Virtus Convertible & Income Fund II
NCZ
75 hedge funds and large institutions have $61.4M invested in Virtus Convertible & Income Fund II in 2022 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 6 closing their positions.
233% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 6
21% more funds holding
Funds holding: 62 → 75 (+13)
15% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 20
0.16% less ownership
Funds ownership: 6.56% → 6.4% (-0.16%)
29% less capital invested
Capital invested by funds: $86.5M → $61.4M (-$25M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$20.8M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$1.31M |
| 3 |
PAS
Park Avenue Securities
New York
|
+$1.3M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$917K |
| 5 |
CPC
Congress Park Capital
Saratoga Springs,
New York
|
+$719K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$9.01M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.06M |
| 3 |
HBCM
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
-$2.04M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.66M |
| 5 |
DWM
Doyle Wealth Management
St. Petersburg,
Florida
|
-$479K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SW
76
SVB Wealth
Boston,
Massachusetts
| – | -$192K | -11,125 | Closed |
|
|
SCM
77
Segantii Capital Management
Hong Kong
| – | -$162K | -9,351 | Closed |
|
78
Comerica Bank
Dallas,
Texas
| – | -$150K | -9,070 | Closed |
|
|
TWP
79
Tempus Wealth Planning
Irvine,
California
| – | -$83K | -4,795 | Closed |
|
80
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$43K | -2,500 | Closed |
|
81
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$578 | +40 | New |
|
NCZ Hedge Fund Activity: Q2 2022 in Review
75 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2022, worth a combined $61.4M — down 29% from $86.5M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new NCZ positions and 6 closed out — a net gain of 14 holders — while 23 added to existing stakes and 20 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $20.8M. The largest seller was Rivernorth Capital Management, cutting an estimated $9.01M.
- 75 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2022, up from 62 in Q1 2022.
- Funds reported $61.4M of Virtus Convertible & Income Fund II stock for Q2 2022, down 29% quarter-over-quarter.
- 20 funds opened new Virtus Convertible & Income Fund II positions in Q2 2022 and 6 closed out, a net change of +14 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2022 was Morgan Stanley, an estimated $20.8M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2022 was Rivernorth Capital Management, an estimated $9.01M sold.
Based on aggregated 13F filings for Q2 2022.