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NIE

Virtus Equity & Convertible Income Fund
NIE

41 hedge funds and large institutions have $92.2M invested in Virtus Equity & Convertible Income Fund in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

45% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 11

15% more capital invested

Capital invested by funds: $80M → $92.2M (+$12.2M)

5% more funds holding

Funds holding: 39 → 41 (+2)

1.87% more ownership

Funds ownership: 19.31% → 21.19% (+1.9%)

Holders
41
Holders Change
+2
Holders Change %
+5.13%
% of All Funds
1.19%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
16
Reduced
11
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CAN
Cetera Advisor Networks
California
+$1.82M
2
VKH
Virtu KCG Holdings
New York
+$1.5M
3
WAM
Wolverine Asset Management
Illinois
+$1.3M
4
Morgan Stanley
Morgan Stanley
New York
+$906K
5
RCM
Rivernorth Capital Management
Florida
+$625K

Top Sellers

Rank Fund Capital Flow
1
GFM
Gramercy Funds Management
Connecticut
-$863K
2
GC
Guggenheim Capital
Illinois
-$382K
3
Bank of America
Bank of America
North Carolina
-$253K
4
FAAS
First Allied Advisory Services
California
-$239K
5
Ameriprise
Ameriprise
Minnesota
-$234K
Name Holding Trade Value Shares
Change 		Change in
Stake
CWM
26
Concert Wealth Management
California
$445K – – –
VAM
27
Visium Asset Management
New York
$426K +$5.48K +286 +1%
COLIM
28
City of London Investment Management
United Kingdom
$402K +$395K +20,625 New
BBPWM
29
Blue Bell Private Wealth Management
Pennsylvania
$364K +$21K +1,095 +6%
FAAS
30
First Allied Advisory Services
California
$332K -$239K -12,500 -42%
RJFSA
31
Raymond James Financial Services Advisors
Florida
$321K +$39.3K +2,050 +14%
SKK
32
Shepherd Kaplan Krochuk
Massachusetts
$292K – – –
MFS
33
MSI Financial Services
Massachusetts
$240K -$37.2K -1,944 -14%
BCMIO
34
Beacon Capital Management Inc (Ohio)
Ohio
$202K +$198K +10,340 New
LTFS
35
Ladenburg Thalmann Financial Services
Florida
$146K – – –
Deutsche Bank
36
Deutsche Bank
Germany
$85K -$84.2K -4,396 -50%
US Bancorp
37
US Bancorp
Minnesota
$46K +$19.2K +1,000 +74%
DADC
38
D.A. Davidson & Co
Montana
$39K +$38.3K +2,000 New
Citigroup
39
Citigroup
New York
$34K – – –
S
40
SignatureFD
Georgia
$32K – – –
AIG
41
American International Group
New York
$3.9K – – –
Ameriprise
42
Ameriprise
Minnesota
– -$234K -12,606 Closed
Creative Planning
43
Creative Planning
Kansas
– -$19K -1,012 Closed
RIA
44
Regal Investment Advisors
Michigan
– -$4K -217 Closed
1
2

NIE Hedge Fund Activity: Q4 2013 in Review

41 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2013, worth a combined $92.2M — up 15% from $80M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new NIE positions and 3 closed out — a net gain of 3 holders — while 16 added to existing stakes and 11 trimmed.

The largest buyer was Cetera Advisor Networks, opening a new position worth an estimated $1.82M. The largest seller was Gramercy Funds Management, cutting an estimated $863K.

  • 41 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2013, up from 39 in Q3 2013.
  • Funds reported $92.2M of Virtus Equity & Convertible Income Fund stock for Q4 2013, up 15% quarter-over-quarter.
  • 6 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2013 and 3 closed out, a net change of +3 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2013 was Cetera Advisor Networks, an estimated $1.82M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2013 was Gramercy Funds Management, an estimated $863K sold.

Based on aggregated 13F filings for Q4 2013.