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NIE

Virtus Equity & Convertible Income Fund
NIE

48 hedge funds and large institutions have $139M invested in Virtus Equity & Convertible Income Fund in 2014 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 19 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

2% less capital invested

Capital invested by funds: $141M → $139M (-$2.28M)

1.4% less ownership

Funds ownership: 25.58% → 24.18% (-1.4%)

6% less funds holding

Funds holding: 51 → 48 (-3)

17% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 6

26% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 19

Holders
48
Holders Change
-3
Holders Change %
-5.88%
% of All Funds
1.28%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
14
Reduced
19
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$2.68M
2
PPA
Parametric Portfolio Associates
Washington
+$915K
3
OC
Oppenheimer & Co
New York
+$360K
4
Bank of America
Bank of America
North Carolina
+$283K
5
CA
Cetera Advisors
Colorado
+$266K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.79M
2
TJHA
Thomas J. Herzfeld Advisors
Florida
-$1.72M
3
KIM
Karpus Investment Management
New York
-$1.53M
4
GC
Guggenheim Capital
Illinois
-$1.41M
5
WAM
Wolverine Asset Management
Illinois
-$1.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
BKA
26
Brick & Kyle Associates
Pennsylvania
$389K +$384K +18,825 New
SKK
27
Shepherd Kaplan Krochuk
Massachusetts
$345K – – –
PNC Financial Services Group
28
PNC Financial Services Group
Pennsylvania
$312K +$214K +10,500 +228%
CA
29
Cetera Advisors
Colorado
$271K +$266K +13,034 New
BBPWM
30
Blue Bell Private Wealth Management
Pennsylvania
$257K -$191K -9,382 -43%
Citigroup
31
Citigroup
New York
$237K +$17.9K +877 +8%
MFS
32
MSI Financial Services
Massachusetts
$190K -$137K -6,718 -42%
LTFS
33
Ladenburg Thalmann Financial Services
Florida
$175K +$5.8K +284 +3%
BCMIO
34
Beacon Capital Management Inc (Ohio)
Ohio
$132K -$82.7K -4,050 -39%
S
35
SignatureFD
Georgia
$75K – – –
Deutsche Bank
36
Deutsche Bank
Germany
$67K +$28.6K +1,400 +76%
AIG
37
American International Group
New York
$56.9K +$15.3K +750 +38%
TJHA
38
Thomas J. Herzfeld Advisors
Florida
$41K -$1.72M -84,111 -98%
BRWM
39
B. Riley Wealth Management
Tennessee
$38K – – –
WA
40
WFG Advisors
Texas
$36K – – –
DADC
41
D.A. Davidson & Co
Montana
$31K – – –
LNB
42
Ledyard National Bank
$29K – – –
Envestnet Asset Management
43
Envestnet Asset Management
Illinois
$23K +$898 +44 +4%
SIA
44
Stancorp Investment Advisers
Oregon
$20K +$19.7K +965 New
HF
45
Hoxton Financial
West Virginia
$19K – – –
Bank of Montreal
46
Bank of Montreal
Ontario, Canada
$16K – – –
WCM
47
Wealthcare Capital Management
Virginia
$2K – – –
Fifth Third Bancorp
48
Fifth Third Bancorp
Ohio
$1K +$1.14K +56 New
WAM
49
Wolverine Asset Management
Illinois
– -$1.04M -52,296 Closed
DA
50
Doliver Advisors
Texas
– -$581K -29,256 Closed
1
2
3

NIE Hedge Fund Activity: Q4 2014 in Review

48 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2014, worth a combined $139M — down 1.6% from $141M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of NIE and 5 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 14 added.

The largest buyer was Advisors Asset Management, adding an estimated $2.68M. The largest seller was Morgan Stanley, cutting an estimated $1.79M.

  • 48 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2014, down from 51 in Q3 2014.
  • Funds reported $139M of Virtus Equity & Convertible Income Fund stock for Q4 2014, down 1.6% quarter-over-quarter.
  • 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2014 and 6 closed out, a net change of -1 holder.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2014 was Advisors Asset Management, an estimated $2.68M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2014 was Morgan Stanley, an estimated $1.79M sold.

Based on aggregated 13F filings for Q4 2014.