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NCZ

Virtus Convertible & Income Fund II
NCZ

64 hedge funds and large institutions have $64.9M invested in Virtus Convertible & Income Fund II in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0.59% less ownership

Funds ownership: 5.08% → 4.49% (-0.59%)

9% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 23

4% less funds holding

Funds holding: 67 → 64 (-3)

15% less capital invested

Capital invested by funds: $76.8M → $64.9M (-$11.9M)

22% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
64
Holders Change
-3
Holders Change %
-4.48%
% of All Funds
1.7%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
21
Reduced
23
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GC
Guggenheim Capital
Illinois
+$4.48M
2
PPA
Parametric Portfolio Associates
Washington
+$2.03M
3
Cohen & Steers
Cohen & Steers
New York
+$1.05M
4
AAM
Advisors Asset Management
Colorado
+$967K
5
SIA
Sit Investment Associates
Minnesota
+$695K

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$6.65M
2
RCM
Rivernorth Capital Management
Florida
-$5.9M
3
UBS Group
UBS Group
Switzerland
-$2.17M
4
CA
Cornerstone Advisors
North Carolina
-$1.97M
5
MIG
Mariner Investment Group
New York
-$928K
Name Holding Trade Value Shares
Change 		Change in
Stake
BA
51
BlackRock Advisors
Delaware
$33K – – –
FMP
52
Financial Management Professionals
Texas
$33K +$6.79K +375 +28%
MWP
53
MYCIO Wealth Partners
Pennsylvania
$32K +$1.09K +60 +4%
Envestnet Asset Management
54
Envestnet Asset Management
Illinois
$15K – – –
CFA
55
Carroll Financial Associates
North Carolina
$15K +$452 +25 +3%
IIC
56
Integrated Investment Consultants
Michigan
$12K +$11.3K +625 New
DAM
57
Delta Asset Management
Tennessee
$11K – – –
ASN
58
Advisory Services Network
Georgia
$10K – – –
Deutsche Bank
59
Deutsche Bank
Germany
$8K – – –
First Manhattan
60
First Manhattan
New York
$7K – – –
BC
61
Barnett & Company
Tennessee
$6K – – –
FWM
62
Focused Wealth Management
New York
$4K – – –
IA
63
IFP Advisors
Florida
$3K -$44.3K -2,447 -95%
PCM
64
Penserra Capital Management
California
$3 -$398 -22 -10%
WAM
65
Weiss Asset Management
Massachusetts
– -$703K -34,793 Closed
TC
66
TFS Capital
Pennsylvania
– -$446K -22,091 Closed
VKH
67
Virtu KCG Holdings
New York
– -$324K -16,059 Closed
Squarepoint
68
Squarepoint
New York
– -$193K -9,534 Closed
BTS
69
BB&T Securities
Virginia
– -$186K -9,242 Closed
GWM
70
Gupta Wealth Management
California
– -$11K -557 Closed
CCS
71
Crosspoint Capital Strategies
California
– -$18K -513 Closed
AIA
72
Allegis Investment Advisors
Idaho
– -$5K -250 Closed
US Bancorp
73
US Bancorp
Minnesota
– -$4K -206 Closed
TRCT
74
Tower Research Capital (TRC)
New York
– +$308 +17 New
1 2
3

NCZ Hedge Fund Activity: Q1 2016 in Review

64 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2016, worth a combined $64.9M — down 15% from $76.8M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of NCZ and 7 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 21 added.

The largest buyer was Guggenheim Capital, adding an estimated $4.48M. The largest seller was Landscape Capital Management, cutting an estimated $6.65M.

  • 64 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2016, down from 67 in Q4 2015.
  • Funds reported $64.9M of Virtus Convertible & Income Fund II stock for Q1 2016, down 15% quarter-over-quarter.
  • 7 funds opened new Virtus Convertible & Income Fund II positions in Q1 2016 and 9 closed out, a net change of -2 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q1 2016 was Guggenheim Capital, an estimated $4.48M added.
  • The largest Virtus Convertible & Income Fund II seller in Q1 2016 was Landscape Capital Management, an estimated $6.65M sold.

Based on aggregated 13F filings for Q1 2016.