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NIE

Virtus Equity & Convertible Income Fund

50 hedge funds and large institutions have $113M invested in Virtus Equity & Convertible Income Fund in 2015 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 24 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.26% more ownership

Funds ownership: 22.52%23.78% (+1.3%)

4% less funds holding

Funds holding: 5250 (-2)

6% less capital invested

Capital invested by funds: $120M → $113M (-$7.02M)

29% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 7

50% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 24

Holders
50
Holders Change
-2
Holders Change %
-3.85%
% of All Funds
1.4%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
5
Increased
12
Reduced
24
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Baird Financial Group
26
Baird Financial Group
Wisconsin
$379K +$5.68K +306 +1%
BKA
27
Brick & Kyle Associates
Pennsylvania
$317K -$6.77K -365 -2%
RJFSA
28
Raymond James Financial Services Advisors
Florida
$290K +$313K +16,868 New
SKK
29
Shepherd Kaplan Krochuk
Massachusetts
$287K
Citigroup
30
Citigroup
New York
$266K -$8.48K -457 -3%
AA
31
AQR Arbitrage
Connecticut
$261K +$282K +15,207 New
BBPWM
32
Blue Bell Private Wealth Management
Pennsylvania
$252K +$140K +7,539 +106%
CAN
33
Cetera Advisor Networks
California
$236K -$32K -1,724 -11%
CRC
34
Curi RMB Capital
Illinois
$232K +$250K +13,496 New
LTFS
35
Ladenburg Thalmann Financial Services
Florida
$191K -$4.94K -266 -2%
CA
36
Cetera Advisors
Colorado
$181K -$46.4K -2,500 -19%
AIG
37
American International Group
New York
$82K -$13.9K -750 -13%
Deutsche Bank
38
Deutsche Bank
Germany
$69K
BCMIO
39
Beacon Capital Management Inc (Ohio)
Ohio
$67K -$44.5K -2,400 -38%
Envestnet Asset Management
40
Envestnet Asset Management
Illinois
$56K +$60.8K +3,279 New
DADC
41
D.A. Davidson & Co
Montana
$42K -$27.8K -1,500 -38%
S
42
SignatureFD
Georgia
$34K -$30.2K -1,627 -45%
TJHA
43
Thomas J. Herzfeld Advisors
Florida
$34K
MFS
44
MSI Financial Services
Massachusetts
$21K -$97K -5,225 -81%
CTC
45
Central Trust Company
Missouri
$21K
HF
46
Hoxton Financial
West Virginia
$16K
Bank of Montreal
47
Bank of Montreal
Ontario, Canada
$13K -$5.57K -300 -28%
EWM
48
Edge Wealth Management
New York
$8K
WCM
49
Wealthcare Capital Management
Virginia
$2K
MPWT
50
MassMutual Private Wealth & Trust
Connecticut
$577 +$538 +29 New

NIE Hedge Fund Activity: Q3 2015 in Review

50 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2015, worth a combined $113M — down 5.8% from $120M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of NIE and 5 opened new positions — a net loss of 2 holders — while 24 trimmed existing stakes and 12 added.

The largest buyer was Karpus Investment Management, adding an estimated $10.6M. The largest seller was Advisors Asset Management, cutting an estimated $5.86M.

  • 50 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2015, down from 52 in Q2 2015.
  • Funds reported $113M of Virtus Equity & Convertible Income Fund stock for Q3 2015, down 5.8% quarter-over-quarter.
  • 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2015 and 7 closed out, a net change of -2 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q3 2015 was Karpus Investment Management, an estimated $10.6M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q3 2015 was Advisors Asset Management, an estimated $5.86M sold.

Based on aggregated 13F filings for Q3 2015.