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NCZ

Virtus Convertible & Income Fund II
NCZ

49 hedge funds and large institutions have $59.5M invested in Virtus Convertible & Income Fund II in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 10

28% more capital invested

Capital invested by funds: $46.5M → $59.5M (+$13M)

0% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 9

0.79% less ownership

Funds ownership: 5.79% → 5% (-0.79%)

2% less funds holding

Funds holding: 50 → 49 (-1)

Holders
49
Holders Change
-1
Holders Change %
-2%
% of All Funds
1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
19
Reduced
10
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$2.2M
2
Cohen & Steers
Cohen & Steers
New York
+$1.16M
3
AAM
Advisors Asset Management
Colorado
+$937K
4
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$635K
5
WAM
Wolverine Asset Management
Illinois
+$512K

Top Sellers

Rank Fund Capital Flow
1
Osaic Holdings
Osaic Holdings
Arizona
-$9.33M
2
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.78M
3
KOMWMG
Kerntke Otto McGlone Wealth Management Group
Wisconsin
-$1.61M
4
LCM
Landscape Capital Management
New Jersey
-$673K
5
GC
Guggenheim Capital
Illinois
-$589K
Name Holding Trade Value Shares
Change 		Change in
Stake
ACP
26
Arcus Capital Partners
Georgia
$137K +$2.24K +156 +2%
SIC
27
Samalin Investment Counsel
New York
$116K +$2.52K +175 +2%
TA
28
Townsend & Associates
Colorado
$108K +$3.27K +227 +3%
Wells Fargo
29
Wells Fargo
California
$84K -$21.5K -1,494 -22%
SPC
30
Sigma Planning Corp
Michigan
$57K – – –
CIA
31
Capital Investment Advisors
Georgia
$55K +$50.7K +3,524 New
HB
32
Homrich & Berg
Georgia
$51K – – –
NA
33
NewEdge Advisors
Louisiana
$51K +$47.1K +3,274 New
1WA
34
180 Wealth Advisors
Washington
$49K +$39.6K +2,750 New
Truist Financial
35
Truist Financial
North Carolina
$48K -$1.8K -125 -4%
MSAM
36
Moloney Securities Asset Management
Missouri
$44K – – –
PP
37
Patten & Patten
Tennessee
$41K – – –
IWM
38
IHT Wealth Management
Illinois
$40K – – –
CFGS
39
Concourse Financial Group Securities
Alabama
$28K – – –
GWM
40
Geneos Wealth Management
Colorado
$27K +$316 +22 +1%
Citigroup
41
Citigroup
New York
$23K +$21K +1,461 New
CAN
42
Cetera Advisor Networks
California
$21K +$19.3K +1,339 New
APWA
43
Atlas Private Wealth Advisors
New Jersey
$20K +$18K +1,250 New
HWM
44
HighMark Wealth Management
Minnesota
$17K – – –
SFS
45
Sowell Financial Services
Arkansas
$17K +$288 +20 +2%
US Bancorp
46
US Bancorp
Minnesota
$10K – – –
PAM
47
Panagora Asset Management
Massachusetts
$6K – – –
FWM
48
Focused Wealth Management
New York
$4K – – –
THWM
49
Taylor Hoffman Wealth Management
Virginia
$1K +$1.32K +92 New
RJFSA
50
Raymond James Financial Services Advisors
Florida
– -$1.78M -133,930 Closed
1
2
3

NCZ Hedge Fund Activity: Q2 2020 in Review

49 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2020, worth a combined $59.5M — up 28% from $46.5M a quarter earlier.

Fund positioning in NCZ was balanced in Q2 2020: 9 funds opened new positions, 9 closed out, 19 added to existing stakes and 10 trimmed.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $2.2M. The largest seller was Osaic Holdings, cutting an estimated $9.33M.

  • 49 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2020, down from 50 in Q1 2020.
  • Funds reported $59.5M of Virtus Convertible & Income Fund II stock for Q2 2020, up 28% quarter-over-quarter.
  • 9 funds opened new Virtus Convertible & Income Fund II positions in Q2 2020 and 9 closed out, a net change of 0 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q2 2020 was Parametric Portfolio Associates, an estimated $2.2M added.
  • The largest Virtus Convertible & Income Fund II seller in Q2 2020 was Osaic Holdings, an estimated $9.33M sold.

Based on aggregated 13F filings for Q2 2020.