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NCZ

Virtus Convertible & Income Fund II
NCZ

52 hedge funds and large institutions have $34.6M invested in Virtus Convertible & Income Fund II in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

18% more funds holding

Funds holding: 44 → 52 (+8)

0% more repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 14

0.07% less ownership

Funds ownership: 2.63% → 2.56% (-0.07%)

29% less capital invested

Capital invested by funds: $48.5M → $34.6M (-$13.8M)

Holders
52
Holders Change
+8
Holders Change %
+18.18%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
14
Reduced
14
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.84M
2
WAM
Weiss Asset Management
Massachusetts
+$685K
3
Ameriprise
Ameriprise
Minnesota
+$436K
4
LCM
Landscape Capital Management
New Jersey
+$429K
5
OFG
OTA Financial Group
New York
+$372K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$3M
2
AAM
Advisors Asset Management
Colorado
-$1.88M
3
Cohen & Steers
Cohen & Steers
New York
-$1.29M
4
GC
Guggenheim Capital
Illinois
-$785K
5
UBS Group
UBS Group
Switzerland
-$166K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$117K +$47.3K +2,192 +51%
WAM
27
Wolverine Asset Management
Illinois
$109K +$131K +6,093 New
TA
28
Townsend & Associates
Colorado
$105K +$3.92K +182 +3%
Jane Street
29
Jane Street
New York
$96K +$115K +5,328 New
Goldman Sachs
30
Goldman Sachs
New York
$85K +$102K +4,710 New
VF
31
Virtu Financial
New York
$84K +$101K +4,669 New
WS
32
Wedbush Securities
California
$74K -$24.1K -1,119 -21%
SB
33
Suntrust Banks
Georgia
$73K – – –
KA
34
Kovack Advisors
Florida
$66K +$79.1K +3,669 New
SPC
35
Sigma Planning Corp
Michigan
$61K – – –
CIA
36
Capital Investment Advisors
Georgia
$60K -$6.21K -288 -8%
HB
37
Homrich & Berg
Georgia
$58K -$12K -558 -15%
FFA
38
First Foundation Advisors
California
$53K – – –
GWM
39
Geneos Wealth Management
Colorado
$53K +$582 +27 +0.9%
EFS
40
Essex Financial Services
Connecticut
$50K +$59.3K +2,750 New
Bank of Montreal
41
Bank of Montreal
Ontario, Canada
$48K – – –
CAC
42
Certified Advisory Corp
Florida
$47K +$1.75K +81 +3%
IWM
43
IHT Wealth Management
Illinois
$46K – – –
SC
44
Stratford Consulting
Texas
$45K – – –
CFGS
45
Concourse Financial Group Securities
Alabama
$31K +$37.7K +1,750 New
Carson Wealth (CWM LLC)
46
Carson Wealth (CWM LLC)
Nebraska
$25K +$27K +1,254 +1,054%
AIC
47
Ameritas Investment Company
Nebraska
$14K +$16.5K +766 New
ASN
48
Advisory Services Network
Georgia
$9K – – –
FHB
49
First Hawaiian Bank
Hawaii
$3K – – –
THWM
50
Taylor Hoffman Wealth Management
Virginia
$2K – – –
1
2
3

NCZ Hedge Fund Activity: Q4 2018 in Review

52 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2018, worth a combined $34.6M — down 29% from $48.5M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NCZ positions and 6 closed out — a net gain of 8 holders — while 14 added to existing stakes and 14 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $1.84M. The largest seller was Bank of America, cutting an estimated $3M.

  • 52 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2018, up from 44 in Q3 2018.
  • Funds reported $34.6M of Virtus Convertible & Income Fund II stock for Q4 2018, down 29% quarter-over-quarter.
  • 14 funds opened new Virtus Convertible & Income Fund II positions in Q4 2018 and 6 closed out, a net change of +8 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q4 2018 was Royal Bank of Canada, an estimated $1.84M added.
  • The largest Virtus Convertible & Income Fund II seller in Q4 2018 was Bank of America, an estimated $3M sold.

Based on aggregated 13F filings for Q4 2018.