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NCZ

Virtus Convertible & Income Fund II
NCZ

65 hedge funds and large institutions have $93.8M invested in Virtus Convertible & Income Fund II in 2020 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 4

46% more capital invested

Capital invested by funds: $64.4M → $93.8M (+$29.4M)

33% more funds holding

Funds holding: 49 → 65 (+16)

0.95% more ownership

Funds ownership: 5.07% → 6.02% (+0.95%)

48% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 21

Holders
65
Holders Change
+16
Holders Change %
+32.65%
% of All Funds
1.15%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
20
Increased
11
Reduced
21
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$14.8M
2
SCM
Saba Capital Management
New York
+$9.2M
3
LCM
Landscape Capital Management
New Jersey
+$3.25M
4
AAM
Advisors Asset Management
Colorado
+$976K
5
CRC
Curi RMB Capital
Illinois
+$884K

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$14M
2
Osaic Holdings
Osaic Holdings
Arizona
-$5.34M
3
Cohen & Steers
Cohen & Steers
New York
-$2.76M
4
CPC
Congress Park Capital
New York
-$623K
5
GC
Guggenheim Capital
Illinois
-$548K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cambridge Investment Research Advisors
26
Cambridge Investment Research Advisors
Iowa
$445K -$32.2K -1,771 -7%
BRWA
27
B. Riley Wealth Advisors
Florida
$309K -$491 -27 -0.2%
QC
28
Quantedge Capital
Singapore
$298K +$266K +14,639 New
Comerica Bank
29
Comerica Bank
Texas
$259K +$122K +6,696 +110%
SFS
30
Shaker Financial Services
Virginia
$248K -$34.2K -1,882 -13%
DA
31
Doliver Advisors
Texas
$230K -$21.4K -1,175 -9%
ACP
32
Arcus Capital Partners
Georgia
$187K +$167K +9,177 New
FIA
33
FNY Investment Advisers
New York
$159K +$142K +7,812 New
SIC
34
Samalin Investment Counsel
New York
$158K +$2.58K +142 +2%
TA
35
Townsend & Associates
Colorado
$149K +$2.2K +121 +2%
SW
36
SVB Wealth
Massachusetts
$128K +$115K +6,301 New
MAG
37
MRA Advisory Group
New Jersey
$126K +$113K +6,205 New
CSPIA
38
Cary Street Partners Investment Advisory
Virginia
$115K +$80.3K +4,416 +360%
CFG
39
Cooper Financial Group
California
$100K +$89.7K +4,931 New
MGIA
40
Moneta Group Investment Advisors
Missouri
$75K +$67K +3,684 New
CIA
41
Capital Investment Advisors
Georgia
$72K – – –
NA
42
NewEdge Advisors
Louisiana
$67K – – –
PAG
43
Private Advisor Group
New Jersey
$66K +$59.1K +3,250 New
Truist Financial
44
Truist Financial
North Carolina
$63K – – –
Ameriprise
45
Ameriprise
Minnesota
$59K -$14M -767,575 -100%
IWM
46
IHT Wealth Management
Illinois
$53K – – –
PP
47
Patten & Patten
Tennessee
$53K – – –
C
48
Certuity
Florida
$53K +$47.3K +2,599 New
CAN
49
Cetera Advisor Networks
California
$53K +$47.3K +2,601 New
KPWS
50
Kestra Private Wealth Services
Texas
$52K +$46.7K +2,568 New
1
2
3

NCZ Hedge Fund Activity: Q4 2020 in Review

65 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2020, worth a combined $93.8M — up 46% from $64.4M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new NCZ positions and 4 closed out — a net gain of 16 holders — while 11 added to existing stakes and 21 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $14.8M. The largest seller was Ameriprise, cutting an estimated $14M.

  • 65 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2020, up from 49 in Q3 2020.
  • Funds reported $93.8M of Virtus Convertible & Income Fund II stock for Q4 2020, up 46% quarter-over-quarter.
  • 20 funds opened new Virtus Convertible & Income Fund II positions in Q4 2020 and 4 closed out, a net change of +16 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q4 2020 was Rivernorth Capital Management, an estimated $14.8M added.
  • The largest Virtus Convertible & Income Fund II seller in Q4 2020 was Ameriprise, an estimated $14M sold.

Based on aggregated 13F filings for Q4 2020.