Virtus Convertible & Income Fund II
NCZ
57 hedge funds and large institutions have $94.7M invested in Virtus Convertible & Income Fund II in 2025 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 23 reducing their positions, and 8 closing their positions.
10% more capital invested
Capital invested by funds: $85.8M → $94.7M (+$8.91M)
5% less funds holding
Funds holding: 60 → 57 (-3)
35% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 23
35.11% less ownership
Funds ownership: 35.11% → 0% (-35%)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penserra Capital Management
Orinda,
California
|
+$3.29M |
| 2 |
PAS
Park Avenue Securities
New York
|
+$1.23M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$808K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$786K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$402K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.34M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$765K |
| 3 |
CPC
Congress Park Capital
Saratoga Springs,
New York
|
-$549K |
| 4 |
ICM
Ionic Capital Management
New York
|
-$497K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$412K |
NCZ Hedge Fund Activity: Q3 2025 in Review
57 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q3 2025, worth a combined $94.7M — up 10% from $85.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NCZ and 5 opened new positions — a net loss of 3 holders — while 23 trimmed existing stakes and 15 added.
The largest buyer was Penserra Capital Management, adding an estimated $3.29M. The largest seller was Morgan Stanley, cutting an estimated $1.34M.
- 57 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q3 2025, down from 60 in Q2 2025.
- Funds reported $94.7M of Virtus Convertible & Income Fund II stock for Q3 2025, up 10% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income Fund II positions in Q3 2025 and 8 closed out, a net change of -3 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q3 2025 was Penserra Capital Management, an estimated $3.29M added.
- The largest Virtus Convertible & Income Fund II seller in Q3 2025 was Morgan Stanley, an estimated $1.34M sold.
Based on aggregated 13F filings for Q3 2025.