Virtus Convertible & Income Fund II
NCZ
53 hedge funds and large institutions have $54.4M invested in Virtus Convertible & Income Fund II in 2016 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 16 reducing their positions, and 16 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 16
1.05% less ownership
Funds ownership: 4.49% → 3.44% (-1%)
16% less capital invested
Capital invested by funds: $64.9M → $54.4M (-$10.5M)
17% less funds holding
Funds holding: 64 → 53 (-11)
69% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$4.87M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.88M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$451K |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$445K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$417K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.06M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$3.33M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.16M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$2.09M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.52M |
NCZ Hedge Fund Activity: Q2 2016 in Review
53 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2016, worth a combined $54.4M — down 16% from $64.9M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NCZ and 5 opened new positions — a net loss of 11 holders — while 16 trimmed existing stakes and 18 added.
The largest buyer was Cohen & Steers, adding an estimated $4.87M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $6.06M sold.
- 53 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2016, down from 64 in Q1 2016.
- Funds reported $54.4M of Virtus Convertible & Income Fund II stock for Q2 2016, down 16% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income Fund II positions in Q2 2016 and 16 closed out, a net change of -11 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2016 was Cohen & Steers, an estimated $4.87M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2016 was Rivernorth Capital Management, an estimated $6.06M sold.
Based on aggregated 13F filings for Q2 2016.