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NCZ

Virtus Convertible & Income Fund II
NCZ

57 hedge funds and large institutions have $94.7M invested in Virtus Convertible & Income Fund II in 2025 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 23 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $85.8M → $94.7M (+$8.91M)

5% less funds holding

Funds holding: 60 → 57 (-3)

35% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 23

35.11% less ownership

Funds ownership: 35.11% → 0% (-35%)

38% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 8

Holders
57
Holders Change
-3
Holders Change %
-5%
% of All Funds
0.75%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
15
Reduced
23
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$3.29M
2
PAS
Park Avenue Securities
New York
+$1.23M
3
Bank of America
Bank of America
North Carolina
+$808K
4
AAM
Advisors Asset Management
Colorado
+$786K
5
GC
Guggenheim Capital
Illinois
+$402K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.34M
2
CA
Cornerstone Advisors
North Carolina
-$765K
3
CPC
Congress Park Capital
New York
-$549K
4
ICM
Ionic Capital Management
New York
-$497K
5
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$412K
Name Holding Trade Value Shares
Change 		Change in
Stake
FFO
51
Fortitude Family Office
Arizona
$8.55K – – –
SWP
52
Strategic Wealth Partners
Ohio
$2.76K – – –
BBPWM
53
Blue Bell Private Wealth Management
Pennsylvania
$2.04K – – –
ASN
54
Advisory Services Network
Georgia
$1.53K +$1.49K +112 New
AssetMark Inc
55
AssetMark Inc
California
$1.49K – – –
HWP
56
Highline Wealth Partners
California
$1.03K +$998 +75 New
Fidelity Investments
57
Fidelity Investments
Massachusetts
$41 -$625 -47 -94%
HNB
58
Huntington National Bank
Ohio
$18 – – –
CA
59
Cornerstone Advisors
North Carolina
– -$765K -59,616 Closed
ICM
60
Ionic Capital Management
New York
– -$497K -38,706 Closed
Walleye Capital
61
Walleye Capital
New York
– -$177K -13,819 Closed
JWCA
62
J.W. Cole Advisors
Florida
– -$138K -10,774 Closed
GWM
63
Geneos Wealth Management
Colorado
– -$129K -10,014 Closed
CTA
64
Colonial Trust Advisors
South Carolina
– -$12.4K -962 Closed
TCM
65
Traub Capital Management
Massachusetts
– -$7.06K -550 Closed
JP Morgan Chase
66
JP Morgan Chase
New York
– -$385 -30 Closed
1 2
3

NCZ Hedge Fund Activity: Q3 2025 in Review

57 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2025, worth a combined $94.7M — up 10% from $85.8M a quarter earlier.

Sellers outnumbered buyers: 8 funds closed out of NCZ and 5 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 15 added.

The largest buyer was Penserra Capital Management, adding an estimated $3.29M. The largest seller was Morgan Stanley, cutting an estimated $1.34M.

  • 57 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2025, down from 60 in Q2 2025.
  • Funds reported $94.7M of Virtus Convertible & Income Fund II stock for Q3 2025, up 10% quarter-over-quarter.
  • 5 funds opened new Virtus Convertible & Income Fund II positions in Q3 2025 and 8 closed out, a net change of -3 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q3 2025 was Penserra Capital Management, an estimated $3.29M added.
  • The largest Virtus Convertible & Income Fund II seller in Q3 2025 was Morgan Stanley, an estimated $1.34M sold.

Based on aggregated 13F filings for Q3 2025.