Virtus Convertible & Income Fund II
NCZ
46 hedge funds and large institutions have $40.7M invested in Virtus Convertible & Income Fund II in 2019 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 10 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
0.48% less ownership
Funds ownership: 10.22% → 9.74% (-0.48%)
12% less funds holding
Funds holding: 52 → 46 (-6)
26% less capital inflows, than outflows
Capital inflows: $4.37M | Capital outflows: $5.93M
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Quinn Opportunity Partners
Charlottesville,
Virginia
|
+$1.35M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$935K |
| 3 |
Guggenheim Capital
Chicago,
Illinois
|
+$640K |
| 4 |
Morgan Stanley
New York
|
+$517K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$318K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.85M |
| 2 |
Cohen & Steers
New York
|
-$1.44M |
| 3 |
Weiss Asset Management
Boston,
Massachusetts
|
-$572K |
| 4 |
Advisors Asset Management
Monument,
Colorado
|
-$490K |
| 5 |
Landscape Capital Management
Englewood,
New Jersey
|
-$358K |
NCZ Hedge Fund Activity: Q1 2019 in Review
46 of the 4,634 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2019, worth a combined $40.7M — up 18% from $34.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of NCZ and 4 opened new positions — a net loss of 6 holders — while 14 trimmed existing stakes and 18 added.
The largest buyer was Quinn Opportunity Partners, opening a new position worth an estimated $1.35M. The largest seller was Royal Bank of Canada, cutting an estimated $1.85M.
- 46 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2019, down from 52 in Q4 2018.
- Funds reported $40.7M of Virtus Convertible & Income Fund II stock for Q1 2019, up 18% quarter-over-quarter.
- 4 funds opened new Virtus Convertible & Income Fund II positions in Q1 2019 and 10 closed out, a net change of -6 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2019 was Quinn Opportunity Partners, an estimated $1.35M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2019 was Royal Bank of Canada, an estimated $1.85M sold.
Based on aggregated 13F filings for Q1 2019.