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NCZ

Virtus Convertible & Income Fund II
NCZ

62 hedge funds and large institutions have $98.7M invested in Virtus Convertible & Income Fund II in 2021 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 15

5% more capital invested

Capital invested by funds: $93.8M → $98.7M (+$4.95M)

0.47% more ownership

Funds ownership: 6.02% → 6.49% (+0.47%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less funds holding

Funds holding: 65 → 62 (-3)

19% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 16

Holders
62
Holders Change
-3
Holders Change %
-4.62%
% of All Funds
1.09%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
13
Increased
19
Reduced
15
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$5.25M
2
SCM
Saba Capital Management
New York
+$2.71M
3
PPA
Parametric Portfolio Associates
Washington
+$2.67M
4
AAM
Advisors Asset Management
Colorado
+$1.79M
5
SFS
Shaker Financial Services
Virginia
+$1.2M

Top Sellers

Rank Fund Capital Flow
1
LCM
Landscape Capital Management
New Jersey
-$5.2M
2
Cohen & Steers
Cohen & Steers
New York
-$3.33M
3
GC
Guggenheim Capital
Illinois
-$1.04M
4
CRC
Curi RMB Capital
Illinois
-$990K
5
Cerity Partners
Cerity Partners
New York
-$717K
Name Holding Trade Value Shares
Change 		Change in
Stake
HI
51
Harbour Investments
Wisconsin
$45K +$45.5K +2,241 New
Fifth Third Bancorp
52
Fifth Third Bancorp
Ohio
$44K +$45.4K +2,233 New
CFGS
53
Concourse Financial Group Securities
Alabama
$35K – – –
HWM
54
HighMark Wealth Management
Minnesota
$22K – – –
SFS
55
Sowell Financial Services
Arkansas
$22K – – –
GWM
56
Geneos Wealth Management
Colorado
$20K – – –
Citigroup
57
Citigroup
New York
$20K +$2.91K +143 +16%
NFSG
58
Newbridge Financial Services Group
Florida
$18K -$5.85K -288 -24%
APWA
59
Atlas Private Wealth Advisors
New Jersey
$10K – – –
US Bancorp
60
US Bancorp
Minnesota
$8K – – –
FWM
61
Focused Wealth Management
New York
$5K +$81 +4 +2%
MF
62
Manchester Financial
California
$4K +$4.57K +225 New
CRC
63
Curi RMB Capital
Illinois
– -$990K -48,602 Closed
Cerity Partners
64
Cerity Partners
New York
– -$717K -35,221 Closed
DA
65
Doliver Advisors
Texas
– -$230K -11,286 Closed
SIC
66
Samalin Investment Counsel
New York
– -$158K -7,757 Closed
TA
67
Townsend & Associates
Colorado
– -$149K -7,298 Closed
CSPIA
68
Cary Street Partners Investment Advisory
Virginia
– -$115K -5,641 Closed
CFG
69
Cooper Financial Group
California
– -$100K -4,931 Closed
MGIA
70
Moneta Group Investment Advisors
Missouri
– -$75K -3,684 Closed
Ameriprise
71
Ameriprise
Minnesota
– -$59K -2,883 Closed
CAN
72
Cetera Advisor Networks
California
– -$53K -2,601 Closed
C
73
Certuity
Florida
– -$53K -2,599 Closed
ASN
74
Advisory Services Network
Georgia
– -$10K -500 Closed
Bank of Montreal
75
Bank of Montreal
Ontario, Canada
– -$10K -500 Closed
1 2
3
4

NCZ Hedge Fund Activity: Q1 2021 in Review

62 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2021, worth a combined $98.7M — up 5.3% from $93.8M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of NCZ and 13 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 19 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $5.25M. The largest seller was Landscape Capital Management, cutting an estimated $5.2M.

  • 62 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2021, down from 65 in Q4 2020.
  • Funds reported $98.7M of Virtus Convertible & Income Fund II stock for Q1 2021, up 5.3% quarter-over-quarter.
  • 13 funds opened new Virtus Convertible & Income Fund II positions in Q1 2021 and 16 closed out, a net change of -3 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q1 2021 was Rivernorth Capital Management, an estimated $5.25M added.
  • The largest Virtus Convertible & Income Fund II seller in Q1 2021 was Landscape Capital Management, an estimated $5.2M sold.

Based on aggregated 13F filings for Q1 2021.