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NCZ

Virtus Convertible & Income Fund II
NCZ

57 hedge funds and large institutions have $60.5M invested in Virtus Convertible & Income Fund II in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

156% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 9

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

8% more funds holding

Funds holding: 53 → 57 (+4)

1% more capital invested

Capital invested by funds: $60.1M → $60.5M (+$446K)

0.15% more ownership

Funds ownership: 3.4% → 3.55% (+0.15%)

Holders
57
Holders Change
+4
Holders Change %
+7.55%
% of All Funds
1.42%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
23
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.25M
2
GC
Guggenheim Capital
Illinois
+$1.23M
3
LCM
Laurion Capital Management
New York
+$869K
4
AAM
Advisors Asset Management
Colorado
+$742K
5
Bank of America
Bank of America
North Carolina
+$564K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$1.96M
2
CIA
Capital Investment Advisors
Georgia
-$472K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$304K
4
MFS
MSI Financial Services
Massachusetts
-$226K
5
CA
Cetera Advisors
Colorado
-$93K
Name Holding Trade Value Shares
Change 		Change in
Stake
Creative Planning
26
Creative Planning
Kansas
$134K +$1.16K +51 +0.9%
AG
27
Advisor Group
Arizona
$129K -$1.22K -54 -1%
MFS
28
MSI Financial Services
Massachusetts
$120K -$226K -9,971 -66%
CAN
29
Cetera Advisor Networks
California
$105K +$34.4K +1,518 +49%
HB
30
Homrich & Berg
Georgia
$87K – – –
AA
31
Advisory Alpha
Michigan
$76K +$69.5K +3,066 New
N
32
Nuveen
North Carolina
$69K – – –
ICOA
33
Investment Centers of America
North Dakota
$69K +$68.2K +3,010 New
FFA
34
First Foundation Advisors
California
$67K – – –
SPC
35
Sigma Planning Corp
Michigan
$61K -$2.27K -100 -4%
HCM
36
Hollencrest Capital Management
California
$61K – – –
SC
37
Stratford Consulting
Texas
$58K – – –
Stifel Financial
38
Stifel Financial
Missouri
$57K +$56.7K +2,504 New
IA
39
IFP Advisors
Florida
$56K -$2.27K -100 -4%
Bank of Montreal
40
Bank of Montreal
Ontario, Canada
$56K – – –
GWM
41
Geneos Wealth Management
Colorado
$55K +$635 +28 +1%
FMP
42
Financial Management Professionals
Texas
$38K – – –
CFA
43
Carroll Financial Associates
North Carolina
$29K – – –
Envestnet Asset Management
44
Envestnet Asset Management
Illinois
$18K +$17.5K +773 New
Manulife (Manufacturers Life Insurance)
45
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$17K +$340 +15 +2%
IIC
46
Integrated Investment Consultants
Michigan
$14K – – –
DAM
47
Delta Asset Management
Tennessee
$13K – – –
First Manhattan
48
First Manhattan
New York
$8K – – –
BC
49
Barnett & Company
Tennessee
$7K – – –
Citigroup
50
Citigroup
New York
$7K +$5.42K +239 +392%
1
2
3

NCZ Hedge Fund Activity: Q4 2016 in Review

57 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2016, worth a combined $60.5M — up 0.74% from $60.1M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NCZ positions and 6 closed out — a net gain of 5 holders — while 23 added to existing stakes and 9 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $1.25M. The largest seller was Cohen & Steers, cutting an estimated $1.96M.

  • 57 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2016, up from 53 in Q3 2016.
  • Funds reported $60.5M of Virtus Convertible & Income Fund II stock for Q4 2016, up 0.74% quarter-over-quarter.
  • 11 funds opened new Virtus Convertible & Income Fund II positions in Q4 2016 and 6 closed out, a net change of +5 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q4 2016 was Sit Investment Associates, an estimated $1.25M added.
  • The largest Virtus Convertible & Income Fund II seller in Q4 2016 was Cohen & Steers, an estimated $1.96M sold.

Based on aggregated 13F filings for Q4 2016.