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NCZ

Virtus Convertible & Income Fund II
NCZ

53 hedge funds and large institutions have $60.3M invested in Virtus Convertible & Income Fund II in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 7

2% more funds holding

Funds holding: 52 → 53 (+1)

0% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 17

0.15% less ownership

Funds ownership: 3.38% → 3.24% (-0.15%)

4% less capital invested

Capital invested by funds: $62.7M → $60.3M (-$2.4M)

Holders
53
Holders Change
+1
Holders Change %
+1.92%
% of All Funds
1.32%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
17
Reduced
17
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$4.39M
2
Morgan Stanley
Morgan Stanley
New York
+$2.3M
3
GC
Guggenheim Capital
Illinois
+$767K
4
LCM
Laurion Capital Management
New York
+$600K
5
AG
Advisor Group
Arizona
+$518K

Top Sellers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
-$6.26M
2
BI
Bramshill Investments
Florida
-$2.89M
3
AAM
Advisors Asset Management
Colorado
-$807K
4
Cohen & Steers
Cohen & Steers
New York
-$570K
5
NFG
Next Financial Group
Texas
-$517K
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
26
Sit Investment Associates
Minnesota
$122K -$6.26M -249,674 -98%
William Blair & Company
27
William Blair & Company
Illinois
$109K +$110K +4,375 New
DA
28
Doliver Advisors
Texas
$106K +$38.2K +1,523 +56%
HB
29
Homrich & Berg
Georgia
$95K – – –
FPCP
30
Fort Point Capital Partners
California
$95K +$93.9K +3,750 New
TSS
31
Two Sigma Securities
New York
$93K +$93K +3,714 New
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$86K +$11.4K +455 +15%
LPL Financial
33
LPL Financial
California
$85K -$50.7K -2,023 -37%
FFA
34
First Foundation Advisors
California
$73K -$21.9K -875 -23%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$72K +$2.31K +92 +3%
FIM
36
Freedom Investment Management
Connecticut
$69K +$69.3K +2,768 New
EFS
37
Essex Financial Services
Connecticut
$69K +$69.5K +2,775 New
IWM
38
IHT Wealth Management
Illinois
$65K – – –
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$63K – – –
SC
40
Stratford Consulting
Texas
$63K – – –
GWM
41
Geneos Wealth Management
Colorado
$63K +$1.6K +64 +3%
IA
42
IFP Advisors
Florida
$60K – – –
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$43K +$43.4K +1,733 New
CFA
44
Carroll Financial Associates
North Carolina
$32K – – –
Manulife (Manufacturers Life Insurance)
45
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$21K +$551 +22 +3%
Envestnet Asset Management
46
Envestnet Asset Management
Illinois
$19K – – –
IIC
47
Integrated Investment Consultants
Michigan
$16K – – –
NFG
48
Next Financial Group
Texas
$13K -$517K -20,618 -98%
ASN
49
Advisory Services Network
Georgia
$13K -$8.39K -335 -40%
First Manhattan
50
First Manhattan
New York
$9K – – –
1
2
3

NCZ Hedge Fund Activity: Q3 2017 in Review

53 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2017, worth a combined $60.3M — down 3.8% from $62.7M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new NCZ positions and 7 closed out — a net gain of 1 holder — while 17 added to existing stakes and 17 trimmed.

The largest buyer was Ameriprise, adding an estimated $4.39M. The largest seller was Sit Investment Associates, cutting an estimated $6.26M.

  • 53 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2017, up from 52 in Q2 2017.
  • Funds reported $60.3M of Virtus Convertible & Income Fund II stock for Q3 2017, down 3.8% quarter-over-quarter.
  • 8 funds opened new Virtus Convertible & Income Fund II positions in Q3 2017 and 7 closed out, a net change of +1 holder.
  • The largest Virtus Convertible & Income Fund II buyer in Q3 2017 was Ameriprise, an estimated $4.39M added.
  • The largest Virtus Convertible & Income Fund II seller in Q3 2017 was Sit Investment Associates, an estimated $6.26M sold.

Based on aggregated 13F filings for Q3 2017.