Virtus Convertible & Income Fund II
NCZ
71 hedge funds and large institutions have $66.8M invested in Virtus Convertible & Income Fund II in 2023 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 29 increasing their positions, 16 reducing their positions, and 10 closing their positions.
81% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 16
51% more capital inflows, than outflows
Capital inflows: $4.07M | Capital outflows: $2.69M
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
3% more funds holding
Funds holding: 69 → 71 (+2)
0.59% more ownership
Funds ownership: 27.63% → 28.22% (+0.59%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.57M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$870K |
| 3 |
Kistler-Tiffany Companies
Berwyn,
Pennsylvania
|
+$188K |
| 4 |
ICMP
Integrated Capital Management (Pennsylvania)
Jessup,
Pennsylvania
|
+$142K |
| 5 |
Logan Stone Capital
Chicago,
Illinois
|
+$111K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advisors Asset Management
Monument,
Colorado
|
-$938K |
| 2 |
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$327K |
| 3 |
Axxcess Wealth Management
Carlsbad,
California
|
-$181K |
| 4 |
Saba Capital Management
New York
|
-$161K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$157K |
NCZ Hedge Fund Activity: Q2 2023 in Review
71 of the 6,389 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2023, worth a combined $66.8M — up 5.8% from $63.2M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new NCZ positions and 10 closed out — a net gain of 3 holders — while 29 added to existing stakes and 16 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.57M. The largest seller was Advisors Asset Management, cutting an estimated $938K.
- 71 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2023, up from 69 in Q1 2023.
- Funds reported $66.8M of Virtus Convertible & Income Fund II stock for Q2 2023, up 5.8% quarter-over-quarter.
- 13 funds opened new Virtus Convertible & Income Fund II positions in Q2 2023 and 10 closed out, a net change of +3 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2023 was Morgan Stanley, an estimated $1.57M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2023 was Advisors Asset Management, an estimated $938K sold.
Based on aggregated 13F filings for Q2 2023.