Virtus Convertible & Income Fund II
NCZ
53 hedge funds and large institutions have $49.5M invested in Virtus Convertible & Income Fund II in 2018 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 12 closing their positions.
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
1.36% less ownership
Funds ownership: 12.3% → 10.94% (-1.4%)
5% less funds holding
Funds holding: 56 → 53 (-3)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
69% less capital inflows, than outflows
Capital inflows: $2.57M | Capital outflows: $8.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.25M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$254K |
| 3 |
Coyle Financial Counsel
Glenview,
Illinois
|
+$160K |
| 4 |
Cetera Advisor Networks
El Segundo,
California
|
+$124K |
| 5 |
Quad-Cities Investment Group
Davenport,
Iowa
|
+$121K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Guggenheim Capital
Chicago,
Illinois
|
-$2.28M |
| 2 |
Morgan Stanley
New York
|
-$2.2M |
| 3 |
Advisors Asset Management
Monument,
Colorado
|
-$934K |
| 4 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$818K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$604K |
NCZ Hedge Fund Activity: Q2 2018 in Review
53 of the 4,386 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2018, worth a combined $49.5M — down 9.5% from $54.7M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NCZ and 10 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 17 added.
The largest buyer was Ameriprise, adding an estimated $1.25M. The largest seller was Guggenheim Capital, cutting an estimated $2.28M.
- 53 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2018, down from 56 in Q1 2018.
- Funds reported $49.5M of Virtus Convertible & Income Fund II stock for Q2 2018, down 9.5% quarter-over-quarter.
- 10 funds opened new Virtus Convertible & Income Fund II positions in Q2 2018 and 12 closed out, a net change of -2 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2018 was Ameriprise, an estimated $1.25M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2018 was Guggenheim Capital, an estimated $2.28M sold.
Based on aggregated 13F filings for Q2 2018.