Virtus Convertible & Income Fund II
NCZ
50 hedge funds and large institutions have $58.6M invested in Virtus Convertible & Income Fund II in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 16 increasing their positions, 12 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
33% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 12
25% more capital invested
Capital invested by funds: $46.7M → $58.6M (+$11.8M)
11% more funds holding
Funds holding: 45 → 50 (+5)
1.31% more ownership
Funds ownership: 6.94% → 8.25% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$1.35M |
| 2 |
Morgan Stanley
New York
|
+$1.2M |
| 3 |
LPL Financial
San Diego,
California
|
+$738K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
+$737K |
| 5 |
Cohen & Steers
New York
|
+$356K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$717K |
| 2 |
Invesco
Atlanta,
Georgia
|
-$461K |
| 3 |
NFG
Next Financial Group
Houston,
Texas
|
-$297K |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$261K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$131K |
NCZ Hedge Fund Activity: Q4 2014 in Review
50 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2014, worth a combined $58.6M — up 25% from $46.7M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NCZ positions and 4 closed out — a net gain of 7 holders — while 16 added to existing stakes and 12 trimmed.
The largest buyer was Ladenburg Thalmann Financial Services, adding an estimated $1.35M. The largest seller was Bank of America, cutting an estimated $717K.
- 50 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2014, up from 45 in Q3 2014.
- Funds reported $58.6M of Virtus Convertible & Income Fund II stock for Q4 2014, up 25% quarter-over-quarter.
- 11 funds opened new Virtus Convertible & Income Fund II positions in Q4 2014 and 4 closed out, a net change of +7 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q4 2014 was Ladenburg Thalmann Financial Services, an estimated $1.35M added.
- The largest Virtus Convertible & Income Fund II seller in Q4 2014 was Bank of America, an estimated $717K sold.
Based on aggregated 13F filings for Q4 2014.