Virtus Convertible & Income Fund II
NCZ
71 hedge funds and large institutions have $66.8M invested in Virtus Convertible & Income Fund II in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 16 reducing their positions, and 10 closing their positions.
81% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 16
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
7% more capital invested
Capital invested by funds: $62.6M → $66.8M (+$4.22M)
3% more funds holding
Funds holding: 69 → 71 (+2)
0.15% more ownership
Funds ownership: 6.91% → 7.06% (+0.15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.57M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$870K |
| 3 |
KTC
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
|
+$188K |
| 4 |
ICMP
Integrated Capital Management (Pennsylvania)
Jessup,
Pennsylvania
|
+$142K |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$111K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$938K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$327K |
| 3 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$181K |
| 4 |
SCM
Saba Capital Management
New York
|
-$161K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$157K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
JP Morgan Chase
New York
| – | -$123K | -10,281 | Closed |
|
|
CF
77
Centaurus Financial
Anaheim,
California
| – | -$122K | -10,158 | Closed |
|
|
CIA
78
Capital Investment Advisors
Atlanta,
Georgia
| – | -$37.6K | -3,137 | Closed |
|
|
UB
79
UMB Bank
Kansas City,
Missouri
| – | -$16.6K | -1,385 | Closed |
|
|
BWA
80
BDO Wealth Advisors
Jacksonville,
Florida
| – | -$10.8K | -897 | Closed |
|
|
CCM
81
Chilton Capital Management
Houston,
Texas
| – | -$1.74K | -145 | Closed |
|
|
ASN
82
Advisory Services Network
Atlanta,
Georgia
| – | -$1.2K | -100 | Closed |
|
NCZ Hedge Fund Activity: Q2 2023 in Review
71 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2023, worth a combined $66.8M — up 6.7% from $62.6M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NCZ positions and 10 closed out — a net gain of 3 holders — while 29 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.57M. The largest seller was Advisors Asset Management, cutting an estimated $938K.
- 71 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2023, up from 69 in Q1 2023.
- Funds reported $66.8M of Virtus Convertible & Income Fund II stock for Q2 2023, up 6.7% quarter-over-quarter.
- 13 funds opened new Virtus Convertible & Income Fund II positions in Q2 2023 and 10 closed out, a net change of +3 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2023 was Morgan Stanley, an estimated $1.57M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2023 was Advisors Asset Management, an estimated $938K sold.
Based on aggregated 13F filings for Q2 2023.