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NCZ

Virtus Convertible & Income Fund II
NCZ

44 hedge funds and large institutions have $48.5M invested in Virtus Convertible & Income Fund II in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

125% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 8

0.11% less ownership

Funds ownership: 2.73% → 2.63% (-0.11%)

2% less capital invested

Capital invested by funds: $49.5M → $48.5M (-$1M)

17% less funds holding

Funds holding: 53 → 44 (-9)

64% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 14

Holders
44
Holders Change
-9
Holders Change %
-16.98%
% of All Funds
1.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
18
Reduced
8
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$1.2M
2
Morgan Stanley
Morgan Stanley
New York
+$521K
3
AG
Advisor Group
Arizona
+$324K
4
BRWA
B. Riley Wealth Advisors
Florida
+$312K
5
LPL Financial
LPL Financial
California
+$153K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$2.04M
2
GC
Guggenheim Capital
Illinois
-$705K
3
AAM
Advisors Asset Management
Colorado
-$649K
4
SBIA
Sheaff Brock Investment Advisors
Indiana
-$167K
5
CFC
Coyle Financial Counsel
Illinois
-$161K
Name Holding Trade Value Shares
Change 		Change in
Stake
SPC
26
Sigma Planning Corp
Michigan
$83K +$83.2K +3,400 New
SB
27
Suntrust Banks
Georgia
$73K – – –
FFA
28
First Foundation Advisors
California
$72K – – –
GWM
29
Geneos Wealth Management
Colorado
$72K +$1.81K +74 +3%
Bank of Montreal
30
Bank of Montreal
Ontario, Canada
$65K +$3.79K +155 +6%
IWM
31
IHT Wealth Management
Illinois
$63K – – –
LA
32
LexAurum Advisors
Kansas
$63K – – –
SC
33
Stratford Consulting
Texas
$62K – – –
CAC
34
Certified Advisory Corp
Florida
$62K +$1.81K +74 +3%
Northwestern Mutual Wealth Management
35
Northwestern Mutual Wealth Management
Wisconsin
$20K +$20K +819 New
CFA
36
Carroll Financial Associates
North Carolina
$18K – – –
ASN
37
Advisory Services Network
Georgia
$12K – – –
IA
38
IFP Advisors
Florida
$8K – – –
FHB
39
First Hawaiian Bank
Hawaii
$4K +$3.94K +161 New
Carson Wealth (CWM LLC)
40
Carson Wealth (CWM LLC)
Nebraska
$3K +$73 +3 +3%
THWM
41
Taylor Hoffman Wealth Management
Virginia
$2K – – –
WSTAM
42
Wilbanks Smith & Thomas Asset Management
Virginia
$2K +$2.42K +99 New
Citigroup
43
Citigroup
New York
$1K – – –
FIA
44
FNY Investment Advisers
New York
$1K – – –
SBIA
45
Sheaff Brock Investment Advisors
Indiana
– -$167K -6,906 Closed
CFC
46
Coyle Financial Counsel
Illinois
– -$161K -6,685 Closed
NMC
47
Nine Masts Capital
Hong Kong
– -$137K -5,675 Closed
CAN
48
Cetera Advisor Networks
California
– -$125K -5,187 Closed
EFS
49
Essex Financial Services
Connecticut
– -$67K -2,775 Closed
CF
50
Centaurus Financial
California
– -$67K -2,770 Closed
1
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NCZ Hedge Fund Activity: Q3 2018 in Review

44 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2018, worth a combined $48.5M — down 2% from $49.5M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NCZ and 5 opened new positions — a net loss of 9 holders — while 8 trimmed existing stakes and 18 added.

The largest buyer was Ameriprise, adding an estimated $1.2M. The largest seller was Cohen & Steers, cutting an estimated $2.04M.

  • 44 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2018, down from 53 in Q2 2018.
  • Funds reported $48.5M of Virtus Convertible & Income Fund II stock for Q3 2018, down 2% quarter-over-quarter.
  • 5 funds opened new Virtus Convertible & Income Fund II positions in Q3 2018 and 14 closed out, a net change of -9 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q3 2018 was Ameriprise, an estimated $1.2M added.
  • The largest Virtus Convertible & Income Fund II seller in Q3 2018 was Cohen & Steers, an estimated $2.04M sold.

Based on aggregated 13F filings for Q3 2018.