Virtus Convertible & Income Fund II
NCZ
43 hedge funds and large institutions have $48.8M invested in Virtus Convertible & Income Fund II in 2015 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 10 reducing their positions, and 10 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 10
0.23% more ownership
Funds ownership: 1.96% → 2.19% (+0.23%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $51M → $48.8M (-$2.13M)
9% less funds holding
Funds holding: 47 → 43 (-4)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$5.52M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.43M |
| 3 |
Cohen & Steers
New York
|
+$740K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$293K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$272K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$793K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$348K |
| 3 |
OA
Oxbow Advisors
Austin,
Texas
|
-$318K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$279K |
| 5 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$239K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IH
51
IFC Holdings
Tampa,
Florida
| – | -$86K | -2,595 | Closed |
|
52
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$74.3K | -2,305 | Closed |
|
53
SEI Investments
Oaks,
Pennsylvania
| – | -$6K | -190 | Closed |
|
NCZ Hedge Fund Activity: Q2 2015 in Review
43 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2015, worth a combined $48.8M — down 4.2% from $51M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NCZ and 6 opened new positions — a net loss of 4 holders — while 10 trimmed existing stakes and 17 added.
The largest buyer was LPL Financial, adding an estimated $5.52M. The largest seller was Morgan Stanley, cutting an estimated $793K.
- 43 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2015, down from 47 in Q1 2015.
- Funds reported $48.8M of Virtus Convertible & Income Fund II stock for Q2 2015, down 4.2% quarter-over-quarter.
- 6 funds opened new Virtus Convertible & Income Fund II positions in Q2 2015 and 10 closed out, a net change of -4 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2015 was LPL Financial, an estimated $5.52M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2015 was Morgan Stanley, an estimated $793K sold.
Based on aggregated 13F filings for Q2 2015.