Virtus Convertible & Income Fund II
NCZ
52 hedge funds and large institutions have $42.6M invested in Virtus Convertible & Income Fund II in 2019 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 16 increasing their positions, 10 reducing their positions, and 7 closing their positions.
100% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 7
60% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 10
13% more funds holding
Funds holding: 46 → 52 (+6)
5% more capital invested
Capital invested by funds: $40.7M → $42.6M (+$1.86M)
0.42% more ownership
Funds ownership: 2.44% → 2.85% (+0.42%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$2.8M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.21M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.11M |
| 4 |
Morgan Stanley
New York
|
+$637K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$431K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$548K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$219K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$126K |
| 4 |
QCIG
Quad-Cities Investment Group
Davenport,
Iowa
|
-$81.5K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
-$78K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
JP Morgan Chase
New York
| $1K | +$1K | +49 | New |
|
|
52
Baird Financial Group
Milwaukee,
Wisconsin
| – | -$548K | -23,949 | Closed |
|
|
WS
53
Wedbush Securities
Los Angeles,
California
| – | -$78K | -3,391 | Closed |
|
|
GIA
54
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
| – | -$63K | -2,775 | Closed |
|
|
TSS
55
Two Sigma Securities
New York
| – | -$63K | -2,757 | Closed |
|
|
CFGS
56
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$38.7K | -1,891 | Closed |
|
|
AIC
57
Ameritas Investment Company
Lincoln,
Nebraska
| – | -$10K | -416 | Closed |
|
|
FHB
58
First Hawaiian Bank
Honolulu,
Hawaii
| – | -$4K | -161 | Closed |
|
59
Fidelity Investments
Boston,
Massachusetts
| – | +$20 | +1 | New |
|
NCZ Hedge Fund Activity: Q2 2019 in Review
52 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2019, worth a combined $42.6M — up 4.6% from $40.7M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new NCZ positions and 7 closed out — a net gain of 7 holders — while 16 added to existing stakes and 10 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $2.8M. The largest seller was Baird Financial Group, exiting entirely with an estimated $548K sold.
- 52 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2019, up from 46 in Q1 2019.
- Funds reported $42.6M of Virtus Convertible & Income Fund II stock for Q2 2019, up 4.6% quarter-over-quarter.
- 14 funds opened new Virtus Convertible & Income Fund II positions in Q2 2019 and 7 closed out, a net change of +7 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2019 was Cohen & Steers, an estimated $2.8M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2019 was Baird Financial Group, an estimated $548K sold.
Based on aggregated 13F filings for Q2 2019.