Virtus Convertible & Income Fund II
NCZ
52 hedge funds and large institutions have $34.6M invested in Virtus Convertible & Income Fund II in 2018 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 6 closing their positions.
133% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 6
18% more funds holding
Funds holding: 44 → 52 (+8)
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
0.07% less ownership
Funds ownership: 2.63% → 2.56% (-0.07%)
29% less capital invested
Capital invested by funds: $48.5M → $34.6M (-$13.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.84M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$685K |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$436K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$429K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$372K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.88M |
| 3 |
Cohen & Steers
New York
|
-$1.29M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$785K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$166K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IA
51
IFP Advisors
Tampa,
Florida
| $1K | -$6.06K | -281 | -86% |
|
|
FIA
52
FNY Investment Advisers
New York
| $1K | +$280 | +13 | +23% |
|
53
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$97K | -3,925 | Closed |
|
|
LA
54
LexAurum Advisors
Overland Park,
Kansas
| – | -$63K | -2,573 | Closed |
|
55
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$20K | -819 | Closed |
|
|
CFA
56
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$18K | -750 | Closed |
|
|
WSTAM
57
Wilbanks Smith & Thomas Asset Management
Norfolk,
Virginia
| – | -$2K | -99 | Closed |
|
58
Citigroup
New York
| – | -$1K | -50 | Closed |
|
NCZ Hedge Fund Activity: Q4 2018 in Review
52 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2018, worth a combined $34.6M — down 29% from $48.5M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NCZ positions and 6 closed out — a net gain of 8 holders — while 14 added to existing stakes and 14 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $1.84M. The largest seller was Bank of America, cutting an estimated $3M.
- 52 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2018, up from 44 in Q3 2018.
- Funds reported $34.6M of Virtus Convertible & Income Fund II stock for Q4 2018, down 29% quarter-over-quarter.
- 14 funds opened new Virtus Convertible & Income Fund II positions in Q4 2018 and 6 closed out, a net change of +8 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q4 2018 was Royal Bank of Canada, an estimated $1.84M added.
- The largest Virtus Convertible & Income Fund II seller in Q4 2018 was Bank of America, an estimated $3M sold.
Based on aggregated 13F filings for Q4 2018.