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NCZ

Virtus Convertible & Income Fund II
NCZ

62 hedge funds and large institutions have $98.7M invested in Virtus Convertible & Income Fund II in 2021 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 15

5% more capital invested

Capital invested by funds: $93.8M → $98.7M (+$4.95M)

0.47% more ownership

Funds ownership: 6.02% → 6.49% (+0.47%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 65 → 62 (-3)

19% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 16

Holders
62
Holders Change
-3
Holders Change %
-4.62%
% of All Funds
1.09%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
13
Increased
19
Reduced
15
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$5.25M
2
SCM
Saba Capital Management
New York
+$2.71M
3
PPA
Parametric Portfolio Associates
Washington
+$2.67M
4
AAM
Advisors Asset Management
Colorado
+$1.79M
5
SFS
Shaker Financial Services
Virginia
+$1.2M

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$5.2M
2
Cohen & Steers
Cohen & Steers
New York
-$3.33M
3
GC
Guggenheim Capital
Illinois
-$1.04M
4
CRC
Curi RMB Capital
Illinois
-$990K
5
Cerity Partners
Cerity Partners
New York
-$717K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$576K -$76.5K -3,764 -12%
SIM
27
Sonora Investment Management
Arizona
$468K – – –
Cambridge Investment Research Advisors
28
Cambridge Investment Research Advisors
Iowa
$451K +$15.5K +765 +4%
BPA
29
Beacon Pointe Advisors
California
$397K +$406K +19,954 New
SWM
30
Spire Wealth Management
Virginia
$365K +$373K +18,348 New
PAG
31
Private Advisor Group
New Jersey
$346K +$287K +14,125 +435%
RCM
32
Robinson Capital Management
Michigan
$342K +$345K +16,992 New
BRWA
33
B. Riley Wealth Advisors
Florida
$293K -$10.2K -501 -3%
Thrivent Financial for Lutherans
34
Thrivent Financial for Lutherans
Minnesota
$283K – – –
Comerica Bank
35
Comerica Bank
Texas
$261K – – –
SW
36
SVB Wealth
Massachusetts
$225K +$101K +4,964 +79%
ACP
37
Arcus Capital Partners
Georgia
$185K +$2.42K +119 +1%
Mercer Global Advisors
38
Mercer Global Advisors
Colorado
$170K +$173K +8,535 New
FIA
39
FNY Investment Advisers
New York
$126K -$30.2K -1,486 -19%
MAG
40
MRA Advisory Group
New Jersey
$125K +$1.56K +77 +1%
Janney Montgomery Scott
41
Janney Montgomery Scott
Pennsylvania
$75K +$76.2K +3,751 New
CIA
42
Capital Investment Advisors
Georgia
$70K – – –
Wells Fargo
43
Wells Fargo
California
$68K +$35.7K +1,754 +107%
NA
44
NewEdge Advisors
Louisiana
$65K – – –
Truist Financial
45
Truist Financial
North Carolina
$63K – – –
APA
46
American Portfolios Advisors
New York
$54.8K +$55.9K +2,750 New
PP
47
Patten & Patten
Tennessee
$52K – – –
KPWS
48
Kestra Private Wealth Services
Texas
$52K +$467 +23 +0.9%
IWM
49
IHT Wealth Management
Illinois
$51K – – –
BCA
50
Biltmore Capital Advisors
New Jersey
$50K +$50.8K +2,500 New
1
2
3 4

NCZ Hedge Fund Activity: Q1 2021 in Review

62 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2021, worth a combined $98.7M — up 5.3% from $93.8M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of NCZ and 13 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 19 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.25M. The largest seller was Landscape Capital Management, cutting an estimated $5.2M.

  • 62 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2021, down from 65 in Q4 2020.
  • Funds reported $98.7M of Virtus Convertible & Income Fund II stock for Q1 2021, up 5.3% quarter-over-quarter.
  • 13 funds opened new Virtus Convertible & Income Fund II positions in Q1 2021 and 16 closed out, a net change of -3 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q1 2021 was Rivernorth Capital Management, an estimated $5.25M added.
  • The largest Virtus Convertible & Income Fund II seller in Q1 2021 was Landscape Capital Management, an estimated $5.2M sold.

Based on aggregated 13F filings for Q1 2021.