Virtus Convertible & Income Fund II
NCZ
71 hedge funds and large institutions have $63.6M invested in Virtus Convertible & Income Fund II in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 32 increasing their positions, 16 reducing their positions, and 9 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 16
11% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 9
0.51% more ownership
Funds ownership: 7.06% → 7.56% (+0.51%)
0% more funds holding
Funds holding: 71 → 71 (0)
5% less capital invested
Capital invested by funds: $66.8M → $63.6M (-$3.26M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.86M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$1.62M |
| 3 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$903K |
| 4 |
API
Advisor Partners II
Walnut Creek,
California
|
+$825K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$286K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$836K |
| 2 |
AWS
Atria Wealth Solutions
New York
|
-$299K |
| 3 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$229K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$210K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$187K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
76
Virtu Financial
New York
| – | -$71K | -5,737 | Closed |
|
|
IWM
77
IHT Wealth Management
Chicago,
Illinois
| – | -$67.5K | -5,425 | Closed |
|
78
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
| – | -$41K | -3,331 | Closed |
|
|
VFPW
79
Vantage Financial Partners (Wisconsin)
Elm Grove,
Wisconsin
| – | -$37K | -2,971 | Closed |
|
|
SC
80
Sykon Capital
Harrison,
New York
| – | -$31.1K | -2,500 | Closed |
|
81
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$2K | -173 | Closed |
|
NCZ Hedge Fund Activity: Q3 2023 in Review
71 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2023, worth a combined $63.6M — down 4.9% from $66.8M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NCZ positions and 9 closed out — a net gain of 1 holder — while 32 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.86M. The largest seller was Guggenheim Capital, cutting an estimated $836K.
- 71 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2023, unchanged from Q2 2023.
- Funds reported $63.6M of Virtus Convertible & Income Fund II stock for Q3 2023, down 4.9% quarter-over-quarter.
- 10 funds opened new Virtus Convertible & Income Fund II positions in Q3 2023 and 9 closed out, a net change of +1 holder.
- The largest Virtus Convertible & Income Fund II buyer in Q3 2023 was Morgan Stanley, an estimated $1.86M added.
- The largest Virtus Convertible & Income Fund II seller in Q3 2023 was Guggenheim Capital, an estimated $836K sold.
Based on aggregated 13F filings for Q3 2023.