We are live on ! Find out more
NCZ

Virtus Convertible & Income Fund II
NCZ

49 hedge funds and large institutions have $63M invested in Virtus Convertible & Income Fund II in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 13

4% more capital invested

Capital invested by funds: $60.5M → $63M (+$2.51M)

0.05% less ownership

Funds ownership: 3.55% → 3.5% (-0.05%)

14% less funds holding

Funds holding: 57 → 49 (-8)

50% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 14

Holders
49
Holders Change
-8
Holders Change %
-14.04%
% of All Funds
1.22%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
7
Increased
15
Reduced
13
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$1.19M
2
AAM
Advisors Asset Management
Colorado
+$911K
3
CIA
Capital Investment Advisors
Georgia
+$383K
4
Invesco
Invesco
Georgia
+$361K
5
DA
Doliver Advisors
Texas
+$310K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$1.71M
2
LCM
Laurion Capital Management
New York
-$876K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$538K
4
RJA
Raymond James & Associates
Florida
-$478K
5
BRWA
B. Riley Wealth Advisors
Florida
-$303K
Name Holding Trade Value Shares
Change 		Change in
Stake
WS
26
Wedbush Securities
California
$100K +$98.8K +4,121 New
Citigroup
27
Citigroup
New York
$96K +$87.5K +3,650 +1,217%
HB
28
Homrich & Berg
Georgia
$92K – – –
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$84K -$538K -22,415 -86%
ICOA
30
Investment Centers of America
North Dakota
$82K +$9.47K +395 +13%
FFA
31
First Foundation Advisors
California
$71K – – –
SBIA
32
Sheaff Brock Investment Advisors
Indiana
$69K +$68.6K +2,862 New
SPC
33
Sigma Planning Corp
Michigan
$65K – – –
GI
34
Glovista Investments
New Jersey
$64K -$93.6K -3,901 -59%
SC
35
Stratford Consulting
Texas
$61K – – –
IA
36
IFP Advisors
Florida
$60K – – –
GWM
37
Geneos Wealth Management
Colorado
$58K -$168 -7 -0.3%
FMP
38
Financial Management Professionals
Texas
$41K – – –
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$41K +$22.2K +925 +120%
CFA
40
Carroll Financial Associates
North Carolina
$31K – – –
IIC
41
Integrated Investment Consultants
Michigan
$15K – – –
ASN
42
Advisory Services Network
Georgia
$12K +$12K +500 New
First Manhattan
43
First Manhattan
New York
$9K – – –
BC
44
Barnett & Company
Tennessee
$8K – – –
PCM
45
Penserra Capital Management
California
$6K -$840 -35 -12%
GRP
46
Global Retirement Partners
California
$6K – – –
FWM
47
Focused Wealth Management
New York
$5K – – –
Carson Wealth (CWM LLC)
48
Carson Wealth (CWM LLC)
Nebraska
$3K – – –
Northwestern Mutual Wealth Management
49
Northwestern Mutual Wealth Management
Wisconsin
$2K +$288 +12 +16%
LCM
50
Laurion Capital Management
New York
– -$876K -38,365 Closed
1
2
3

NCZ Hedge Fund Activity: Q1 2017 in Review

49 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2017, worth a combined $63M — up 4.2% from $60.5M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NCZ and 7 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 15 added.

The largest buyer was Guggenheim Capital, adding an estimated $1.19M. The largest seller was Cohen & Steers, cutting an estimated $1.71M.

  • 49 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2017, down from 57 in Q4 2016.
  • Funds reported $63M of Virtus Convertible & Income Fund II stock for Q1 2017, up 4.2% quarter-over-quarter.
  • 7 funds opened new Virtus Convertible & Income Fund II positions in Q1 2017 and 14 closed out, a net change of -7 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q1 2017 was Guggenheim Capital, an estimated $1.19M added.
  • The largest Virtus Convertible & Income Fund II seller in Q1 2017 was Cohen & Steers, an estimated $1.71M sold.

Based on aggregated 13F filings for Q1 2017.