Virtus Convertible & Income Fund II stock for Q3 2015, down 17% quarter-over-quarter.
  • 15 funds opened new Virtus Convertible & Income Fund II positions in Q3 2015 and 4 closed out, a net change of +11 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q3 2015 was Doliver Advisors, an estimated $3.43M added.
  • The largest Virtus Convertible & Income Fund II seller in Q3 2015 was LPL Financial, an estimated $6.83M sold.

Based on aggregated 13F filings for Q3 2015.