Virtus Convertible & Income Fund II
NCZ
56 hedge funds and large institutions have $54.7M invested in Virtus Convertible & Income Fund II in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 16 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: 55 → 56 (+1)
0.09% less ownership
Funds ownership: 3.17% → 3.08% (-0.09%)
6% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 17
7% less capital invested
Capital invested by funds: $58.6M → $54.7M (-$3.94M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$588K |
| 3 |
CM
Churchill Management
Los Angeles,
California
|
+$150K |
| 4 |
TA
Townsend & Associates
Westminster,
Colorado
|
+$130K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$128K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.77M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$669K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$615K |
| 4 |
Cohen & Steers
New York
|
-$564K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$384K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OPWM
51
Oak Point Wealth Management
Portage,
Michigan
| $6K | – | – | – |
|
|
FWM
52
Focused Wealth Management
Newburgh,
New York
| $5K | – | – | – |
|
53
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $3K | – | – | – |
|
|
THWM
54
Taylor Hoffman Wealth Management
Richmond,
Virginia
| $2K | – | – | – |
|
55
Citigroup
New York
| $1K | -$9.37K | -382 | -88% |
|
|
CAN
56
Cetera Advisor Networks
El Segundo,
California
| – | -$131K | -5,261 | Closed |
|
|
DA
57
Doliver Advisors
Houston,
Texas
| – | -$117K | -4,719 | Closed |
|
58
Citadel Advisors
Miami,
Florida
| – | -$98K | -3,946 | Closed |
|
|
CA
59
Calton & Associates
Tampa,
Florida
| – | -$11K | -440 | Closed |
|
60
First Manhattan
New York
| – | -$9K | -388 | Closed |
|
|
FGC
61
Financial Gravity Companies
Lakeway,
Texas
| – | -$4K | -142 | Closed |
|
|
BCI
62
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$123 | -5 | Closed |
|
|
GI
63
Gradient Investments
Arden Hills,
Minnesota
| – | +$172 | +7 | New |
|
NCZ Hedge Fund Activity: Q1 2018 in Review
56 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2018, worth a combined $54.7M — down 6.7% from $58.6M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NCZ positions and 7 closed out — a net gain of 1 holder — while 16 added to existing stakes and 17 trimmed.
The largest buyer was Ameriprise, adding an estimated $1.9M. The largest seller was Guggenheim Capital, cutting an estimated $1.77M.
- 56 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2018, up from 55 in Q4 2017.
- Funds reported $54.7M of Virtus Convertible & Income Fund II stock for Q1 2018, down 6.7% quarter-over-quarter.
- 8 funds opened new Virtus Convertible & Income Fund II positions in Q1 2018 and 7 closed out, a net change of +1 holder.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2018 was Ameriprise, an estimated $1.9M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2018 was Guggenheim Capital, an estimated $1.77M sold.
Based on aggregated 13F filings for Q1 2018.