Virtus Convertible & Income Fund II
NCZ
70 hedge funds and large institutions have $76.2M invested in Virtus Convertible & Income Fund II in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 17 reducing their positions, and 17 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 17
2.8% less ownership
Funds ownership: 11.17% → 8.38% (-2.8%)
10% less funds holding
Funds holding: 78 → 70 (-8)
25% less capital invested
Capital invested by funds: $101M → $76.2M (-$25.1M)
47% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.01M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$999K |
| 3 |
CA
Cetera Advisors
Denver,
Colorado
|
+$850K |
| 4 |
Pathstone Holdings
Englewood,
New Jersey
|
+$711K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$332K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$23.8M |
| 2 |
SCM
Saba Capital Management
New York
|
-$3.45M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$764K |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$618K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$210K |
NCZ Hedge Fund Activity: Q1 2024 in Review
70 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2024, worth a combined $76.2M — down 25% from $101M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of NCZ and 9 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 32 added.
The largest buyer was Shaker Financial Services, adding an estimated $1.01M. The largest seller was Morgan Stanley, cutting an estimated $23.8M.
- 70 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2024, down from 78 in Q4 2023.
- Funds reported $76.2M of Virtus Convertible & Income Fund II stock for Q1 2024, down 25% quarter-over-quarter.
- 9 funds opened new Virtus Convertible & Income Fund II positions in Q1 2024 and 17 closed out, a net change of -8 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2024 was Shaker Financial Services, an estimated $1.01M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2024 was Morgan Stanley, an estimated $23.8M sold.
Based on aggregated 13F filings for Q1 2024.