Virtus Convertible & Income Fund II
NCZ
53 hedge funds and large institutions have $60.3M invested in Virtus Convertible & Income Fund II in 2017 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 17 reducing their positions, and 7 closing their positions.
14% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 7
2% more funds holding
Funds holding: 52 → 53 (+1)
0% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 17
0.15% less ownership
Funds ownership: 3.38% → 3.24% (-0.15%)
4% less capital invested
Capital invested by funds: $62.7M → $60.3M (-$2.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.39M |
| 2 |
Morgan Stanley
New York
|
+$2.3M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$767K |
| 4 |
LCM
Laurion Capital Management
New York
|
+$600K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$518K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$6.26M |
| 2 |
BI
Bramshill Investments
Naples,
Florida
|
-$2.89M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$807K |
| 4 |
Cohen & Steers
New York
|
-$570K |
| 5 |
NFG
Next Financial Group
Houston,
Texas
|
-$517K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BC
51
Barnett & Company
Chattanooga,
Tennessee
| $8K | – | – | – |
|
|
FWM
52
Focused Wealth Management
Newburgh,
New York
| $4K | -$1.18K | -47 | -21% |
|
53
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $3K | – | – | – |
|
54
Citigroup
New York
| $1K | -$6.26K | -250 | -83% |
|
|
BI
55
Bramshill Investments
Naples,
Florida
| – | -$2.89M | -116,116 | Closed |
|
56
Stifel Financial
St. Louis,
Missouri
| – | -$68K | -2,687 | Closed |
|
|
SPC
57
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$66K | -2,673 | Closed |
|
|
CA
58
Cetera Advisors
Denver,
Colorado
| – | -$65K | -2,619 | Closed |
|
|
PCM
59
Penserra Capital Management
Orinda,
California
| – | -$7K | -287 | Closed |
|
|
GRP
60
Global Retirement Partners
San Rafael,
California
| – | -$6K | -250 | Closed |
|
|
TRCT
61
Tower Research Capital (TRC)
New York
| – | -$1K | -44 | Closed |
|
NCZ Hedge Fund Activity: Q3 2017 in Review
53 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2017, worth a combined $60.3M — down 3.8% from $62.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NCZ positions and 7 closed out — a net gain of 1 holder — while 17 added to existing stakes and 17 trimmed.
The largest buyer was Ameriprise, adding an estimated $4.39M. The largest seller was Sit Investment Associates, cutting an estimated $6.26M.
- 53 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2017, up from 52 in Q2 2017.
- Funds reported $60.3M of Virtus Convertible & Income Fund II stock for Q3 2017, down 3.8% quarter-over-quarter.
- 8 funds opened new Virtus Convertible & Income Fund II positions in Q3 2017 and 7 closed out, a net change of +1 holder.
- The largest Virtus Convertible & Income Fund II buyer in Q3 2017 was Ameriprise, an estimated $4.39M added.
- The largest Virtus Convertible & Income Fund II seller in Q3 2017 was Sit Investment Associates, an estimated $6.26M sold.
Based on aggregated 13F filings for Q3 2017.