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NCZ

Virtus Convertible & Income Fund II
NCZ

78 hedge funds and large institutions have $101M invested in Virtus Convertible & Income Fund II in 2023 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 32 increasing their positions, 17 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 17

62% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 13

59% more capital invested

Capital invested by funds: $63.6M → $101M (+$37.8M)

10% more funds holding

Funds holding: 71 → 78 (+7)

3.61% more ownership

Funds ownership: 7.56% → 11.17% (+3.6%)

Holders
78
Holders Change
+7
Holders Change %
+9.86%
% of All Funds
1.14%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
21
Increased
32
Reduced
17
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$24M
2
HBCM
Heron Bay Capital Management
Michigan
+$2.48M
3
LCM
Landscape Capital Management
New Jersey
+$893K
4
Comerica Bank
Comerica Bank
Texas
+$694K
5
WAM
Weiss Asset Management
Massachusetts
+$573K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$2.55M
2
GC
Guggenheim Capital
Illinois
-$424K
3
SA
SFI Advisors
New Jersey
-$223K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$194K
5
Creative Planning
Creative Planning
Kansas
-$175K
Name Holding Trade Value Shares
Change 		Change in
Stake
ASN
76
Advisory Services Network
Georgia
$1.34K +$1.25K +113 New
NFA
77
Northwest Financial Advisors
Virginia
$983 +$917 +83 New
CPA
78
Clear Point Advisors
New York
$196 +$188 +17 New
HNB
79
Huntington National Bank
Ohio
$18 – – –
GC
80
Guggenheim Capital
Illinois
– -$424K -38,374 Closed
Susquehanna International Group
81
Susquehanna International Group
Pennsylvania
– -$194K -17,598 Closed
Creative Planning
82
Creative Planning
Kansas
– -$175K -15,823 Closed
AWM
83
Axxcess Wealth Management
California
– -$166K -15,057 Closed
KAS
84
KPP Advisory Services
Kentucky
– -$163K -14,769 Closed
ACM
85
Arlington Capital Management
Illinois
– -$97.9K -8,867 Closed
SW
86
SVB Wealth
Massachusetts
– -$69.4K -6,288 Closed
CF
87
Centaurus Financial
California
– -$42K -3,838 Closed
Walleye Capital
88
Walleye Capital
New York
– -$34.1K -3,092 Closed
Koshinski Asset Management
89
Koshinski Asset Management
Illinois
– -$31.1K -2,822 Closed
CSPIA
90
Cary Street Partners Investment Advisory
Virginia
– -$10.5K -950 Closed
HIA
91
Harbor Investment Advisory
Maryland
– -$1.38K -125 Closed
Fifth Third Bancorp
92
Fifth Third Bancorp
Ohio
– -$19 -2 Closed
1 2 3
4

NCZ Hedge Fund Activity: Q4 2023 in Review

78 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2023, worth a combined $101M — up 59% from $63.6M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new NCZ positions and 13 closed out — a net gain of 8 holders — while 32 added to existing stakes and 17 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $24M. The largest seller was Saba Capital Management, cutting an estimated $2.55M.

  • 78 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2023, up from 71 in Q3 2023.
  • Funds reported $101M of Virtus Convertible & Income Fund II stock for Q4 2023, up 59% quarter-over-quarter.
  • 21 funds opened new Virtus Convertible & Income Fund II positions in Q4 2023 and 13 closed out, a net change of +8 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q4 2023 was Morgan Stanley, an estimated $24M added.
  • The largest Virtus Convertible & Income Fund II seller in Q4 2023 was Saba Capital Management, an estimated $2.55M sold.

Based on aggregated 13F filings for Q4 2023.