Virtus Convertible & Income Fund II
NCZ
65 hedge funds and large institutions have $93.8M invested in Virtus Convertible & Income Fund II in 2020 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 11 increasing their positions, 21 reducing their positions, and 4 closing their positions.
400% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 4
46% more capital invested
Capital invested by funds: $64.4M → $93.8M (+$29.4M)
33% more funds holding
Funds holding: 49 → 65 (+16)
3.8% more ownership
Funds ownership: 20.28% → 24.08% (+3.8%)
48% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$14.8M |
| 2 |
SCM
Saba Capital Management
New York
|
+$9.2M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$3.25M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$976K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
+$884K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$14M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$5.34M |
| 3 |
Cohen & Steers
New York
|
-$2.76M |
| 4 |
CPC
Congress Park Capital
Saratoga Springs,
New York
|
-$623K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$548K |
NCZ Hedge Fund Activity: Q4 2020 in Review
65 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2020, worth a combined $93.8M — up 46% from $64.4M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new NCZ positions and 4 closed out — a net gain of 16 holders — while 11 added to existing stakes and 21 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $14.8M. The largest seller was Ameriprise, cutting an estimated $14M.
- 65 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2020, up from 49 in Q3 2020.
- Funds reported $93.8M of Virtus Convertible & Income Fund II stock for Q4 2020, up 46% quarter-over-quarter.
- 20 funds opened new Virtus Convertible & Income Fund II positions in Q4 2020 and 4 closed out, a net change of +16 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q4 2020 was Rivernorth Capital Management, an estimated $14.8M added.
- The largest Virtus Convertible & Income Fund II seller in Q4 2020 was Ameriprise, an estimated $14M sold.
Based on aggregated 13F filings for Q4 2020.