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NCZ

Virtus Convertible & Income Fund II
NCZ

57 hedge funds and large institutions have $60.5M invested in Virtus Convertible & Income Fund II in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 9 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

156% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 9

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

8% more funds holding

Funds holding: 53 → 57 (+4)

1% more capital invested

Capital invested by funds: $60.1M → $60.5M (+$446K)

0.15% more ownership

Funds ownership: 3.4% → 3.55% (+0.15%)

Holders
57
Holders Change
+4
Holders Change %
+7.55%
% of All Funds
1.42%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
23
Reduced
9
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SIA
Sit Investment Associates
Minnesota
+$1.25M
2
GC
Guggenheim Capital
Illinois
+$1.23M
3
LCM
Laurion Capital Management
New York
+$869K
4
AAM
Advisors Asset Management
Colorado
+$742K
5
Bank of America
Bank of America
North Carolina
+$564K

Top Sellers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
-$1.96M
2
CIA
Capital Investment Advisors
Georgia
-$472K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$304K
4
MFS
MSI Financial Services
Massachusetts
-$226K
5
CA
Cetera Advisors
Colorado
-$93K
Name Holding Trade Value Shares
Change 		Change in
Stake
FNBT
51
FineMark National Bank & Trust
Florida
$7K +$7.37K +325 New
PCM
52
Penserra Capital Management
California
$6K +$748 +33 +13%
GRP
53
Global Retirement Partners
California
$6K +$5.67K +250 New
FWM
54
Focused Wealth Management
New York
$5K – – –
PNC Financial Services Group
55
PNC Financial Services Group
Pennsylvania
$4K +$3.97K +175 New
Carson Wealth (CWM LLC)
56
Carson Wealth (CWM LLC)
Nebraska
$3K +$2.54K +112 New
Northwestern Mutual Wealth Management
57
Northwestern Mutual Wealth Management
Wisconsin
$2K +$1.72K +76 New
CIA
58
Capital Investment Advisors
Georgia
– -$472K -19,888 Closed
Cambridge Investment Research Advisors
59
Cambridge Investment Research Advisors
Iowa
– -$304K -12,799 Closed
CA
60
Cetera Advisors
Colorado
– -$93K -3,860 Closed
CT
61
CMT Trading
Illinois
– -$89K -3,750 Closed
Citadel Advisors
62
Citadel Advisors
Florida
– -$88K -3,701 Closed
MWP
63
MYCIO Wealth Partners
Pennsylvania
– -$42K -1,770 Closed
DADC
64
D.A. Davidson & Co
Montana
– +$567 +25 New
1 2
3

NCZ Hedge Fund Activity: Q4 2016 in Review

57 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2016, worth a combined $60.5M — up 0.74% from $60.1M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new NCZ positions and 6 closed out — a net gain of 5 holders — while 23 added to existing stakes and 9 trimmed.

The largest buyer was Sit Investment Associates, adding an estimated $1.25M. The largest seller was Cohen & Steers, cutting an estimated $1.96M.

  • 57 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2016, up from 53 in Q3 2016.
  • Funds reported $60.5M of Virtus Convertible & Income Fund II stock for Q4 2016, up 0.74% quarter-over-quarter.
  • 11 funds opened new Virtus Convertible & Income Fund II positions in Q4 2016 and 6 closed out, a net change of +5 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q4 2016 was Sit Investment Associates, an estimated $1.25M added.
  • The largest Virtus Convertible & Income Fund II seller in Q4 2016 was Cohen & Steers, an estimated $1.96M sold.

Based on aggregated 13F filings for Q4 2016.