Virtus Convertible & Income Fund II
NCZ
54 hedge funds and large institutions have $40.8M invested in Virtus Convertible & Income Fund II in 2015 Q3 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 15 reducing their positions, and 4 closing their positions.
275% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 4
26% more funds holding
Funds holding: 43 → 54 (+11)
7% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 15
0.41% more ownership
Funds ownership: 2.19% → 2.6% (+0.41%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less capital invested
Capital invested by funds: $48.8M → $40.8M (-$8.06M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
+$3.43M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
+$2.17M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.92M |
| 4 |
Cohen & Steers
New York
|
+$1.73M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$6.83M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$957K |
| 3 |
Morgan Stanley
New York
|
-$433K |
| 4 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$356K |
| 5 |
Wells Fargo
San Francisco,
California
|
-$81.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JWA
51
JFS Wealth Advisors
Hermitage,
Pennsylvania
| $8K | +$9.76K | +375 | New |
|
|
FWM
52
Focused Wealth Management
Newburgh,
New York
| $5K | – | – | – |
|
|
WCM
53
Windsor Capital Management
Phoenix,
Arizona
| $3K | +$4.55K | +175 | New |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| $1K | -$18.5K | -711 | -93% |
|
|
SSB
55
Sandy Spring Bank
Olney,
Maryland
| $1K | – | – | – |
|
|
56
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$356K | -11,877 | Closed |
|
|
MIG
57
Mariner Investment Group
Harrison,
New York
| – | -$75K | -2,500 | Closed |
|
|
SCA
58
Strategic Capital Alternatives
Gig Harbor,
United States
| – | -$11K | -360 | Closed |
|
|
BRWM
59
B. Riley Wealth Management
Memphis,
Tennessee
| – | -$10K | -335 | Closed |
|
NCZ Hedge Fund Activity: Q3 2015 in Review
54 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2015, worth a combined $40.8M — down 17% from $48.8M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NCZ positions and 4 closed out — a net gain of 11 holders — while 16 added to existing stakes and 15 trimmed.
The largest buyer was Doliver Advisors, adding an estimated $3.43M. The largest seller was LPL Financial, cutting an estimated $6.83M.
- 54 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2015, up from 43 in Q2 2015.
- Funds reported $40.8M of Virtus Convertible & Income Fund II stock for Q3 2015, down 17% quarter-over-quarter.
- 15 funds opened new Virtus Convertible & Income Fund II positions in Q3 2015 and 4 closed out, a net change of +11 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q3 2015 was Doliver Advisors, an estimated $3.43M added.
- The largest Virtus Convertible & Income Fund II seller in Q3 2015 was LPL Financial, an estimated $6.83M sold.
Based on aggregated 13F filings for Q3 2015.