Virtus Convertible & Income Fund II
NCZ
45 hedge funds and large institutions have $46.7M invested in Virtus Convertible & Income Fund II in 2014 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 4 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.22% less ownership
Funds ownership: 7.16% → 6.94% (-0.22%)
2% less funds holding
Funds holding: 46 → 45 (-1)
10% less capital invested
Capital invested by funds: $52.2M → $46.7M (-$5.47M)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$361K |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$308K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
+$304K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$296K |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$272K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$2.22M |
| 2 |
Cohen & Steers
New York
|
-$803K |
| 3 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$505K |
| 4 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$309K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$205K |
NCZ Hedge Fund Activity: Q3 2014 in Review
45 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2014, worth a combined $46.7M — down 10% from $52.2M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NCZ and 3 opened new positions — a net loss of 1 holder — while 11 trimmed existing stakes and 22 added.
The largest buyer was Bank of America, adding an estimated $361K. The largest seller was Jane Street, exiting entirely with an estimated $2.22M sold.
- 45 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2014, down from 46 in Q2 2014.
- Funds reported $46.7M of Virtus Convertible & Income Fund II stock for Q3 2014, down 10% quarter-over-quarter.
- 3 funds opened new Virtus Convertible & Income Fund II positions in Q3 2014 and 4 closed out, a net change of -1 holder.
- The largest Virtus Convertible & Income Fund II buyer in Q3 2014 was Bank of America, an estimated $361K added.
- The largest Virtus Convertible & Income Fund II seller in Q3 2014 was Jane Street, an estimated $2.22M sold.
Based on aggregated 13F filings for Q3 2014.