Virtus Convertible & Income Fund II
NCZ
60 hedge funds and large institutions have $99M invested in Virtus Convertible & Income Fund II in 2025 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 6 closing their positions.
99% more capital inflows, than outflows
Capital inflows: $7.32M | Capital outflows: $3.68M
33% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 6
3% more funds holding
Funds holding: 58 → 60 (+2)
1.37% more ownership
Funds ownership: 36.38% → 37.75% (+1.4%)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Advisors Asset Management
Monument,
Colorado
|
+$2.73M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
+$1.44M |
| 3 |
LPL Financial
San Diego,
California
|
+$645K |
| 4 |
Penserra Capital Management
Orinda,
California
|
+$535K |
| 5 |
Wolverine Asset Management
Chicago,
Illinois
|
+$463K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.61M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$580K |
| 3 |
Jane Street
New York
|
-$357K |
| 4 |
Oppenheimer & Co
New York
|
-$340K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$205K |
NCZ Hedge Fund Activity: Q4 2025 in Review
60 of the 8,301 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q4 2025, worth a combined $99M — up 4.6% from $94.7M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new NCZ positions and 6 closed out — a net gain of 2 holders — while 17 added to existing stakes and 21 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $2.73M. The largest seller was Morgan Stanley, cutting an estimated $1.61M.
- 60 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q4 2025, up from 58 in Q3 2025.
- Funds reported $99M of Virtus Convertible & Income Fund II stock for Q4 2025, up 4.6% quarter-over-quarter.
- 8 funds opened new Virtus Convertible & Income Fund II positions in Q4 2025 and 6 closed out, a net change of +2 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q4 2025 was Advisors Asset Management, an estimated $2.73M added.
- The largest Virtus Convertible & Income Fund II seller in Q4 2025 was Morgan Stanley, an estimated $1.61M sold.
Based on aggregated 13F filings for Q4 2025.