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NCZ

Virtus Convertible & Income Fund II
NCZ

50 hedge funds and large institutions have $56.3M 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.

New
Increased
Maintained
Reduced
Closed

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

14% more capital invested

Capital invested by funds: $49.5M → $56.3M (+$6.86M)

11% more funds holding

Funds holding: 45 → 50 (+5)

0.33% more ownership

Funds ownership: 1.74% → 2.06% (+0.33%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
50
Holders Change
+5
Holders Change %
+11.11%
% of All Funds
1.33%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
16
Reduced
12
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LTFS
Ladenburg Thalmann Financial Services
Florida
+$1.35M
2
Morgan Stanley
Morgan Stanley
New York
+$1.2M
3
LPL Financial
LPL Financial
California
+$738K
4
CIA
Capital Investment Advisors
Georgia
+$737K
5
Cohen & Steers
Cohen & Steers
New York
+$356K

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$717K
2
Invesco
Invesco
Georgia
-$461K
3
NFG
Next Financial Group
Texas
-$297K
4
DA
Doliver Advisors
Texas
-$261K
5
GC
Guggenheim Capital
Illinois
-$131K
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
1
UBS Group
Switzerland
$9.27M +$9.19M +260,072 New
Morgan Stanley
2
Morgan Stanley
New York
$8.24M +$1.2M +33,915 +17%
ICAS
3
Investors Capital Advisory Services
Massachusetts
$5.44M +$212K +6,007 +4%
LPL Financial
4
LPL Financial
California
$5.33M +$738K +20,903 +16%
GC
5
Guggenheim Capital
Illinois
$4.67M -$131K -3,720 -3%
Bank of America
6
Bank of America
North Carolina
$4.66M -$717K -20,299 -13%
BTS
7
BB&T Securities
Virginia
$2.94M – – –
Cohen & Steers
8
Cohen & Steers
New York
$2.77M +$356K +10,067 +15%
MFS
9
MSI Financial Services
Massachusetts
$2.57M +$189K +5,347 +8%
RJA
10
Raymond James & Associates
Florida
$1.9M +$45K +1,273 +2%
LTFS
11
Ladenburg Thalmann Financial Services
Florida
$1.46M +$1.35M +38,102 +1,354%
Invesco
12
Invesco
Georgia
$937K -$461K -13,046 -33%
NPC
13
National Planning Corporation
California
$844K +$54.7K +1,548 +7%
CIA
14
Capital Investment Advisors
Georgia
$743K +$737K +20,853 New
CA
15
Cetera Advisors
Colorado
$618K +$56.2K +1,590 +10%
Wells Fargo
16
Wells Fargo
California
$487K -$41.8K -1,182 -8%
AIG
17
American International Group
New York
$378K +$63.2K +1,789 +20%
OA
18
Oxbow Advisors
Texas
$330K +$5.86K +166 +2%
Goldman Sachs
19
Goldman Sachs
New York
$290K +$288K +8,145 New
FAAS
20
First Allied Advisory Services
California
$270K -$13.8K -390 -5%
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$247K +$21.2K +600 +9%
Creative Planning
22
Creative Planning
Kansas
$237K +$151K +4,275 +181%
Commonwealth Equity Services
23
Commonwealth Equity Services
Massachusetts
$222K -$24.5K -694 -10%
WA
24
WFG Advisors
Texas
$149K – – –
VKH
25
Virtu KCG Holdings
New York
$134K +$133K +3,751 New
1
2 3

NCZ Hedge Fund Activity: Q4 2014 in Review

50 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2014, worth a combined $56.3M — up 14% from $49.5M 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 $56.3M of Virtus Convertible & Income Fund II stock for Q4 2014, up 14% 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.