Virtus Convertible & Income Fund II
NCZ
44 hedge funds and large institutions have $48.5M invested in Virtus Convertible & Income Fund II in 2018 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 8 reducing their positions, and 14 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 8
0.11% less ownership
Funds ownership: 2.73% → 2.63% (-0.11%)
2% less capital invested
Capital invested by funds: $49.5M → $48.5M (-$1M)
17% less funds holding
Funds holding: 53 → 44 (-9)
64% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.2M |
| 2 |
Morgan Stanley
New York
|
+$521K |
| 3 |
AG
Advisor Group
Phoenix,
Arizona
|
+$324K |
| 4 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
+$312K |
| 5 |
LPL Financial
San Diego,
California
|
+$153K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$2.04M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$705K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$649K |
| 4 |
SBIA
Sheaff Brock Investment Advisors
Indianapolis,
Indiana
|
-$167K |
| 5 |
CFC
Coyle Financial Counsel
Glenview,
Illinois
|
-$161K |
NCZ Hedge Fund Activity: Q3 2018 in Review
44 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2018, worth a combined $48.5M — down 2% from $49.5M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NCZ and 5 opened new positions — a net loss of 9 holders — while 8 trimmed existing stakes and 18 added.
The largest buyer was Ameriprise, adding an estimated $1.2M. The largest seller was Cohen & Steers, cutting an estimated $2.04M.
- 44 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2018, down from 53 in Q2 2018.
- Funds reported $48.5M of Virtus Convertible & Income Fund II stock for Q3 2018, down 2% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income Fund II positions in Q3 2018 and 14 closed out, a net change of -9 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q3 2018 was Ameriprise, an estimated $1.2M added.
- The largest Virtus Convertible & Income Fund II seller in Q3 2018 was Cohen & Steers, an estimated $2.04M sold.
Based on aggregated 13F filings for Q3 2018.