Virtus Equity & Convertible Income Fund
NIE
51 hedge funds and large institutions have $141M invested in Virtus Equity & Convertible Income Fund in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 18 increasing their positions, 15 reducing their positions, and 5 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 15
0.28% more ownership
Funds ownership: 25.3% → 25.58% (+0.28%)
0% more funds holding
Funds holding: 51 → 51 (0)
0% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 5
1% less capital invested
Capital invested by funds: $142M → $141M (-$734K)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
+$2.08M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.78M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.42M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$1.36M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.06M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$1.34M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.26M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$1.02M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1M |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$683K |
NIE Hedge Fund Activity: Q3 2014 in Review
51 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2014, worth a combined $141M — down 0.52% from $142M a quarter earlier.
Fund positioning in NIE was balanced in Q3 2014: 5 funds opened new positions, 5 closed out, 18 added to existing stakes and 15 trimmed.
The largest buyer was 1607 Capital Partners, adding an estimated $2.08M. The largest seller was Robinson Capital Management, cutting an estimated $1.34M.
- 51 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2014, unchanged from Q2 2014.
- Funds reported $141M of Virtus Equity & Convertible Income Fund stock for Q3 2014, down 0.52% quarter-over-quarter.
- 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2014 and 5 closed out, a net change of 0 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2014 was 1607 Capital Partners, an estimated $2.08M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2014 was Robinson Capital Management, an estimated $1.34M sold.
Based on aggregated 13F filings for Q3 2014.