Virtus Convertible & Income Fund II
NCZ
44 hedge funds and large institutions have $60.8M invested in Virtus Convertible & Income Fund II in 2014 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 19 increasing their positions, 16 reducing their positions, and 3 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 16
1% more capital invested
Capital invested by funds: $60M → $60.8M (+$804K)
0.74% less ownership
Funds ownership: 9.83% → 9.09% (-0.74%)
2% less funds holding
Funds holding: 45 → 44 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.61M |
| 2 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$2.39M |
| 3 |
Jane Street
New York
|
+$1.13M |
| 4 |
Morgan Stanley
New York
|
+$781K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$519K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$5.58M |
| 2 |
LPL Financial
San Diego,
California
|
-$4.1M |
| 3 |
SG Americas Securities
New York
|
-$1.25M |
| 4 |
U
UBS
Zurich,
Switzerland
|
-$1.06M |
| 5 |
KFS
KMS Financial Services
Seattle,
Washington
|
-$855K |
NCZ Hedge Fund Activity: Q1 2014 in Review
44 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2014, worth a combined $60.8M — up 1.3% from $60M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of NCZ and 2 opened new positions — a net loss of 1 holder — while 16 trimmed existing stakes and 19 added.
The largest buyer was Bank of America, adding an estimated $2.61M. The largest seller was Cohen & Steers, cutting an estimated $5.58M.
- 44 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2014, down from 45 in Q4 2013.
- Funds reported $60.8M of Virtus Convertible & Income Fund II stock for Q1 2014, up 1.3% quarter-over-quarter.
- 2 funds opened new Virtus Convertible & Income Fund II positions in Q1 2014 and 3 closed out, a net change of -1 holder.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2014 was Bank of America, an estimated $2.61M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2014 was Cohen & Steers, an estimated $5.58M sold.
Based on aggregated 13F filings for Q1 2014.