Virtus Convertible & Income Fund II
NCZ
50 hedge funds and large institutions have $46.5M invested in Virtus Convertible & Income Fund II in 2020 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 22 increasing their positions, 9 reducing their positions, and 13 closing their positions.
144% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 9
1.8% more ownership
Funds ownership: 3.99% → 5.79% (+1.8%)
7% less funds holding
Funds holding: 54 → 50 (-4)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
25% less capital invested
Capital invested by funds: $61.9M → $46.5M (-$15.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.07M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.48M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.6M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.57M |
| 5 |
MC
Matisse Capital
Portland,
Oregon
|
+$1.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.12M |
| 2 |
Morgan Stanley
New York
|
-$961K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$307K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$258K |
| 5 |
KOMWMG
Kerntke Otto McGlone Wealth Management Group
Appleton,
Wisconsin
|
-$247K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
51
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1.12M | -54,758 | Closed |
|
|
52
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$258K | -12,594 | Closed |
|
|
BCA
53
Biltmore Capital Advisors
Princeton,
New Jersey
| – | -$212K | -10,375 | Closed |
|
|
SC
54
Savant Capital
Rockford,
Illinois
| – | -$131K | -6,413 | Closed |
|
55
Creative Planning
Overland Park,
Kansas
| – | -$127K | -6,225 | Closed |
|
|
MIG
56
Mariner Investment Group
Harrison,
New York
| – | -$102K | -5,000 | Closed |
|
|
FIA
57
FNY Investment Advisers
New York
| – | -$64K | -3,140 | Closed |
|
|
BB
58
Busey Bank
Urbana,
Illinois
| – | -$39K | -1,920 | Closed |
|
|
RIA
59
Realta Investment Advisors
Wilmington,
Delaware
| – | -$17K | -882 | Closed |
|
60
Rockefeller Capital Management
New York
| – | -$10K | -509 | Closed |
|
|
RCM
61
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$8K | -393 | Closed |
|
|
THWM
62
Taylor Hoffman Wealth Management
Richmond,
Virginia
| – | -$2K | -92 | Closed |
|
NCZ Hedge Fund Activity: Q1 2020 in Review
50 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2020, worth a combined $46.5M — down 25% from $61.9M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NCZ and 11 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 22 added.
The largest buyer was Ameriprise, adding an estimated $4.07M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.12M sold.
- 50 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2020, down from 54 in Q4 2019.
- Funds reported $46.5M of Virtus Convertible & Income Fund II stock for Q1 2020, down 25% quarter-over-quarter.
- 11 funds opened new Virtus Convertible & Income Fund II positions in Q1 2020 and 13 closed out, a net change of -2 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2020 was Ameriprise, an estimated $4.07M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2020 was Rivernorth Capital Management, an estimated $1.12M sold.
Based on aggregated 13F filings for Q1 2020.