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NCZ

Virtus Convertible & Income Fund II
NCZ

55 hedge funds and large institutions have $58.6M invested in Virtus Convertible & Income Fund II in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 13

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

4% more funds holding

Funds holding: 53 → 55 (+2)

0.07% less ownership

Funds ownership: 3.24% → 3.17% (-0.07%)

3% less capital invested

Capital invested by funds: $60.3M → $58.6M (-$1.69M)

Holders
55
Holders Change
+2
Holders Change %
+3.77%
% of All Funds
1.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
19
Reduced
13
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$1M
2
Morgan Stanley
Morgan Stanley
New York
+$625K
3
LPL Financial
LPL Financial
California
+$254K
4
Cohen & Steers
Cohen & Steers
New York
+$178K
5
AG
Advisor Group
Arizona
+$169K

Top Sellers

Rank Fund Capital Flow
1
RCM
Robinson Capital Management
Michigan
-$1.15M
2
AAM
Advisors Asset Management
Colorado
-$618K
3
LCM
Laurion Capital Management
New York
-$599K
4
Invesco
Invesco
Georgia
-$551K
5
GC
Guggenheim Capital
Illinois
-$446K
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
26
Citadel Advisors
Florida
$98K +$97.9K +3,946 New
HB
27
Homrich & Berg
Georgia
$95K – – –
FFA
28
First Foundation Advisors
California
$73K – – –
NMC
29
Nine Masts Capital
Hong Kong
$73K +$73.2K +2,950 New
EFS
30
Essex Financial Services
Connecticut
$69K – – –
Royal Bank of Canada
31
Royal Bank of Canada
Ontario, Canada
$68K -$3.42K -138 -5%
RJFSA
32
Raymond James Financial Services Advisors
Florida
$67K +$67.1K +2,705 New
TSS
33
Two Sigma Securities
New York
$66K -$26.2K -1,056 -28%
IWM
34
IHT Wealth Management
Illinois
$65K – – –
LA
35
LexAurum Advisors
Kansas
$64K +$63.9K +2,573 New
SC
36
Stratford Consulting
Texas
$63K – – –
CAC
37
Certified Advisory Corp
Florida
$63K +$63.2K +2,545 New
Bank of Montreal
38
Bank of Montreal
Ontario, Canada
$62K – – –
GWM
39
Geneos Wealth Management
Colorado
$61K -$1.74K -70 -3%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$35K -$7.64K -308 -18%
CFA
41
Carroll Financial Associates
North Carolina
$31K – – –
PCM
42
Prelude Capital Management
New York
$28K +$27.9K +1,125 New
Manulife (Manufacturers Life Insurance)
43
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$21K +$596 +24 +3%
Envestnet Asset Management
44
Envestnet Asset Management
Illinois
$19K – – –
ASN
45
Advisory Services Network
Georgia
$19K +$6.33K +255 +51%
Citigroup
46
Citigroup
New York
$11K +$9.48K +382 +764%
CA
47
Calton & Associates
Florida
$11K +$10.9K +440 New
IA
48
IFP Advisors
Florida
$10K -$50K -2,013 -84%
First Manhattan
49
First Manhattan
New York
$9K – – –
FWM
50
Focused Wealth Management
New York
$6K +$1.17K +47 +27%
1
2
3

NCZ Hedge Fund Activity: Q4 2017 in Review

55 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2017, worth a combined $58.6M — down 2.8% from $60.3M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NCZ positions and 8 closed out — a net gain of 3 holders — while 19 added to existing stakes and 13 trimmed.

The largest buyer was Ameriprise, adding an estimated $1M. The largest seller was Robinson Capital Management, cutting an estimated $1.15M.

  • 55 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2017, up from 53 in Q3 2017.
  • Funds reported $58.6M of Virtus Convertible & Income Fund II stock for Q4 2017, down 2.8% quarter-over-quarter.
  • 11 funds opened new Virtus Convertible & Income Fund II positions in Q4 2017 and 8 closed out, a net change of +3 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q4 2017 was Ameriprise, an estimated $1M added.
  • The largest Virtus Convertible & Income Fund II seller in Q4 2017 was Robinson Capital Management, an estimated $1.15M sold.

Based on aggregated 13F filings for Q4 2017.