Virtus Convertible & Income Fund II
NCZ
69 hedge funds and large institutions have $62.6M invested in Virtus Convertible & Income Fund II in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 11 closing their positions.
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
3% more capital invested
Capital invested by funds: $60.6M → $62.6M (+$1.97M)
0% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 11
0.01% less ownership
Funds ownership: 6.92% → 6.91% (-0.01%)
1% less funds holding
Funds holding: 70 → 69 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.66M |
| 2 |
HBCM
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
+$2.46M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$837K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$389K |
| 5 |
SA
SFI Advisors
Montclair,
New Jersey
|
+$368K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.1M |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.27M |
| 3 |
Cohen & Steers
New York
|
-$1.09M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$811K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$668K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KAS
76
Kestra Advisory Services
Austin,
Texas
| – | -$35.3K | -3,066 | Closed |
|
77
Mercer Global Advisors
Denver,
Colorado
| – | -$30K | -2,612 | Closed |
|
|
IA
78
IFP Advisors
Tampa,
Florida
| – | -$23K | -1,083 | Closed |
|
79
Bessemer Group
Woodbridge,
New Jersey
| – | -$5K | -452 | Closed |
|
80
US Bancorp
Minneapolis,
Minnesota
| – | -$4.48K | -389 | Closed |
|
NCZ Hedge Fund Activity: Q1 2023 in Review
69 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2023, worth a combined $62.6M — up 3.2% from $60.6M a quarter earlier.
Fund positioning in NCZ was balanced in Q1 2023: 11 funds opened new positions, 11 closed out, 24 added to existing stakes and 22 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $4.66M. The largest seller was Saba Capital Management, cutting an estimated $4.1M.
- 69 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2023, down from 70 in Q4 2022.
- Funds reported $62.6M of Virtus Convertible & Income Fund II stock for Q1 2023, up 3.2% quarter-over-quarter.
- 11 funds opened new Virtus Convertible & Income Fund II positions in Q1 2023 and 11 closed out, a net change of 0 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2023 was Morgan Stanley, an estimated $4.66M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2023 was Saba Capital Management, an estimated $4.1M sold.
Based on aggregated 13F filings for Q1 2023.