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NCZ

Virtus Convertible & Income Fund II
NCZ

54 hedge funds and large institutions have $61.9M invested in Virtus Convertible & Income Fund II in 2019 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 10 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 10

44% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 9

23% more capital invested

Capital invested by funds: $50.2M → $61.9M (+$11.7M)

6% more funds holding

Funds holding: 51 → 54 (+3)

0.7% more ownership

Funds ownership: 3.29% → 3.99% (+0.7%)

Holders
54
Holders Change
+3
Holders Change %
+5.88%
% of All Funds
1.06%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
20
Reduced
10
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Cohen & Steers
Cohen & Steers
New York
+$1.52M
2
LCM
Landscape Capital Management
New Jersey
+$1.36M
3
CPC
Congress Park Capital
New York
+$1.15M
4
AAM
Advisors Asset Management
Colorado
+$1.12M
5
RCM
Rivernorth Capital Management
Florida
+$1.1M

Top Sellers

Rank Fund Capital Flow
1
BPWA
Beacon Pointe Wealth Advisors
California
-$684K
2
SFS
Shaker Financial Services
Virginia
-$255K
3
Morgan Stanley
Morgan Stanley
New York
-$167K
4
LPL Financial
LPL Financial
California
-$158K
5
UBS Group
UBS Group
Switzerland
-$72.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
FWM
51
Focused Wealth Management
New York
$5K – – –
PAM
52
Panagora Asset Management
Massachusetts
$4K -$5.81K -290 -58%
THWM
53
Taylor Hoffman Wealth Management
Virginia
$2K – – –
BPWA
54
Beacon Pointe Wealth Advisors
California
– -$684K -33,967 Closed
SFS
55
Shaker Financial Services
Virginia
– -$255K -12,650 Closed
AAS
56
Avantax Advisory Services
Texas
– -$67K -3,399 Closed
QCIG
57
Quad-Cities Investment Group
Iowa
– -$63K -3,194 Closed
FFA
58
First Foundation Advisors
California
– -$59K -2,940 Closed
KA
59
Kovack Advisors
Florida
– -$56K -2,798 Closed
EFS
60
Essex Financial Services
Connecticut
– -$50K -2,500 Closed
CFA
61
Carroll Financial Associates
North Carolina
– -$19K -981 Closed
CAC
62
Certified Advisory Corp
Florida
– -$13K -635 Closed
Fidelity Investments
63
Fidelity Investments
Massachusetts
– +$20 +1 New
1 2
3

NCZ Hedge Fund Activity: Q4 2019 in Review

54 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2019, worth a combined $61.9M — up 23% from $50.2M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new NCZ positions and 9 closed out — a net gain of 4 holders — while 20 added to existing stakes and 10 trimmed.

The largest buyer was Cohen & Steers, adding an estimated $1.52M. The largest seller was Beacon Pointe Wealth Advisors, exiting entirely with an estimated $684K sold.

  • 54 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2019, up from 51 in Q3 2019.
  • Funds reported $61.9M of Virtus Convertible & Income Fund II stock for Q4 2019, up 23% quarter-over-quarter.
  • 13 funds opened new Virtus Convertible & Income Fund II positions in Q4 2019 and 9 closed out, a net change of +4 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q4 2019 was Cohen & Steers, an estimated $1.52M added.
  • The largest Virtus Convertible & Income Fund II seller in Q4 2019 was Beacon Pointe Wealth Advisors, an estimated $684K sold.

Based on aggregated 13F filings for Q4 2019.