Virtus Convertible & Income Fund II
NCZ
67 hedge funds and large institutions have $54.6M invested in Virtus Convertible & Income Fund II in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 21 reducing their positions, and 16 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 21
0.18% less ownership
Funds ownership: 25.61% → 25.43% (-0.18%)
2% less capital inflows, than outflows
Capital inflows: $7.49M | Capital outflows: $7.61M
11% less funds holding
Funds holding: 75 → 67 (-8)
38% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Heron Bay Capital Management
Bloomfield Hills,
Michigan
|
+$3.3M |
| 2 |
Congress Park Capital
Saratoga Springs,
New York
|
+$837K |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$749K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$502K |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
+$373K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.94M |
| 2 |
Saba Capital Management
New York
|
-$1.02M |
| 3 |
Shaker Financial Services
Arlington,
Virginia
|
-$951K |
| 4 |
1607 Capital Partners
Richmond,
Virginia
|
-$909K |
| 5 |
Cohen & Steers
New York
|
-$783K |
NCZ Hedge Fund Activity: Q3 2022 in Review
67 of the 5,832 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2022, worth a combined $54.6M — down 11% from $61.6M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NCZ and 10 opened new positions — a net loss of 6 holders — while 21 trimmed existing stakes and 26 added.
The largest buyer was Heron Bay Capital Management, adding an estimated $3.3M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $1.94M sold.
- 67 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2022, down from 75 in Q2 2022.
- Funds reported $54.6M of Virtus Convertible & Income Fund II stock for Q3 2022, down 11% quarter-over-quarter.
- 10 funds opened new Virtus Convertible & Income Fund II positions in Q3 2022 and 16 closed out, a net change of -6 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q3 2022 was Heron Bay Capital Management, an estimated $3.3M added.
- The largest Virtus Convertible & Income Fund II seller in Q3 2022 was Rivernorth Capital Management, an estimated $1.94M sold.
Based on aggregated 13F filings for Q3 2022.