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NCZ

Virtus Convertible & Income Fund II
NCZ

62 hedge funds and large institutions have $86.5M invested in Virtus Convertible & Income Fund II in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 20

0.08% less ownership

Funds ownership: 6.64% → 6.56% (-0.08%)

9% less funds holding

Funds holding: 68 → 62 (-6)

16% less capital invested

Capital invested by funds: $103M → $86.5M (-$16.8M)

33% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 12

Holders
62
Holders Change
-6
Holders Change %
-8.82%
% of All Funds
0.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
21
Reduced
20
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$6.74M
2
Cohen & Steers
Cohen & Steers
New York
+$752K
3
DWM
Doyle Wealth Management
Florida
+$498K
4
1CP
1607 Capital Partners
Virginia
+$425K
5
Invesco
Invesco
Georgia
+$421K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$3.03M
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$2.44M
3
AAM
Advisors Asset Management
Colorado
-$953K
4
RCM
Rivernorth Capital Management
Florida
-$930K
5
HWAM
Hennion & Walsh Asset Management
New Jersey
-$776K
Name Holding Trade Value Shares
Change 		Change in
Stake
DWM
26
Doyle Wealth Management
Florida
$479K +$498K +27,654 New
SIMG
27
Sonora Investment Management Group
Arizona
$407K – – –
SWM
28
Spire Wealth Management
Virginia
$391K +$3.87K +215 +1%
BRWA
29
B. Riley Wealth Advisors
Florida
$298K +$396 +22 +0.1%
AWS
30
Atria Wealth Solutions
New York
$257K +$266K +14,760 New
CF
31
Centaurus Financial
California
$243K -$30.5K -1,694 -11%
CPC
32
Congress Park Capital
New York
$217K -$462K -25,654 -67%
CA
33
CoreCap Advisors
Michigan
$216K -$13.7K -763 -6%
SW
34
SVB Wealth
Massachusetts
$192K +$114K +6,334 +132%
ACP
35
Arcus Capital Partners
Georgia
$163K +$18 +1 +0%
SCM
36
Segantii Capital Management
Hong Kong
$162K -$154K -8,574 -48%
Comerica Bank
37
Comerica Bank
Texas
$150K +$2.19K +122 +1%
MAG
38
MRA Advisory Group
New Jersey
$107K +$1.98K +110 +2%
RJFSA
39
Raymond James Financial Services Advisors
Florida
$94K +$46K +2,556 +89%
SIC
40
Samalin Investment Counsel
New York
$85K +$1.51K +84 +2%
TWP
41
Tempus Wealth Planning
California
$83K – – –
CIA
42
Capital Investment Advisors
Georgia
$73K – – –
Thrivent Financial for Lutherans
43
Thrivent Financial for Lutherans
Minnesota
$70K +$73.2K +4,068 New
FPAS
44
Focus Partners Advisor Solutions
Missouri
$68K – – –
PAS
45
Park Avenue Securities
New York
$64K +$66.1K +3,672 New
BRWM
46
B. Riley Wealth Management
Tennessee
$52K +$54K +3,000 New
Wells Fargo
47
Wells Fargo
California
$51K -$17.7K -984 -25%
Janney Montgomery Scott
48
Janney Montgomery Scott
Pennsylvania
$50K – – –
MOS
49
MGO One Seven
Ohio
$47K +$49.1K +2,731 New
PP
50
Patten & Patten
Tennessee
$45K – – –
1
2
3

NCZ Hedge Fund Activity: Q1 2022 in Review

62 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2022, worth a combined $86.5M — down 16% from $103M a quarter earlier.

Sellers outnumbered buyers: 12 funds closed out of NCZ and 8 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 21 added.

The largest buyer was Parametric Portfolio Associates, adding an estimated $6.74M. The largest seller was Saba Capital Management, cutting an estimated $3.03M.

  • 62 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2022, down from 68 in Q4 2021.
  • Funds reported $86.5M of Virtus Convertible & Income Fund II stock for Q1 2022, down 16% quarter-over-quarter.
  • 8 funds opened new Virtus Convertible & Income Fund II positions in Q1 2022 and 12 closed out, a net change of -4 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q1 2022 was Parametric Portfolio Associates, an estimated $6.74M added.
  • The largest Virtus Convertible & Income Fund II seller in Q1 2022 was Saba Capital Management, an estimated $3.03M sold.

Based on aggregated 13F filings for Q1 2022.