Virtus Convertible & Income Fund II
NCZ
47 hedge funds and large institutions have $51M invested in Virtus Convertible & Income Fund II in 2015 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 7 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 15
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.11% less ownership
Funds ownership: 2.06% → 1.96% (-0.11%)
6% less funds holding
Funds holding: 50 → 47 (-3)
10% less capital invested
Capital invested by funds: $56.3M → $51M (-$5.37M)
43% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$1.96M |
| 2 |
LPL Financial
San Diego,
California
|
+$403K |
| 3 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$288K |
| 4 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
+$124K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$88.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$3.19M |
| 2 |
NPC
National Planning Corporation
El Segundo,
California
|
-$714K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$543K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$543K |
| 5 |
Goldman Sachs
New York
|
-$290K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
51
Estabrook Capital Management
New York
| – | -$33.4K | -936 | Closed |
|
|
CCS
52
Crosspoint Capital Strategies
Orinda,
California
| – | -$19K | -525 | Closed |
|
53
Envestnet Asset Management
Chicago,
Illinois
| – | -$18K | -510 | Closed |
|
54
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$9K | -250 | Closed |
|
NCZ Hedge Fund Activity: Q1 2015 in Review
47 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2015, worth a combined $51M — down 9.5% from $56.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NCZ and 4 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 20 added.
The largest buyer was UBS Group, adding an estimated $1.96M. The largest seller was Morgan Stanley, cutting an estimated $3.19M.
- 47 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2015, down from 50 in Q4 2014.
- Funds reported $51M of Virtus Convertible & Income Fund II stock for Q1 2015, down 9.5% quarter-over-quarter.
- 4 funds opened new Virtus Convertible & Income Fund II positions in Q1 2015 and 7 closed out, a net change of -3 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2015 was UBS Group, an estimated $1.96M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2015 was Morgan Stanley, an estimated $3.19M sold.
Based on aggregated 13F filings for Q1 2015.