Virtus Convertible & Income Fund II
NCZ
53 hedge funds and large institutions have $60.1M invested in Virtus Convertible & Income Fund II in 2016 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 21 increasing their positions, 10 reducing their positions, and 8 closing their positions.
110% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 10
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
10% more capital invested
Capital invested by funds: $54.4M → $60.1M (+$5.67M)
0% more funds holding
Funds holding: 53 → 53 (0)
0.04% less ownership
Funds ownership: 3.44% → 3.4% (-0.04%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$2.18M |
| 2 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.4M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$996K |
| 4 |
Cohen & Steers
New York
|
+$720K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$592K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$2.03M |
| 2 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$1.42M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$579K |
| 4 |
Citigroup
New York
|
-$382K |
| 5 |
SG Americas Securities
New York
|
-$222K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
51
Penserra Capital Management
Orinda,
California
| $6K | +$1.49K | +65 | +33% |
|
|
FWM
52
Focused Wealth Management
Newburgh,
New York
| $5K | – | – | – |
|
|
53
Citigroup
New York
| $1K | -$382K | -16,629 | -100% |
|
|
CA
54
Cornerstone Advisors
Asheville,
North Carolina
| – | -$579K | -27,282 | Closed |
|
|
55
SG Americas Securities
New York
| – | -$222K | -10,468 | Closed |
|
|
DA
56
Doliver Advisors
Houston,
Texas
| – | -$132K | -6,203 | Closed |
|
|
LIM
57
Leavell Investment Management
Mobile,
Alabama
| – | -$58K | -2,725 | Closed |
|
|
DADC
58
D.A. Davidson & Co
Great Falls,
Montana
| – | -$48K | -2,265 | Closed |
|
59
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$24K | -1,119 | Closed |
|
60
Envestnet Asset Management
Chicago,
Illinois
| – | -$16K | -773 | Closed |
|
61
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$9K | -426 | Closed |
|
62
SEI Investments
Oaks,
Pennsylvania
| – | +$367 | +16 | New |
|
NCZ Hedge Fund Activity: Q3 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 Q3 2016, worth a combined $60.1M — up 10% from $54.4M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NCZ positions and 8 closed out — a net gain of 2 holders — while 21 added to existing stakes and 10 trimmed.
The largest buyer was Guggenheim Capital, adding an estimated $2.18M. The largest seller was UBS Group, cutting an estimated $2.03M.
- 53 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2016, unchanged from Q2 2016.
- Funds reported $60.1M of Virtus Convertible & Income Fund II stock for Q3 2016, up 10% quarter-over-quarter.
- 10 funds opened new Virtus Convertible & Income Fund II positions in Q3 2016 and 8 closed out, a net change of +2 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q3 2016 was Guggenheim Capital, an estimated $2.18M added.
- The largest Virtus Convertible & Income Fund II seller in Q3 2016 was UBS Group, an estimated $2.03M sold.
Based on aggregated 13F filings for Q3 2016.