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NCZ

Virtus Convertible & Income Fund II
NCZ

70 hedge funds and large institutions have $76.2M invested in Virtus Convertible & Income Fund II in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 32 increasing their positions, 17 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 17

2.8% less ownership

Funds ownership: 11.17% → 8.38% (-2.8%)

10% less funds holding

Funds holding: 78 → 70 (-8)

25% less capital invested

Capital invested by funds: $101M → $76.2M (-$25.1M)

47% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 17

Holders
70
Holders Change
-8
Holders Change %
-10.26%
% of All Funds
1.01%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
32
Reduced
17
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SFS
Shaker Financial Services
Virginia
+$1.01M
2
AAM
Advisors Asset Management
Colorado
+$999K
3
CA
Cetera Advisors
Colorado
+$850K
4
Pathstone Holdings
Pathstone Holdings
New Jersey
+$711K
5
LCM
Landscape Capital Management
New Jersey
+$332K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$23.8M
2
SCM
Saba Capital Management
New York
-$3.45M
3
CA
Cornerstone Advisors
North Carolina
-$764K
4
WAM
Weiss Asset Management
Massachusetts
-$618K
5
Osaic Holdings
Osaic Holdings
Arizona
-$210K
Name Holding Trade Value Shares
Change 		Change in
Stake
Qube Research & Technologies (QRT)
76
Qube Research & Technologies (QRT)
United Kingdom
– -$137K -11,481 Closed
WPC
77
Waters Parkerson & Co
Louisiana
– -$137K -11,470 Closed
VF
78
Virtu Financial
New York
– -$133K -11,149 Closed
CAS
79
CTC Alternative Strategies
Illinois
– -$113K -9,441 Closed
HF
80
HRT Financial
New York
– -$103K -8,721 Closed
CCM
81
Coldstream Capital Management
Washington
– -$65K -5,456 Closed
IC
82
IEQ Capital
California
– -$60.3K -5,058 Closed
FPAS
83
Focus Partners Advisor Solutions
Missouri
– -$38.4K -3,222 Closed
Citadel Advisors
84
Citadel Advisors
Florida
– -$30.6K -2,570 Closed
Northwestern Mutual Wealth Management
85
Northwestern Mutual Wealth Management
Wisconsin
– -$20.6K -1,727 Closed
FWM
86
Focused Wealth Management
New York
– -$3.68K -309 Closed
FIA
87
FNY Investment Advisers
New York
– -$2K -200 Closed
ASN
88
Advisory Services Network
Georgia
– -$1.34K -113 Closed
NFA
89
Northwest Financial Advisors
Virginia
– -$983 -83 Closed
1 2 3
4

NCZ Hedge Fund Activity: Q1 2024 in Review

70 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2024, worth a combined $76.2M — down 25% from $101M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of NCZ and 9 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 32 added.

The largest buyer was Shaker Financial Services, adding an estimated $1.01M. The largest seller was Morgan Stanley, cutting an estimated $23.8M.

  • 70 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2024, down from 78 in Q4 2023.
  • Funds reported $76.2M of Virtus Convertible & Income Fund II stock for Q1 2024, down 25% quarter-over-quarter.
  • 9 funds opened new Virtus Convertible & Income Fund II positions in Q1 2024 and 17 closed out, a net change of -8 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q1 2024 was Shaker Financial Services, an estimated $1.01M added.
  • The largest Virtus Convertible & Income Fund II seller in Q1 2024 was Morgan Stanley, an estimated $23.8M sold.

Based on aggregated 13F filings for Q1 2024.