Virtus Convertible & Income Fund II
NCZ
61 hedge funds and large institutions have $122M invested in Virtus Convertible & Income Fund II in 2026 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 18 increasing their positions, 19 reducing their positions, and 7 closing their positions.
71% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 7
25% more capital invested
Capital invested by funds: $97.7M → $122M (+$24.6M)
7% more funds holding
Funds holding: 57 → 61 (+4)
2.14% more ownership
Funds ownership: 38.3% → 40.43% (+2.1%)
5% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.68M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$3.14M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$3.1M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.6M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$514K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.18M |
| 2 |
Morgan Stanley
New York
|
-$1.07M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$781K |
| 4 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
-$777K |
| 5 |
RAM
Readystate Asset Management
Chicago,
Illinois
|
-$301K |
NCZ Hedge Fund Activity: Q2 2026 in Review
61 of the 8,349 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income Fund II (NCZ) for Q2 2026, worth a combined $122M — up 25% from $97.7M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NCZ positions and 7 closed out — a net gain of 5 holders — while 18 added to existing stakes and 19 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $3.68M. The largest seller was Saba Capital Management, cutting an estimated $4.18M.
- 61 institutional investors held Virtus Convertible & Income Fund II (NCZ) as of Q2 2026, up from 57 in Q1 2026.
- Funds reported $122M of Virtus Convertible & Income Fund II stock for Q2 2026, up 25% quarter-over-quarter.
- 12 funds opened new Virtus Convertible & Income Fund II positions in Q2 2026 and 7 closed out, a net change of +5 holders.
- The largest Virtus Convertible & Income Fund II buyer in Q2 2026 was Envestnet Asset Management, an estimated $3.68M added.
- The largest Virtus Convertible & Income Fund II seller in Q2 2026 was Saba Capital Management, an estimated $4.18M sold.
Based on aggregated 13F filings for Q2 2026.