Virtus Convertible & Income Fund II
NCZ
57 hedge funds and large institutions have $60.5M invested in Virtus Convertible & Income Fund II in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 9 reducing their positions, and 6 closing their positions.
156% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 9
83% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 6
8% more funds holding
Funds holding: 53 → 57 (+4)
1% more capital invested
Capital invested by funds: $60.1M → $60.5M (+$446K)
0.15% more ownership
Funds ownership: 3.4% → 3.55% (+0.15%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.25M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.23M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$869K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$742K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$564K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$1.96M |
| 2 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$472K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$304K |
| 4 |
MFS
MSI Financial Services
Springfield,
Massachusetts
|
-$226K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
-$93K |
NCZ Hedge Fund Activity: Q4 2016 in Review
57 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2016, worth a combined $60.5M — up 0.74% from $60.1M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NCZ positions and 6 closed out — a net gain of 5 holders — while 23 added to existing stakes and 9 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $1.25M. The largest seller was Cohen & Steers, cutting an estimated $1.96M.
- 57 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2016, up from 53 in Q3 2016.
- Funds reported $60.5M of Virtus Convertible & Income Fund II stock for Q4 2016, up 0.74% quarter-over-quarter.
- 11 funds opened new Virtus Convertible & Income Fund II positions in Q4 2016 and 6 closed out, a net change of +5 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q4 2016 was Sit Investment Associates, an estimated $1.25M added.
- The largest Virtus Convertible & Income Fund II seller in Q4 2016 was Cohen & Steers, an estimated $1.96M sold.
Based on aggregated 13F filings for Q4 2016.