Virtus Convertible & Income Fund II
NCZ
51 hedge funds and large institutions have $50.2M invested in Virtus Convertible & Income Fund II in 2019 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 9 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
18% more capital invested
Capital invested by funds: $42.6M → $50.2M (+$7.64M)
0.44% more ownership
Funds ownership: 2.85% → 3.29% (+0.44%)
2% less funds holding
Funds holding: 52 → 51 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$3.88M |
| 2 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.55M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.09M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$736K |
| 5 |
BPWA
Beacon Pointe Wealth Advisors
Newport Beach,
California
|
+$687K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$874K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$244K |
| 3 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$238K |
| 4 |
QOP
Quinn Opportunity Partners
Charlottesville,
Virginia
|
-$121K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$95.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
THWM
51
Taylor Hoffman Wealth Management
Richmond,
Virginia
| $2K | – | – | – |
|
|
QOP
52
Quinn Opportunity Partners
Charlottesville,
Virginia
| – | -$121K | -62,500 | Closed |
|
|
UCFA
53
United Capital Financial Advisors
Irving,
Texas
| – | -$238K | -11,776 | Closed |
|
54
Envestnet Asset Management
Chicago,
Illinois
| – | -$59K | -2,939 | Closed |
|
|
CIA
55
Capital Investment Advisors
Atlanta,
Georgia
| – | -$57K | -2,819 | Closed |
|
56
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$51K | -2,500 | Closed |
|
|
FMII
57
Farmers & Merchants Investments Inc
Lincoln,
Nebraska
| – | -$6K | -320 | Closed |
|
|
PCG
58
Private Capital Group
West Hartford,
Connecticut
| – | -$3K | -138 | Closed |
|
59
JP Morgan Chase
New York
| – | -$1K | -49 | Closed |
|
NCZ Hedge Fund Activity: Q3 2019 in Review
51 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2019, worth a combined $50.2M — up 18% from $42.6M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NCZ and 8 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 19 added.
The largest buyer was Cohen & Steers, adding an estimated $3.88M. The largest seller was Guggenheim Capital, cutting an estimated $874K.
- 51 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2019, down from 52 in Q2 2019.
- Funds reported $50.2M of Virtus Convertible & Income Fund II stock for Q3 2019, up 18% quarter-over-quarter.
- 8 funds opened new Virtus Convertible & Income Fund II positions in Q3 2019 and 9 closed out, a net change of -1 holder.
- The largest Virtus Convertible & Income Fund II buyer in Q3 2019 was Cohen & Steers, an estimated $3.88M added.
- The largest Virtus Convertible & Income Fund II seller in Q3 2019 was Guggenheim Capital, an estimated $874K sold.
Based on aggregated 13F filings for Q3 2019.