Virtus Convertible & Income Fund II
NCZ
70 hedge funds and large institutions have $76.2M invested in Virtus Convertible & Income Fund II in 2024 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 33 increasing their positions, 16 reducing their positions, and 17 closing their positions.
106% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 16
1.02% more ownership
Funds ownership: 32.48% → 33.5% (+1%)
3% more capital invested
Capital invested by funds: $73.7M → $76.2M (+$2.57M)
10% less funds holding
Funds holding: 78 → 70 (-8)
47% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.11M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.01M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$999K |
| 4 |
CA
Cetera Advisors
Denver,
Colorado
|
+$850K |
| 5 |
Pathstone Holdings
Englewood,
New Jersey
|
+$711K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$3.45M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$764K |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$618K |
| 4 |
Osaic Holdings
Scottsdale,
Arizona
|
-$210K |
| 5 |
EC
Elequin Capital
New York
|
-$144K |
NCZ Hedge Fund Activity: Q1 2024 in Review
70 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2024, worth a combined $76.2M — up 3.5% from $73.7M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of NCZ and 9 opened new positions — a net loss of 8 holders — while 16 trimmed existing stakes and 33 added.
The largest buyer was Morgan Stanley, adding an estimated $3.11M. The largest seller was Saba Capital Management, exiting entirely with an estimated $3.45M sold.
- 70 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2024, down from 78 in Q4 2023.
- Funds reported $76.2M of Virtus Convertible & Income Fund II stock for Q1 2024, up 3.5% quarter-over-quarter.
- 9 funds opened new Virtus Convertible & Income Fund II positions in Q1 2024 and 17 closed out, a net change of -8 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2024 was Morgan Stanley, an estimated $3.11M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2024 was Saba Capital Management, an estimated $3.45M sold.
Based on aggregated 13F filings for Q1 2024.