Virtus Convertible & Income Fund II
NCZ
49 hedge funds and large institutions have $63M invested in Virtus Convertible & Income Fund II in 2017 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 13 reducing their positions, and 14 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 13
4% more capital invested
Capital invested by funds: $60.5M → $63M (+$2.51M)
0.05% less ownership
Funds ownership: 3.55% → 3.5% (-0.05%)
14% less funds holding
Funds holding: 57 → 49 (-8)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.19M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$911K |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$383K |
| 4 |
Invesco
Atlanta,
Georgia
|
+$361K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$310K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$1.71M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$876K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$538K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$478K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$303K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BRWA
51
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$303K | -13,263 | Closed |
|
|
RJFSA
52
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$215K | -9,403 | Closed |
|
|
VKH
53
Virtu KCG Holdings
New York
| – | -$147K | -6,451 | Closed |
|
|
AA
54
Advisory Alpha
Holland,
Michigan
| – | -$76K | -3,066 | Closed |
|
|
N
55
Nuveen
Charlotte,
North Carolina
| – | -$69K | -3,012 | Closed |
|
|
HCM
56
Hollencrest Capital Management
Newport Beach,
California
| – | -$61K | -2,645 | Closed |
|
57
Stifel Financial
St. Louis,
Missouri
| – | -$57K | -2,504 | Closed |
|
58
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$56K | -2,500 | Closed |
|
59
SEI Investments
Oaks,
Pennsylvania
| – | -$20.7K | -862 | -98% |
|
60
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$17K | -765 | Closed |
|
|
DAM
61
Delta Asset Management
Memphis,
Tennessee
| – | -$13K | -548 | Closed |
|
|
FNBT
62
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$7K | -325 | Closed |
|
63
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$4K | -175 | Closed |
|
NCZ Hedge Fund Activity: Q1 2017 in Review
49 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2017, worth a combined $63M — up 4.2% from $60.5M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NCZ and 7 opened new positions — a net loss of 7 holders — while 13 trimmed existing stakes and 15 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.19M. The largest seller was Cohen & Steers, cutting an estimated $1.71M.
- 49 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2017, down from 57 in Q4 2016.
- Funds reported $63M of Virtus Convertible & Income Fund II stock for Q1 2017, up 4.2% quarter-over-quarter.
- 7 funds opened new Virtus Convertible & Income Fund II positions in Q1 2017 and 14 closed out, a net change of -7 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2017 was Guggenheim Capital, an estimated $1.19M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2017 was Cohen & Steers, an estimated $1.71M sold.
Based on aggregated 13F filings for Q1 2017.