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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$9.49M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$1.26M |
| 3 |
Cohen & Steers
New York
|
+$1.04M |
| 4 |
Morgan Stanley
New York
|
+$439K |
| 5 |
CPC
Congress Park Capital
Saratoga Springs,
New York
|
+$336K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HBCM
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
-$3.67M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$2.43M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.08M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$374K |
| 5 |
QC
Quantedge Capital
Singapore
|
-$291K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Lido Advisors
Los Angeles,
California
| – | -$33K | -3,000 | Closed |
|
|
DA
77
Doliver Advisors
Houston,
Texas
| – | -$34K | -2,992 | Closed |
|
|
GI
78
Gradient Investments
Arden Hills,
Minnesota
| – | -$6K | -509 | Closed |
|
79
JP Morgan Chase
New York
| – | +$166 | +14 | New |
|
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.