Virtus Convertible & Income Fund II
NCZ
62 hedge funds and large institutions have $98.7M invested in Virtus Convertible & Income Fund II in 2021 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 15 reducing their positions, and 16 closing their positions.
55% more capital inflows, than outflows
Capital inflows: $20.5M | Capital outflows: $13.2M
27% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 15
1.89% more ownership
Funds ownership: 24.08% → 25.97% (+1.9%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less funds holding
Funds holding: 65 → 62 (-3)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.25M |
| 2 |
Saba Capital Management
New York
|
+$2.71M |
| 3 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.67M |
| 4 |
Advisors Asset Management
Monument,
Colorado
|
+$1.79M |
| 5 |
Shaker Financial Services
Arlington,
Virginia
|
+$1.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Landscape Capital Management
Englewood,
New Jersey
|
-$5.2M |
| 2 |
Cohen & Steers
New York
|
-$3.33M |
| 3 |
Guggenheim Capital
Chicago,
Illinois
|
-$1.04M |
| 4 |
Curi RMB Capital
Chicago,
Illinois
|
-$990K |
| 5 |
Cerity Partners
New York
|
-$717K |
NCZ Hedge Fund Activity: Q1 2021 in Review
62 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2021, worth a combined $98.7M — up 5.3% from $93.8M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NCZ and 13 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 19 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $5.25M. The largest seller was Landscape Capital Management, cutting an estimated $5.2M.
- 62 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2021, down from 65 in Q4 2020.
- Funds reported $98.7M of Virtus Convertible & Income Fund II stock for Q1 2021, up 5.3% quarter-over-quarter.
- 13 funds opened new Virtus Convertible & Income Fund II positions in Q1 2021 and 16 closed out, a net change of -3 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2021 was Rivernorth Capital Management, an estimated $5.25M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2021 was Landscape Capital Management, an estimated $5.2M sold.
Based on aggregated 13F filings for Q1 2021.