Virtus Convertible & Income Fund II
NCZ
67 hedge funds and large institutions have $76.8M invested in Virtus Convertible & Income Fund II in 2015 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 21 increasing their positions, 17 reducing their positions, and 8 closing their positions.
163% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 8
88% more capital invested
Capital invested by funds: $40.8M → $76.8M (+$36.1M)
24% more funds holding
Funds holding: 54 → 67 (+13)
24% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 17
2.47% more ownership
Funds ownership: 2.6% → 5.08% (+2.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$13.3M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$8.6M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$3.52M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.04M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.61M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$556K |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$422K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$383K |
| 5 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
-$209K |
NCZ Hedge Fund Activity: Q4 2015 in Review
67 of the 3,813 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2015, worth a combined $76.8M — up 88% from $40.8M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NCZ positions and 8 closed out — a net gain of 13 holders — while 21 added to existing stakes and 17 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $13.3M. The largest seller was Doliver Advisors, cutting an estimated $1.8M.
- 67 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2015, up from 54 in Q3 2015.
- Funds reported $76.8M of Virtus Convertible & Income Fund II stock for Q4 2015, up 88% quarter-over-quarter.
- 21 funds opened new Virtus Convertible & Income Fund II positions in Q4 2015 and 8 closed out, a net change of +13 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q4 2015 was Rivernorth Capital Management, an estimated $13.3M added.
- The largest Virtus Convertible & Income Fund II seller in Q4 2015 was Doliver Advisors, an estimated $1.8M sold.
Based on aggregated 13F filings for Q4 2015.