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NIE

Virtus Equity & Convertible Income Fund
NIE

82 hedge funds and large institutions have $161M invested in Virtus Equity & Convertible Income Fund in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 1

15% more funds holding

Funds holding: 71 → 82 (+11)

13% more capital invested

Capital invested by funds: $143M → $161M (+$18.4M)

1.9% more ownership

Funds ownership: 25.95% → 27.85% (+1.9%)

8% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 24

Holders
82
Holders Change
+11
Holders Change %
+15.49%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
26
Reduced
24
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$10.8M
2
AAM
Advisors Asset Management
Colorado
+$2.1M
3
LCM
Landscape Capital Management
New Jersey
+$1.2M
4
CA
Cornerstone Advisors
North Carolina
+$1.07M
5
GC
Guggenheim Capital
Illinois
+$602K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$4.93M
2
Bank of America
Bank of America
North Carolina
-$2.97M
3
Osaic Holdings
Osaic Holdings
Arizona
-$981K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$564K
5
ASN
Advisory Services Network
Georgia
-$325K
Name Holding Trade Value Shares
Change 		Change in
Stake
Cohen & Steers
26
Cohen & Steers
New York
$1.17M – – –
Invesco
27
Invesco
Georgia
$973K -$245K -12,067 -21%
KFGK
28
Keystone Financial Group (Kentucky)
Kentucky
$915K -$10.6K -525 -1%
Thrivent Financial for Lutherans
29
Thrivent Financial for Lutherans
Minnesota
$780K +$287K +14,143 +61%
SPIA
30
Steward Partners Investment Advisory
New York
$727K +$7.4K +365 +1%
Commonwealth Equity Services
31
Commonwealth Equity Services
Massachusetts
$649K -$564K -27,825 -47%
RIL
32
Rothschild Investment LLC
Illinois
$620K – – –
SC
33
Stolper & Co
Oklahoma
$606K -$27.8K -1,370 -5%
Stifel Financial
34
Stifel Financial
Missouri
$559K – – –
Walleye Capital
35
Walleye Capital
New York
$535K +$206K +10,143 +66%
Baird Financial Group
36
Baird Financial Group
Wisconsin
$527K +$82.2K +4,059 +19%
SP
37
Stonebrook Private
Michigan
$484K +$469K +23,127 New
HWAM
38
Hennion & Walsh Asset Management
New Jersey
$466K +$452K +22,309 New
SWM
39
Spire Wealth Management
Virginia
$446K -$13.5K -667 -3%
WAM
40
Wolverine Asset Management
Illinois
$431K +$418K +20,624 New
WAM
41
Weiss Asset Management
Massachusetts
$417K +$404K +19,949 New
CWM
42
Centurion Wealth Management
Virginia
$416K – – –
Truist Financial
43
Truist Financial
North Carolina
$416K – – –
DADC
44
D.A. Davidson & Co
Montana
$388K -$14.9K -734 -4%
CWM
45
Cornerstone Wealth Management
Missouri
$376K -$7.98K -394 -2%
Cetera Investment Advisers
46
Cetera Investment Advisers
Illinois
$347K +$13.9K +686 +4%
AWS
47
Atria Wealth Solutions
New York
$339K -$19.5K -963 -6%
WS
48
Wedbush Securities
California
$338K -$9.99K -493 -3%
WI
49
Wintrust Investments
Illinois
$332K +$36.3K +1,791 +13%
IFWM
50
Institute for Wealth Management
Colorado
$320K -$8.11K -400 -3%
1
2
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NIE Hedge Fund Activity: Q4 2023 in Review

82 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2023, worth a combined $161M — up 13% from $143M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NIE positions and 1 closed out — a net gain of 11 holders — while 26 added to existing stakes and 24 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $10.8M. The largest seller was Wells Fargo, cutting an estimated $4.93M.

  • 82 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2023, up from 71 in Q3 2023.
  • Funds reported $161M of Virtus Equity & Convertible Income Fund stock for Q4 2023, up 13% quarter-over-quarter.
  • 12 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2023 and 1 closed out, a net change of +11 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $10.8M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2023 was Wells Fargo, an estimated $4.93M sold.

Based on aggregated 13F filings for Q4 2023.