Virtus Convertible & Income Fund II
NCZ
46 hedge funds and large institutions have $52.2M invested in Virtus Convertible & Income Fund II in 2014 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
5% more funds holding
Funds holding: 44 → 46 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.93% less ownership
Funds ownership: 9.09% → 7.16% (-1.9%)
14% less capital invested
Capital invested by funds: $60.8M → $52.2M (-$8.57M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$1.12M |
| 2 |
ICAS
Investors Capital Advisory Services
Lynnfield,
Massachusetts
|
+$984K |
| 3 |
Jane Street
New York
|
+$857K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$469K |
| 5 |
Morgan Stanley
New York
|
+$424K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$8.64M |
| 2 |
Cohen & Steers
New York
|
-$3.67M |
| 3 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$1.02M |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$318K |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$202K |
NCZ Hedge Fund Activity: Q2 2014 in Review
46 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2014, worth a combined $52.2M — down 14% from $60.8M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new NCZ positions and 3 closed out — a net gain of 2 holders — while 20 added to existing stakes and 12 trimmed.
The largest buyer was Bank of America, adding an estimated $1.12M. The largest seller was LPL Financial, cutting an estimated $8.64M.
- 46 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2014, up from 44 in Q1 2014.
- Funds reported $52.2M of Virtus Convertible & Income Fund II stock for Q2 2014, down 14% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income Fund II positions in Q2 2014 and 3 closed out, a net change of +2 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2014 was Bank of America, an estimated $1.12M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2014 was LPL Financial, an estimated $8.64M sold.
Based on aggregated 13F filings for Q2 2014.