Virtus Convertible & Income Fund II
NCZ
53 hedge funds and large institutions have $70.4M invested in Virtus Convertible & Income Fund II in 2025 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 35 closing their positions.
23.22% more ownership
Funds ownership: 8.79% → 32% (+23%)
16% less capital invested
Capital invested by funds: $83.8M → $70.4M (-$13.3M)
30% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 23
34% less funds holding
Funds holding: 80 → 53 (-27)
77% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.35M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$759K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$673K |
| 4 |
GP
Gridiron Partners
Wexford,
Pennsylvania
|
+$544K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$522K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPC
Congress Park Capital
Saratoga Springs,
New York
|
-$5.61M |
| 2 |
Pathstone Holdings
Englewood,
New Jersey
|
-$2.22M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.03M |
| 4 |
PAS
Park Avenue Securities
New York
|
-$1.42M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$841K |
NCZ Hedge Fund Activity: Q1 2025 in Review
53 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q1 2025, worth a combined $70.4M — down 16% from $83.8M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of NCZ and 8 opened new positions — a net loss of 27 holders — while 23 trimmed existing stakes and 16 added.
The largest buyer was Penserra Capital Management, opening a new position worth an estimated $3.35M. The largest seller was Congress Park Capital, exiting entirely with an estimated $5.61M sold.
- 53 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q1 2025, down from 80 in Q4 2024.
- Funds reported $70.4M of Virtus Convertible & Income Fund II stock for Q1 2025, down 16% quarter-over-quarter.
- 8 funds opened new Virtus Convertible & Income Fund II positions in Q1 2025 and 35 closed out, a net change of -27 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q1 2025 was Penserra Capital Management, an estimated $3.35M added.
- The largest Virtus Convertible & Income Fund II seller in Q1 2025 was Congress Park Capital, an estimated $5.61M sold.
Based on aggregated 13F filings for Q1 2025.