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NCZ

Virtus Convertible & Income Fund II
NCZ

53 hedge funds and large institutions have $54.4M invested in Virtus Convertible & Income Fund II in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

13% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 16

1.05% less ownership

Funds ownership: 4.49% → 3.44% (-1%)

16% less capital invested

Capital invested by funds: $64.9M → $54.4M (-$10.5M)

17% less funds holding

Funds holding: 64 → 53 (-11)

69% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 16

Holders
53
Holders Change
-11
Holders Change %
-17.19%
% of All Funds
1.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
18
Reduced
16
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
+$4.87M
2
SIA
Sit Investment Associates
Minnesota
+$1.88M
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$451K
4
RCM
Robinson Capital Management
Michigan
+$445K
5
Invesco
Invesco
Georgia
+$417K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$6.06M
2
PPA
Parametric Portfolio Associates
Washington
-$3.33M
3
CA
Cornerstone Advisors
North Carolina
-$2.16M
4
NMC
Nine Masts Capital
Hong Kong
-$2.09M
5
GC
Guggenheim Capital
Illinois
-$1.52M
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$145K +$3.18K +155 +2%
Wells Fargo
27
Wells Fargo
California
$140K +$8.65K +422 +7%
DA
28
Doliver Advisors
Texas
$132K -$1.45M -70,737 -92%
Creative Planning
29
Creative Planning
Kansas
$119K – – –
AG
30
Advisor Group
Arizona
$115K +$112K +5,472 New
NFG
31
Next Financial Group
Texas
$112K +$72.6K +3,545 +202%
CA
32
Cetera Advisors
Colorado
$102K +$2.05K +100 +2%
GWM
33
Geneos Wealth Management
Colorado
$97K +$615 +30 +0.7%
HB
34
Homrich & Berg
Georgia
$81K +$78K +3,808 New
SPC
35
Sigma Planning Corp
Michigan
$74K -$4.88K -238 -6%
LIM
36
Leavell Investment Management
Alabama
$58K +$55.8K +2,725 New
CAN
37
Cetera Advisor Networks
California
$54K – – –
IA
38
IFP Advisors
Florida
$54K +$50.1K +2,447 +2,109%
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$53K – – –
SC
40
Stratford Consulting
Texas
$53K – – –
DADC
41
D.A. Davidson & Co
Montana
$48K +$46.4K +2,265 New
FMP
42
Financial Management Professionals
Texas
$36K – – –
MWP
43
MYCIO Wealth Partners
Pennsylvania
$36K +$1.15K +56 +3%
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$24K -$17.9K -875 -44%
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$16K – – –
CFA
46
Carroll Financial Associates
North Carolina
$15K -$512 -25 -3%
IIC
47
Integrated Investment Consultants
Michigan
$13K – – –
DAM
48
Delta Asset Management
Tennessee
$12K – – –
ASN
49
Advisory Services Network
Georgia
$11K – – –
Deutsche Bank
50
Deutsche Bank
Germany
$9K – – –
1
2
3

NCZ Hedge Fund Activity: Q2 2016 in Review

53 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2016, worth a combined $54.4M — down 16% from $64.9M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of NCZ and 5 opened new positions — a net loss of 11 holders — while 16 trimmed existing stakes and 18 added.

The largest buyer was Cohen & Steers, adding an estimated $4.87M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $6.06M sold.

  • 53 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2016, down from 64 in Q1 2016.
  • Funds reported $54.4M of Virtus Convertible & Income Fund II stock for Q2 2016, down 16% quarter-over-quarter.
  • 5 funds opened new Virtus Convertible & Income Fund II positions in Q2 2016 and 16 closed out, a net change of -11 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q2 2016 was Cohen & Steers, an estimated $4.87M added.
  • The largest Virtus Convertible & Income Fund II seller in Q2 2016 was Rivernorth Capital Management, an estimated $6.06M sold.

Based on aggregated 13F filings for Q2 2016.