Virtus Convertible & Income Fund II
NCZ
45 hedge funds and large institutions have $62.6M invested in Virtus Convertible & Income Fund II in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 15 increasing their positions, 16 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
7% more funds holding
Funds holding: 42 → 45 (+3)
1% more capital invested
Capital invested by funds: $61.9M → $62.6M (+$779K)
0.06% less ownership
Funds ownership: 2.52% → 2.46% (-0.06%)
6% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG Americas Securities
New York
|
+$1.23M |
| 2 |
Cohen & Steers
New York
|
+$391K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$238K |
| 4 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$125K |
| 5 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$3.02M |
| 2 |
Jane Street
New York
|
-$466K |
| 3 |
MCM
Maryland Capital Management
Towson,
Maryland
|
-$281K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$206K |
| 5 |
KFS
KMS Financial Services
Seattle,
Washington
|
-$173K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$6K | -175 | Closed |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | +$35 | +1 | New |
|
NCZ Hedge Fund Activity: Q4 2013 in Review
45 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2013, worth a combined $62.6M — up 1.3% from $61.9M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new NCZ positions and 6 closed out — a net gain of 3 holders — while 15 added to existing stakes and 16 trimmed.
The largest buyer was SG Americas Securities, opening a new position worth an estimated $1.23M. The largest seller was Invesco, cutting an estimated $3.02M.
- 45 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2013, up from 42 in Q3 2013.
- Funds reported $62.6M of Virtus Convertible & Income Fund II stock for Q4 2013, up 1.3% quarter-over-quarter.
- 9 funds opened new Virtus Convertible & Income Fund II positions in Q4 2013 and 6 closed out, a net change of +3 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q4 2013 was SG Americas Securities, an estimated $1.23M added.
- The largest Virtus Convertible & Income Fund II seller in Q4 2013 was Invesco, an estimated $3.02M sold.
Based on aggregated 13F filings for Q4 2013.