Virtus Convertible & Income Fund II
NCZ
62 hedge funds and large institutions have $86.5M invested in Virtus Convertible & Income Fund II in 2022 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 20 reducing their positions, and 12 closing their positions.
5% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 20
0.32% less ownership
Funds ownership: 26.56% → 26.24% (-0.32%)
9% less funds holding
Funds holding: 68 → 62 (-6)
16% less capital invested
Capital invested by funds: $103M → $86.5M (-$16.8M)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$6.74M |
| 2 |
Cohen & Steers
New York
|
+$752K |
| 3 |
DWM
Doyle Wealth Management
St. Petersburg,
Florida
|
+$498K |
| 4 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$425K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$421K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.03M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.44M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$953K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$930K |
| 5 |
HWAM
Hennion & Walsh Asset Management
Parsippany,
New Jersey
|
-$776K |
NCZ Hedge Fund Activity: Q1 2022 in Review
62 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2022, worth a combined $86.5M — down 16% from $103M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of NCZ and 8 opened new positions — a net loss of 4 holders — while 20 trimmed existing stakes and 21 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $6.74M. The largest seller was Saba Capital Management, cutting an estimated $3.03M.
- 62 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2022, down from 68 in Q4 2021.
- Funds reported $86.5M of Virtus Convertible & Income Fund II stock for Q1 2022, down 16% quarter-over-quarter.
- 8 funds opened new Virtus Convertible & Income Fund II positions in Q1 2022 and 12 closed out, a net change of -4 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2022 was Parametric Portfolio Associates, an estimated $6.74M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2022 was Saba Capital Management, an estimated $3.03M sold.
Based on aggregated 13F filings for Q1 2022.