Virtus Convertible & Income Fund II
NCZ
46 hedge funds and large institutions have $40.7M invested in Virtus Convertible & Income Fund II in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 10 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
18% more capital invested
Capital invested by funds: $34.6M → $40.7M (+$6.07M)
0.12% less ownership
Funds ownership: 2.56% → 2.44% (-0.12%)
12% less funds holding
Funds holding: 52 → 46 (-6)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
+$1.35M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$935K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$640K |
| 4 |
Morgan Stanley
New York
|
+$517K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$318K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.85M |
| 2 |
Cohen & Steers
New York
|
-$1.44M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$572K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$490K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$358K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
51
Wolverine Asset Management
Chicago,
Illinois
| – | -$109K | -6,093 | Closed |
|
52
Jane Street
New York
| – | -$96K | -5,328 | Closed |
|
53
Goldman Sachs
New York
| – | -$85K | -4,710 | Closed |
|
|
VF
54
Virtu Financial
New York
| – | -$84K | -4,669 | Closed |
|
55
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$25K | -1,373 | Closed |
|
|
FIA
56
FNY Investment Advisers
New York
| – | -$1K | -69 | Closed |
|
NCZ Hedge Fund Activity: Q1 2019 in Review
46 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2019, worth a combined $40.7M — up 18% from $34.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NCZ and 4 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 18 added.
The largest buyer was Quinn Opportunity Partners, opening a new position worth an estimated $1.35M. The largest seller was Royal Bank of Canada, cutting an estimated $1.85M.
- 46 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2019, down from 52 in Q4 2018.
- Funds reported $40.7M of Virtus Convertible & Income Fund II stock for Q1 2019, up 18% quarter-over-quarter.
- 4 funds opened new Virtus Convertible & Income Fund II positions in Q1 2019 and 10 closed out, a net change of -6 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2019 was Quinn Opportunity Partners, an estimated $1.35M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2019 was Royal Bank of Canada, an estimated $1.85M sold.
Based on aggregated 13F filings for Q1 2019.