Virtus Convertible & Income Fund II
NCZ
42 hedge funds and large institutions have $59.3M invested in Virtus Convertible & Income Fund II in 2013 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 16 reducing their positions, and 5 closing their positions.
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
11% more capital invested
Capital invested by funds: $53.4M → $59.3M (+$5.9M)
0.69% more ownership
Funds ownership: 9.37% → 10.07% (+0.69%)
0% more funds holding
Funds holding: 42 → 42 (0)
13% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$3.63M |
| 2 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$1.13M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$950K |
| 4 |
NPC
National Planning Corporation
El Segundo,
California
|
+$720K |
| 5 |
Jane Street
New York
|
+$600K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$610K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$487K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$440K |
| 4 |
Morgan Stanley
New York
|
-$295K |
| 5 |
Fisher Asset Management
Camas,
Washington
|
-$237K |
NCZ Hedge Fund Activity: Q3 2013 in Review
42 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2013, worth a combined $59.3M — up 11% from $53.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NCZ positions and 5 closed out — a net gain of 1 holder — while 14 added to existing stakes and 16 trimmed.
The largest buyer was Invesco, adding an estimated $3.63M. The largest seller was LPL Financial, cutting an estimated $610K.
- 42 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $59.3M of Virtus Convertible & Income Fund II stock for Q3 2013, up 11% quarter-over-quarter.
- 6 funds opened new Virtus Convertible & Income Fund II positions in Q3 2013 and 5 closed out, a net change of +1 holder.
- The largest Virtus Convertible & Income Fund II buyer in Q3 2013 was Invesco, an estimated $3.63M added.
- The largest Virtus Convertible & Income Fund II seller in Q3 2013 was LPL Financial, an estimated $610K sold.
Based on aggregated 13F filings for Q3 2013.