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NCZ

Virtus Convertible & Income Fund II
NCZ

53 hedge funds and large institutions have $70.4M invested in Virtus Convertible & Income Fund II in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

23.22% more ownership

Funds ownership: 8.79% → 32% (+23%)

16% less capital invested

Capital invested by funds: $83.8M → $70.4M (-$13.3M)

30% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 23

34% less funds holding

Funds holding: 80 → 53 (-27)

77% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 35

Holders
53
Holders Change
-27
Holders Change %
-33.75%
% of All Funds
0.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
16
Reduced
23
Closed
35
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PCM
Penserra Capital Management
California
+$3.35M
2
WAM
Wolverine Asset Management
Illinois
+$759K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$673K
4
GP
Gridiron Partners
Pennsylvania
+$544K
5
Osaic Holdings
Osaic Holdings
Arizona
+$522K

Top Sellers

Rank Fund Capital Flow
1
CPC
Congress Park Capital
New York
-$5.61M
2
Pathstone Holdings
Pathstone Holdings
New Jersey
-$2.22M
3
Bank of America
Bank of America
North Carolina
-$2.03M
4
PAS
Park Avenue Securities
New York
-$1.42M
5
AAM
Advisors Asset Management
Colorado
-$841K
Name Holding Trade Value Shares
Change 		Change in
Stake
WE
76
Wealth Effects
Massachusetts
– -$49.8K -3,975 Closed
GJWM
77
Gilliland Jeter Wealth Management
Arkansas
– -$46.5K -3,718 Closed
KAS
78
KPP Advisory Services
Kentucky
– -$44.9K -3,588 Closed
SA
79
Sanctuary Advisors
Indiana
– -$46.7K -3,535 Closed
SFA
80
Sequoia Financial Advisors
Ohio
– -$40.7K -3,250 Closed
HWMC
81
Heritage Wealth Management (California)
California
– -$40.3K -3,221 Closed
Cetera Investment Advisers
82
Cetera Investment Advisers
Illinois
– -$39.1K -3,126 Closed
SWP
83
Semus Wealth Partners
Florida
– -$38.4K -3,067 Closed
AAS
84
Avantax Advisory Services
Texas
– -$33.7K -2,689 Closed
GVAG
85
Great Valley Advisor Group
Delaware
– -$33.4K -2,667 Closed
Jane Street
86
Jane Street
New York
– -$32.3K -2,578 Closed
Bank of Montreal
87
Bank of Montreal
Ontario, Canada
– -$31.3K -2,500 Closed
EAM
88
Everstar Asset Management
North Carolina
– -$31.3K -2,500 Closed
Bessemer Group
89
Bessemer Group
New Jersey
– -$8K -649 Closed
Fidelity Investments
90
Fidelity Investments
Massachusetts
– -$3 – –
1 2 3
4

NCZ Hedge Fund Activity: Q1 2025 in Review

53 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2025, worth a combined $70.4M — down 16% from $83.8M a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of NCZ and 8 opened new positions — a net loss of 27 holders — while 23 trimmed existing stakes and 16 added.

The largest buyer was Penserra Capital Management, opening a new position worth an estimated $3.35M. The largest seller was Congress Park Capital, exiting entirely with an estimated $5.61M sold.

  • 53 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2025, down from 80 in Q4 2024.
  • Funds reported $70.4M of Virtus Convertible & Income Fund II stock for Q1 2025, down 16% quarter-over-quarter.
  • 8 funds opened new Virtus Convertible & Income Fund II positions in Q1 2025 and 35 closed out, a net change of -27 holders.
  • The largest Virtus Convertible & Income Fund II buyer in Q1 2025 was Penserra Capital Management, an estimated $3.35M added.
  • The largest Virtus Convertible & Income Fund II seller in Q1 2025 was Congress Park Capital, an estimated $5.61M sold.

Based on aggregated 13F filings for Q1 2025.