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NCZ

Virtus Convertible & Income Fund II
NCZ

51 hedge funds and large institutions have $50.2M invested in Virtus Convertible & Income Fund II in 2019 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 13

18% more capital invested

Capital invested by funds: $42.6M → $50.2M (+$7.64M)

0.44% more ownership

Funds ownership: 2.85% → 3.29% (+0.44%)

2% less funds holding

Funds holding: 52 → 51 (-1)

11% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 9

Holders
51
Holders Change
-1
Holders Change %
-1.92%
% of All Funds
1.12%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
19
Reduced
13
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
+$3.88M
2
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1.55M
3
AAM
Advisors Asset Management
Colorado
+$1.09M
4
Ameriprise
Ameriprise
Minnesota
+$736K
5
BPWA
Beacon Pointe Wealth Advisors
California
+$687K

Top Sellers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
-$874K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$244K
3
UCFA
United Capital Financial Advisors
Texas
-$238K
4
QOP
Quinn Opportunity Partners
Virginia
-$121K
5
WAM
Wolverine Asset Management
Illinois
-$95.3K
Name Holding Trade Value Shares
Change 		Change in
Stake
Wells Fargo
26
Wells Fargo
California
$165K -$14.7K -725 -8%
Goldman Sachs
27
Goldman Sachs
New York
$162K +$163K +8,058 New
TA
28
Townsend & Associates
Colorado
$128K +$4.53K +224 +4%
Creative Planning
29
Creative Planning
Kansas
$125K – – –
SC
30
Savant Capital
Illinois
$121K +$5.01K +248 +4%
SPC
31
Sigma Planning Corp
Michigan
$74K +$9.02K +446 +14%
AAS
32
Avantax Advisory Services
Texas
$67K +$68.7K +3,399 New
HB
33
Homrich & Berg
Georgia
$65K – – –
QCIG
34
Quad-Cities Investment Group
Iowa
$63K -$28.9K -1,432 -31%
GWM
35
Geneos Wealth Management
Colorado
$60K +$61 +3 +0.1%
FFA
36
First Foundation Advisors
California
$59K – – –
KA
37
Kovack Advisors
Florida
$56K -$1.13K -56 -2%
IWM
38
IHT Wealth Management
Illinois
$54K – – –
SC
39
Stratford Consulting
Texas
$51K – – –
EFS
40
Essex Financial Services
Connecticut
$50K – – –
FIA
41
FNY Investment Advisers
New York
$29K +$27.2K +1,346 +1,333%
RCM
42
Robinson Capital Management
Michigan
$25K -$25.3K -1,250 -50%
SFS
43
Sowell Financial Services
Arkansas
$22K +$21.9K +1,084 New
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$20K – – –
CFA
45
Carroll Financial Associates
North Carolina
$19K – – –
RIA
46
Realta Investment Advisors
Delaware
$19K +$17.8K +882 New
CAC
47
Certified Advisory Corp
Florida
$13K -$41.4K -2,047 -76%
ASN
48
Advisory Services Network
Georgia
$10K – – –
PAM
49
Panagora Asset Management
Massachusetts
$10K +$10K +497 New
FWM
50
Focused Wealth Management
New York
$5K – – –
1
2
3

NCZ Hedge Fund Activity: Q3 2019 in Review

51 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2019, worth a combined $50.2M — up 18% from $42.6M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of NCZ and 8 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 19 added.

The largest buyer was Cohen & Steers, adding an estimated $3.88M. The largest seller was Guggenheim Capital, cutting an estimated $874K.

  • 51 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2019, down from 52 in Q2 2019.
  • Funds reported $50.2M of Virtus Convertible & Income Fund II stock for Q3 2019, up 18% quarter-over-quarter.
  • 8 funds opened new Virtus Convertible & Income Fund II positions in Q3 2019 and 9 closed out, a net change of -1 holder.
  • The largest Virtus Convertible & Income Fund II buyer in Q3 2019 was Cohen & Steers, an estimated $3.88M added.
  • The largest Virtus Convertible & Income Fund II seller in Q3 2019 was Guggenheim Capital, an estimated $874K sold.

Based on aggregated 13F filings for Q3 2019.