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NCZ

Virtus Convertible & Income Fund II
NCZ

50 hedge funds and large institutions have $46.5M invested in Virtus Convertible & Income Fund II in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 22 increasing their positions, 9 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

144% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 9

1.8% more ownership

Funds ownership: 3.99% → 5.79% (+1.8%)

7% less funds holding

Funds holding: 54 → 50 (-4)

15% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 13

25% less capital invested

Capital invested by funds: $61.9M → $46.5M (-$15.4M)

Holders
50
Holders Change
-4
Holders Change %
-7.41%
% of All Funds
1.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
22
Reduced
9
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
+$4.07M
2
RJFSA
Raymond James Financial Services Advisors
Florida
+$2.48M
3
LCM
Landscape Capital Management
New Jersey
+$1.6M
4
AAM
Advisors Asset Management
Colorado
+$1.57M
5
MC
Matisse Capital
Oregon
+$1.17M

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$1.12M
2
Morgan Stanley
Morgan Stanley
New York
-$961K
3
WAM
Wolverine Asset Management
Illinois
-$307K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$258K
5
KOMWMG
Kerntke Otto McGlone Wealth Management Group
Wisconsin
-$247K
Name Holding Trade Value Shares
Change 		Change in
Stake
BRWA
26
B. Riley Wealth Advisors
Florida
$200K +$1.29K +70 +0.5%
CRC
27
Curi RMB Capital
Illinois
$155K +$215K +11,625 New
ACP
28
Arcus Capital Partners
Georgia
$115K +$159K +8,608 New
WAM
29
Wolverine Asset Management
Illinois
$102K -$307K -16,615 -68%
SIC
30
Samalin Investment Counsel
New York
$97K +$2.51K +136 +2%
Wells Fargo
31
Wells Fargo
California
$92K -$15.3K -825 -11%
TA
32
Townsend & Associates
Colorado
$82K +$3.25K +176 +3%
PNC Financial Services Group
33
PNC Financial Services Group
Pennsylvania
$69K +$66.6K +3,602 +237%
SPC
34
Sigma Planning Corp
Michigan
$49K -$924 -50 -1%
HB
35
Homrich & Berg
Georgia
$43K – – –
Truist Financial
36
Truist Financial
North Carolina
$43K +$2.31K +125 +4%
MSAM
37
Moloney Securities Asset Management
Missouri
$38K +$52.5K +2,840 New
Jane Street
38
Jane Street
New York
$35K +$48.3K +2,615 New
PP
39
Patten & Patten
Tennessee
$35K +$48.5K +2,625 New
IWM
40
IHT Wealth Management
Illinois
$34K -$2.15K -116 -4%
SC
41
Stratford Consulting
Texas
$34K – – –
CFGS
42
Concourse Financial Group Securities
Alabama
$24K +$32.4K +1,750 New
GWM
43
Geneos Wealth Management
Colorado
$22K -$22.2K -1,201 -40%
WT
44
Washington Trust
Rhode Island
$22K +$30K +1,625 New
HWM
45
HighMark Wealth Management
Minnesota
$14K – – –
SFS
46
Sowell Financial Services
Arkansas
$14K – – –
US Bancorp
47
US Bancorp
Minnesota
$8K – – –
ASN
48
Advisory Services Network
Georgia
$7K – – –
PAM
49
Panagora Asset Management
Massachusetts
$5K +$2.85K +154 +74%
FWM
50
Focused Wealth Management
New York
$3K – – –
1
2
3

NCZ Hedge Fund Activity: Q1 2020 in Review

50 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2020, worth a combined $46.5M — down 25% from $61.9M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of NCZ and 11 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 22 added.

The largest buyer was Ameriprise, adding an estimated $4.07M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.12M sold.

  • 50 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2020, down from 54 in Q4 2019.
  • Funds reported $46.5M of Virtus Convertible & Income Fund II stock for Q1 2020, down 25% quarter-over-quarter.
  • 11 funds opened new Virtus Convertible & Income Fund II positions in Q1 2020 and 13 closed out, a net change of -2 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q1 2020 was Ameriprise, an estimated $4.07M added.
  • The largest Virtus Convertible & Income Fund II seller in Q1 2020 was Rivernorth Capital Management, an estimated $1.12M sold.

Based on aggregated 13F filings for Q1 2020.