Virtus Convertible & Income Fund II
NCZ
64 hedge funds and large institutions have $64.9M invested in Virtus Convertible & Income Fund II in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 21 increasing their positions, 23 reducing their positions, and 9 closing their positions.
9% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 23
2.35% less ownership
Funds ownership: 20.31% → 17.96% (-2.4%)
4% less funds holding
Funds holding: 67 → 64 (-3)
15% less capital invested
Capital invested by funds: $76.8M → $64.9M (-$11.9M)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$4.48M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.03M |
| 3 |
Cohen & Steers
New York
|
+$1.05M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$967K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$695K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$6.65M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.9M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.17M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.97M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$928K |
NCZ Hedge Fund Activity: Q1 2016 in Review
64 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2016, worth a combined $64.9M — down 15% from $76.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of NCZ and 7 opened new positions — a net loss of 2 holders — while 23 trimmed existing stakes and 21 added.
The largest buyer was Guggenheim Capital, adding an estimated $4.48M. The largest seller was Landscape Capital Management, cutting an estimated $6.65M.
- 64 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2016, down from 67 in Q4 2015.
- Funds reported $64.9M of Virtus Convertible & Income Fund II stock for Q1 2016, down 15% quarter-over-quarter.
- 7 funds opened new Virtus Convertible & Income Fund II positions in Q1 2016 and 9 closed out, a net change of -2 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2016 was Guggenheim Capital, an estimated $4.48M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2016 was Landscape Capital Management, an estimated $6.65M sold.
Based on aggregated 13F filings for Q1 2016.