Virtus Equity & Convertible Income Fund
NIE
61 hedge funds and large institutions have $122M invested in Virtus Equity & Convertible Income Fund in 2015 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 4 closing their positions.
275% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 4
22% more funds holding
Funds holding: 50 → 61 (+11)
8% more capital invested
Capital invested by funds: $113M → $122M (+$8.53M)
0.7% more ownership
Funds ownership: 23.78% → 24.48% (+0.7%)
35% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.14M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.94M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.4M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.23M |
| 5 |
SG Americas Securities
New York
|
+$822K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.08M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.92M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.29M |
| 4 |
OC
Oppenheimer & Co
New York
|
-$1.14M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$522K |
NIE Hedge Fund Activity: Q4 2015 in Review
61 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2015, worth a combined $122M — up 7.5% from $113M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NIE positions and 4 closed out — a net gain of 11 holders — while 13 added to existing stakes and 20 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.14M. The largest seller was Advisors Asset Management, cutting an estimated $3.08M.
- 61 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2015, up from 50 in Q3 2015.
- Funds reported $122M of Virtus Equity & Convertible Income Fund stock for Q4 2015, up 7.5% quarter-over-quarter.
- 15 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2015 and 4 closed out, a net change of +11 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2015 was Morgan Stanley, an estimated $3.14M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2015 was Advisors Asset Management, an estimated $3.08M sold.
Based on aggregated 13F filings for Q4 2015.