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NIE

Virtus Equity & Convertible Income Fund
NIE

39 hedge funds and large institutions have $80M invested in Virtus Equity & Convertible Income Fund in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 9 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 9

5% more capital invested

Capital invested by funds: $76.2M → $80M (+$3.74M)

0.66% more ownership

Funds ownership: 18.65% → 19.31% (+0.66%)

0% more funds holding

Funds holding: 39 → 39 (0)

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

Holders
39
Holders Change
–
Holders Change %
0%
% of All Funds
1.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
21
Reduced
9
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
+$1.72M
2
GEM
Global Endowment Management
North Carolina
+$1.18M
3
Morgan Stanley
Morgan Stanley
New York
+$741K
4
OC
Oppenheimer & Co
New York
+$724K
5
AAM
Advisors Asset Management
Colorado
+$578K

Top Sellers

Rank Fund Capital Flow
1
GFM
Gramercy Funds Management
Connecticut
-$1.84M
2
Invesco
Invesco
Georgia
-$1.78M
3
RJFSA
Raymond James Financial Services Advisors
Florida
-$799K
4
CPA
Cowen Prime Advisors
New York
-$293K
5
RVP
Relative Value Partners
Illinois
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
BBPWM
26
Blue Bell Private Wealth Management
Pennsylvania
$326K +$47.3K +2,542 +17%
SKK
27
Shepherd Kaplan Krochuk
Massachusetts
$278K +$279K +14,980 New
RJFSA
28
Raymond James Financial Services Advisors
Florida
$267K -$799K -42,916 -75%
MFS
29
MSI Financial Services
Massachusetts
$264K +$76.3K +4,099 +40%
Ameriprise
30
Ameriprise
Minnesota
$234K -$8.01K -430 -3%
WI
31
Western Investment
Utah
$200K – – –
Deutsche Bank
32
Deutsche Bank
Germany
$162K +$67K +3,596 +69%
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$139K – – –
Citigroup
34
Citigroup
New York
$32K +$205 +11 +0.6%
S
35
SignatureFD
Georgia
$30K +$19.9K +1,070 +192%
US Bancorp
36
US Bancorp
Minnesota
$25K +$25K +1,345 New
Creative Planning
37
Creative Planning
Kansas
$19K +$56 +3 +0.3%
RIA
38
Regal Investment Advisors
Michigan
$4K – – –
AIG
39
American International Group
New York
$3.71K – – –
CPA
40
Cowen Prime Advisors
New York
– -$293K -16,000 Closed
TRCT
41
Tower Research Capital (TRC)
New York
– -$16K -900 Closed
PWAG
42
Polaris Wealth Advisory Group
California
– -$18 -1 Closed
1
2

NIE Hedge Fund Activity: Q3 2013 in Review

39 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2013, worth a combined $80M — up 4.9% from $76.2M a quarter earlier.

Fund positioning in NIE was balanced in Q3 2013: 3 funds opened new positions, 3 closed out, 21 added to existing stakes and 9 trimmed.

The largest buyer was Wolverine Asset Management, adding an estimated $1.72M. The largest seller was Gramercy Funds Management, cutting an estimated $1.84M.

  • 39 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2013, unchanged from Q2 2013.
  • Funds reported $80M of Virtus Equity & Convertible Income Fund stock for Q3 2013, up 4.9% quarter-over-quarter.
  • 3 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2013 and 3 closed out, a net change of 0 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q3 2013 was Wolverine Asset Management, an estimated $1.72M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q3 2013 was Gramercy Funds Management, an estimated $1.84M sold.

Based on aggregated 13F filings for Q3 2013.