Virtus Convertible & Income Fund II
NCZ
64 hedge funds and large institutions have $97.5M invested in Virtus Convertible & Income Fund II in 2021 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 22 increasing their positions, 15 reducing their positions, and 8 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 15
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
3% more funds holding
Funds holding: 62 → 64 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.52% less ownership
Funds ownership: 6.49% → 5.97% (-0.52%)
1% less capital invested
Capital invested by funds: $98.7M → $97.5M (-$1.24M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.87M |
| 2 |
Morgan Stanley
New York
|
+$1.33M |
| 3 |
BI
Bramshill Investments
Naples,
Florida
|
+$1.26M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.21M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$610K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.79M |
| 2 |
SCM
Saba Capital Management
New York
|
-$2.47M |
| 3 |
Cohen & Steers
New York
|
-$1.92M |
| 4 |
QC
Quantedge Capital
Singapore
|
-$1.08M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$858K |
NCZ Hedge Fund Activity: Q2 2021 in Review
64 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2021, worth a combined $97.5M — down 1.3% from $98.7M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new NCZ positions and 8 closed out — a net gain of 2 holders — while 22 added to existing stakes and 15 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $1.87M. The largest seller was Rivernorth Capital Management, cutting an estimated $5.79M.
- 64 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2021, up from 62 in Q1 2021.
- Funds reported $97.5M of Virtus Convertible & Income Fund II stock for Q2 2021, down 1.3% quarter-over-quarter.
- 10 funds opened new Virtus Convertible & Income Fund II positions in Q2 2021 and 8 closed out, a net change of +2 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2021 was Parametric Portfolio Associates, an estimated $1.87M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2021 was Rivernorth Capital Management, an estimated $5.79M sold.
Based on aggregated 13F filings for Q2 2021.