Virtus Convertible & Income Fund II
NCZ
78 hedge funds and large institutions have $101M invested in Virtus Convertible & Income Fund II in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 32 increasing their positions, 17 reducing their positions, and 13 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 17
62% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 13
59% more capital invested
Capital invested by funds: $63.6M → $101M (+$37.8M)
10% more funds holding
Funds holding: 71 → 78 (+7)
3.61% more ownership
Funds ownership: 7.56% → 11.17% (+3.6%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$24M |
| 2 |
HBCM
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
+$2.48M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$893K |
| 4 |
Comerica Bank
Dallas,
Texas
|
+$694K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$573K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$2.55M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$424K |
| 3 |
SA
SFI Advisors
Montclair,
New Jersey
|
-$223K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$194K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$175K |
NCZ Hedge Fund Activity: Q4 2023 in Review
78 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2023, worth a combined $101M — up 59% from $63.6M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NCZ positions and 13 closed out — a net gain of 8 holders — while 32 added to existing stakes and 17 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $24M. The largest seller was Saba Capital Management, cutting an estimated $2.55M.
- 78 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2023, up from 71 in Q3 2023.
- Funds reported $101M of Virtus Convertible & Income Fund II stock for Q4 2023, up 59% quarter-over-quarter.
- 21 funds opened new Virtus Convertible & Income Fund II positions in Q4 2023 and 13 closed out, a net change of +8 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q4 2023 was Morgan Stanley, an estimated $24M added.
- The largest Virtus Convertible & Income Fund II seller in Q4 2023 was Saba Capital Management, an estimated $2.55M sold.
Based on aggregated 13F filings for Q4 2023.