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NCZ

Virtus Convertible & Income Fund II
NCZ

53 hedge funds and large institutions have $49.5M invested in Virtus Convertible & Income Fund II in 2018 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 12

0.34% less ownership

Funds ownership: 3.08% → 2.73% (-0.34%)

5% less funds holding

Funds holding: 56 → 53 (-3)

10% less capital invested

Capital invested by funds: $54.7M → $49.5M (-$5.21M)

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

Holders
53
Holders Change
-3
Holders Change %
-5.36%
% of All Funds
1.21%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
10
Increased
17
Reduced
12
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$1.25M
2
Bank of America
Bank of America
North Carolina
+$254K
3
CFC
Coyle Financial Counsel
Illinois
+$160K
4
CAN
Cetera Advisor Networks
California
+$124K
5
QCIG
Quad-Cities Investment Group
Iowa
+$121K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$2.28M
2
Morgan Stanley
Morgan Stanley
New York
-$2.2M
3
AAM
Advisors Asset Management
Colorado
-$934K
4
RCM
Robinson Capital Management
Michigan
-$818K
5
Invesco
Invesco
Georgia
-$604K
Name Holding Trade Value Shares
Change 		Change in
Stake
HB
26
Homrich & Berg
Georgia
$92K – – –
Royal Bank of Canada
27
Royal Bank of Canada
Ontario, Canada
$78K +$11.1K +463 +17%
SB
28
Suntrust Banks
Georgia
$73K -$12K -500 -14%
FFA
29
First Foundation Advisors
California
$71K – – –
GWM
30
Geneos Wealth Management
Colorado
$69K +$1.75K +73 +3%
EFS
31
Essex Financial Services
Connecticut
$67K – – –
CF
32
Centaurus Financial
California
$67K +$66.4K +2,770 New
IWM
33
IHT Wealth Management
Illinois
$62K – – –
LA
34
LexAurum Advisors
Kansas
$62K – – –
Millennium Management
35
Millennium Management
New York
$62K +$61.5K +2,563 New
SC
36
Stratford Consulting
Texas
$61K – – –
Bank of Montreal
37
Bank of Montreal
Ontario, Canada
$60K – – –
CAC
38
Certified Advisory Corp
Florida
$59K +$1.73K +72 +3%
Envestnet Asset Management
39
Envestnet Asset Management
Illinois
$53K +$33.7K +1,406 +182%
PNC Financial Services Group
40
PNC Financial Services Group
Pennsylvania
$34K – – –
AA
41
Apriem Advisors
California
$30K +$30K +1,250 New
Manulife (Manufacturers Life Insurance)
42
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$20K -$959 -40 -5%
SEI Investments
43
SEI Investments
Pennsylvania
$19K +$18.4K +769 New
CFA
44
Carroll Financial Associates
North Carolina
$18K – – –
ASN
45
Advisory Services Network
Georgia
$12K -$18.1K -755 -60%
IA
46
IFP Advisors
Florida
$8K -$1.49K -62 -16%
PCG
47
Private Capital Group
Connecticut
$3K -$17K -710 -84%
Carson Wealth (CWM LLC)
48
Carson Wealth (CWM LLC)
Nebraska
$3K +$96 +4 +4%
THWM
49
Taylor Hoffman Wealth Management
Virginia
$2K – – –
Citigroup
50
Citigroup
New York
$1K – – –
1
2
3

NCZ Hedge Fund Activity: Q2 2018 in Review

53 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2018, worth a combined $49.5M — down 9.5% from $54.7M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of NCZ and 10 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 17 added.

The largest buyer was Ameriprise, adding an estimated $1.25M. The largest seller was Guggenheim Capital, cutting an estimated $2.28M.

  • 53 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2018, down from 56 in Q1 2018.
  • Funds reported $49.5M of Virtus Convertible & Income Fund II stock for Q2 2018, down 9.5% quarter-over-quarter.
  • 10 funds opened new Virtus Convertible & Income Fund II positions in Q2 2018 and 12 closed out, a net change of -2 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q2 2018 was Ameriprise, an estimated $1.25M added.
  • The largest Virtus Convertible & Income Fund II seller in Q2 2018 was Guggenheim Capital, an estimated $2.28M sold.

Based on aggregated 13F filings for Q2 2018.