Virtus Convertible & Income Fund II
NCZ
49 hedge funds and large institutions have $59.5M invested in Virtus Convertible & Income Fund II in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 9 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 10
28% more capital invested
Capital invested by funds: $46.5M → $59.5M (+$13M)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
0.79% less ownership
Funds ownership: 5.79% → 5% (-0.79%)
2% less funds holding
Funds holding: 50 → 49 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.2M |
| 2 |
Cohen & Steers
New York
|
+$1.16M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$937K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$635K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$512K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Osaic Holdings
Scottsdale,
Arizona
|
-$9.33M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.78M |
| 3 |
KOMWMG
Kerntke Otto McGlone Wealth Management Group
Appleton,
Wisconsin
|
-$1.61M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$673K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$589K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KOMWMG
51
Kerntke Otto McGlone Wealth Management Group
Appleton,
Wisconsin
| – | -$1.61M | -121,032 | Closed |
|
52
Goldman Sachs
New York
| – | -$238K | -17,846 | Closed |
|
|
ACM
53
Arlington Capital Management
Arlington Heights,
Illinois
| – | -$211K | -15,821 | Closed |
|
|
CRC
54
Curi RMB Capital
Chicago,
Illinois
| – | -$155K | -11,625 | Closed |
|
55
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$69K | -5,125 | Closed |
|
56
Jane Street
New York
| – | -$35K | -2,615 | Closed |
|
|
WT
57
Washington Trust
Westerly,
Rhode Island
| – | -$22K | -1,625 | Closed |
|
|
ASN
58
Advisory Services Network
Atlanta,
Georgia
| – | -$7K | -500 | Closed |
|
NCZ Hedge Fund Activity: Q2 2020 in Review
49 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2020, worth a combined $59.5M — up 28% from $46.5M a quarter earlier.
Fund positioning in NCZ was balanced in Q2 2020: 9 funds opened new positions, 9 closed out, 19 added to existing stakes and 10 trimmed.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $2.2M. The largest seller was Osaic Holdings, cutting an estimated $9.33M.
- 49 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2020, down from 50 in Q1 2020.
- Funds reported $59.5M of Virtus Convertible & Income Fund II stock for Q2 2020, up 28% quarter-over-quarter.
- 9 funds opened new Virtus Convertible & Income Fund II positions in Q2 2020 and 9 closed out, a net change of 0 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2020 was Parametric Portfolio Associates, an estimated $2.2M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2020 was Osaic Holdings, an estimated $9.33M sold.
Based on aggregated 13F filings for Q2 2020.