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NCZ

Virtus Convertible & Income Fund II
NCZ

70 hedge funds and large institutions have $60.6M invested in Virtus Convertible & Income Fund II in 2022 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 34 increasing their positions, 17 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 17

56% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 9

11% more capital invested

Capital invested by funds: $54.6M → $60.6M (+$6.05M)

4% more funds holding

Funds holding: 67 → 70 (+3)

0.56% more ownership

Funds ownership: 6.36% → 6.92% (+0.56%)

Holders
70
Holders Change
+3
Holders Change %
+4.48%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
34
Reduced
17
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
+$9.49M
2
LSC
Logan Stone Capital
Illinois
+$1.26M
3
Cohen & Steers
Cohen & Steers
New York
+$1.04M
4
Morgan Stanley
Morgan Stanley
New York
+$439K
5
CPC
Congress Park Capital
New York
+$336K

Top Sellers

Rank Fund Capital Flow
1
HBCM
Heron Bay Capital Management
Michigan
-$3.67M
2
SIA
Sit Investment Associates
Minnesota
-$2.43M
3
AAM
Advisors Asset Management
Colorado
-$1.08M
4
RCM
Robinson Capital Management
Michigan
-$374K
5
QC
Quantedge Capital
Singapore
-$291K
Name Holding Trade Value Shares
Change 		Change in
Stake
PWPS
51
Pinnacle Wealth Planning Services
Ohio
$51.2K +$8.61K +726 +20%
MC
52
Moors & Cabot
Massachusetts
$49K +$14.8K +1,250 +42%
MML Investors Services
53
MML Investors Services
Massachusetts
$44K +$2.68K +226 +6%
CCM
54
Coldstream Capital Management
Washington
$39.7K +$40.9K +3,447 New
Thrivent Financial for Lutherans
55
Thrivent Financial for Lutherans
Minnesota
$39K -$4.5K -379 -10%
CIA
56
Capital Investment Advisors
Georgia
$38K -$59.3K -5,000 -60%
KAS
57
Kestra Advisory Services
Texas
$35.3K +$36.4K +3,066 New
Mercer Global Advisors
58
Mercer Global Advisors
Colorado
$30K +$31K +2,612 New
IA
59
IFP Advisors
Florida
$23K +$996 +84 +8%
UB
60
UMB Bank
Missouri
$16K – – –
EWA
61
EverSource Wealth Advisors
Alabama
$13.3K +$12.8K +1,075 +1,295%
HWM
62
HighMark Wealth Management
Minnesota
$12.8K – – –
CSPIA
63
Cary Street Partners Investment Advisory
Virginia
$10.9K +$11.3K +950 New
Bessemer Group
64
Bessemer Group
New Jersey
$5K +$1.08K +91 +25%
US Bancorp
65
US Bancorp
Minnesota
$4.48K – – –
FWM
66
Focused Wealth Management
New York
$3.19K +$95 +8 +3%
FIA
67
FNY Investment Advisers
New York
$2K – – –
ASN
68
Advisory Services Network
Georgia
$1.15K +$1.19K +100 New
HNB
69
Huntington National Bank
Ohio
$18 – – –
SIA
70
Sit Investment Associates
Minnesota
– -$2.43M -215,171 Closed
RCM
71
Robinson Capital Management
Michigan
– -$374K -33,009 Closed
SFS
72
Shaker Financial Services
Virginia
– -$245K -21,678 Closed
CCP
73
Clough Capital Partners
Massachusetts
– -$213K -18,875 Closed
Comerica Bank
74
Comerica Bank
Texas
– -$96K -8,529 Closed
FPAS
75
Focus Partners Advisor Solutions
Missouri
– -$45K -3,950 Closed
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NCZ Hedge Fund Activity: Q4 2022 in Review

70 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2022, worth a combined $60.6M — up 11% from $54.6M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NCZ positions and 9 closed out — a net gain of 5 holders — while 34 added to existing stakes and 17 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $9.49M. The largest seller was Heron Bay Capital Management, cutting an estimated $3.67M.

  • 70 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2022, up from 67 in Q3 2022.
  • Funds reported $60.6M of Virtus Convertible & Income Fund II stock for Q4 2022, up 11% quarter-over-quarter.
  • 14 funds opened new Virtus Convertible & Income Fund II positions in Q4 2022 and 9 closed out, a net change of +5 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q4 2022 was Saba Capital Management, an estimated $9.49M added.
  • The largest Virtus Convertible & Income Fund II seller in Q4 2022 was Heron Bay Capital Management, an estimated $3.67M sold.

Based on aggregated 13F filings for Q4 2022.