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NCZ

Virtus Convertible & Income Fund II
NCZ

52 hedge funds and large institutions have $42.6M invested in Virtus Convertible & Income Fund II in 2019 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 7

60% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 10

13% more funds holding

Funds holding: 46 → 52 (+6)

5% more capital invested

Capital invested by funds: $40.7M → $42.6M (+$1.86M)

0.42% more ownership

Funds ownership: 2.44% → 2.85% (+0.42%)

Holders
52
Holders Change
+6
Holders Change %
+13.04%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
16
Reduced
10
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
+$2.8M
2
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1.21M
3
Ameriprise
Ameriprise
Minnesota
+$1.11M
4
Morgan Stanley
Morgan Stanley
New York
+$637K
5
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$431K

Top Sellers

Rank Fund Capital Flow
1
Baird Financial Group
Baird Financial Group
Wisconsin
-$548K
2
AAM
Advisors Asset Management
Colorado
-$219K
3
UBS Group
UBS Group
Switzerland
-$126K
4
QCIG
Quad-Cities Investment Group
Iowa
-$81.5K
5
WS
Wedbush Securities
California
-$78K
Name Holding Trade Value Shares
Change 		Change in
Stake
SC
26
Savant Capital
Illinois
$116K +$118K +5,752 New
QCIG
27
Quad-Cities Investment Group
Iowa
$94K -$81.5K -3,978 -46%
SB
28
Suntrust Banks
Georgia
$73K – – –
SPC
29
Sigma Planning Corp
Michigan
$66K -$3.07K -150 -4%
HB
30
Homrich & Berg
Georgia
$66K – – –
ACM
31
Arlington Capital Management
Illinois
$64K +$65.2K +3,181 New
GWM
32
Geneos Wealth Management
Colorado
$60K +$61 +3 +0.1%
FFA
33
First Foundation Advisors
California
$59K – – –
Envestnet Asset Management
34
Envestnet Asset Management
Illinois
$59K +$60.2K +2,939 New
KA
35
Kovack Advisors
Florida
$58K -$9.53K -465 -14%
CIA
36
Capital Investment Advisors
Georgia
$57K – – –
IWM
37
IHT Wealth Management
Illinois
$55K +$2.38K +116 +4%
CAC
38
Certified Advisory Corp
Florida
$54K +$348 +17 +0.6%
Bank of Montreal
39
Bank of Montreal
Ontario, Canada
$51K – – –
EFS
40
Essex Financial Services
Connecticut
$51K – – –
SC
41
Stratford Consulting
Texas
$51K – – –
RCM
42
Robinson Capital Management
Michigan
$50K +$51.2K +2,500 New
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
$20K +$20.5K +1,000 New
CFA
44
Carroll Financial Associates
North Carolina
$19K +$20.1K +981 New
ASN
45
Advisory Services Network
Georgia
$10K – – –
FMII
46
Farmers & Merchants Investments Inc
Nebraska
$6K – – –
FWM
47
Focused Wealth Management
New York
$5K +$4.59K +224 New
PCG
48
Private Capital Group
Connecticut
$3K +$2.83K +138 New
THWM
49
Taylor Hoffman Wealth Management
Virginia
$2K – – –
FIA
50
FNY Investment Advisers
New York
$2K +$2.07K +101 New
1
2
3

NCZ Hedge Fund Activity: Q2 2019 in Review

52 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2019, worth a combined $42.6M — up 4.6% from $40.7M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NCZ positions and 7 closed out — a net gain of 7 holders — while 16 added to existing stakes and 10 trimmed.

The largest buyer was Cohen & Steers, adding an estimated $2.8M. The largest seller was Baird Financial Group, exiting entirely with an estimated $548K sold.

  • 52 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2019, up from 46 in Q1 2019.
  • Funds reported $42.6M of Virtus Convertible & Income Fund II stock for Q2 2019, up 4.6% quarter-over-quarter.
  • 14 funds opened new Virtus Convertible & Income Fund II positions in Q2 2019 and 7 closed out, a net change of +7 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q2 2019 was Cohen & Steers, an estimated $2.8M added.
  • The largest Virtus Convertible & Income Fund II seller in Q2 2019 was Baird Financial Group, an estimated $548K sold.

Based on aggregated 13F filings for Q2 2019.