Virtus Convertible & Income Fund II
NCZ
55 hedge funds and large institutions have $58.6M invested in Virtus Convertible & Income Fund II in 2017 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 8 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
4% more funds holding
Funds holding: 53 → 55 (+2)
0.07% less ownership
Funds ownership: 3.24% → 3.17% (-0.07%)
3% less capital invested
Capital invested by funds: $60.3M → $58.6M (-$1.69M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1M |
| 2 |
Morgan Stanley
New York
|
+$625K |
| 3 |
LPL Financial
San Diego,
California
|
+$254K |
| 4 |
Cohen & Steers
New York
|
+$178K |
| 5 |
AG
Advisor Group
Phoenix,
Arizona
|
+$169K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.15M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$618K |
| 3 |
LCM
Laurion Capital Management
New York
|
-$599K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$551K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$446K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OPWM
51
Oak Point Wealth Management
Portage,
Michigan
| $6K | +$5.91K | +238 | New |
|
|
FGC
52
Financial Gravity Companies
Lakeway,
Texas
| $4K | +$3.52K | +142 | New |
|
53
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $3K | – | – | – |
|
|
THWM
54
Taylor Hoffman Wealth Management
Richmond,
Virginia
| $2K | +$2.28K | +92 | New |
|
|
LCM
55
Laurion Capital Management
New York
| – | -$599K | -23,950 | Closed |
|
|
ICOA
56
Investment Centers of America
Bismarck,
North Dakota
| – | -$324K | -12,945 | Closed |
|
|
YP
57
Yellowstone Partners
Idaho Falls,
Idaho
| – | -$130K | -5,200 | Closed |
|
|
SIA
58
Sit Investment Associates
Minneapolis,
Minnesota
| – | -$122K | -4,879 | Closed |
|
59
William Blair & Company
Chicago,
Illinois
| – | -$109K | -4,375 | Closed |
|
|
FPCP
60
Fort Point Capital Partners
San Francisco,
California
| – | -$95K | -3,750 | Closed |
|
61
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$86K | -3,430 | Closed |
|
|
NFG
62
Next Financial Group
Houston,
Texas
| – | -$13K | -503 | Closed |
|
|
BCI
63
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | +$124 | +5 | New |
|
NCZ Hedge Fund Activity: Q4 2017 in Review
55 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2017, worth a combined $58.6M — down 2.8% from $60.3M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NCZ positions and 8 closed out — a net gain of 3 holders — while 19 added to existing stakes and 13 trimmed.
The largest buyer was Ameriprise, adding an estimated $1M. The largest seller was Robinson Capital Management, cutting an estimated $1.15M.
- 55 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2017, up from 53 in Q3 2017.
- Funds reported $58.6M of Virtus Convertible & Income Fund II stock for Q4 2017, down 2.8% quarter-over-quarter.
- 11 funds opened new Virtus Convertible & Income Fund II positions in Q4 2017 and 8 closed out, a net change of +3 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q4 2017 was Ameriprise, an estimated $1M added.
- The largest Virtus Convertible & Income Fund II seller in Q4 2017 was Robinson Capital Management, an estimated $1.15M sold.
Based on aggregated 13F filings for Q4 2017.