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NIE

Virtus Equity & Convertible Income Fund

84 hedge funds and large institutions have $175M invested in Virtus Equity & Convertible Income Fund in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 27 increasing their positions, 30 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 6

9% more capital invested

Capital invested by funds: $161M → $175M (+$13.9M)

2% more funds holding

Funds holding: 8284 (+2)

0.45% less ownership

Funds ownership: 27.85%27.4% (-0.45%)

10% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 30

Holders
84
Holders Change
+2
Holders Change %
+2.44%
% of All Funds
1.21%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
8
Increased
27
Reduced
30
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
OC
26
OxenFree Capital
Florida
$1.34M -$1.5K -69 -0.1%
BKA
27
Brick & Kyle Associates
Pennsylvania
$1.26M -$13.5K -623 -1%
KFGK
28
Keystone Financial Group (Kentucky)
Kentucky
$950K -$28.8K -1,327 -3%
SFS
29
Shaker Financial Services
Virginia
$873K +$845K +38,974 New
Walleye Capital
30
Walleye Capital
New York
$836K +$256K +11,784 +46%
Thrivent Financial for Lutherans
31
Thrivent Financial for Lutherans
Minnesota
$808K -$26.5K -1,222 -3%
Cetera Investment Advisers
32
Cetera Investment Advisers
Illinois
$771K +$387K +17,828 +107%
SPIA
33
Steward Partners Investment Advisory
New York
$750K -$27.7K -1,275 -4%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$687K -$7.74K -357 -1%
SC
35
Stolper & Co
Oklahoma
$681K +$30.5K +1,404 +5%
RIL
36
Rothschild Investment LLC
Illinois
$664K
HWAM
37
Hennion & Walsh Asset Management
New Jersey
$635K +$132K +6,069 +27%
Stifel Financial
38
Stifel Financial
Missouri
$595K -$3.58K -165 -0.6%
Baird Financial Group
39
Baird Financial Group
Wisconsin
$585K +$20.4K +941 +4%
Cohen & Steers
40
Cohen & Steers
New York
$585K -$651K -30,000 -53%
CWM
41
Cornerstone Wealth Management
Missouri
$482K +$77.3K +3,565 +20%
SP
42
Stonebrook Private
Michigan
$471K -$45.5K -2,099 -9%
SWM
43
Spire Wealth Management
Virginia
$468K
Truist Financial
44
Truist Financial
North Carolina
$452K +$6.51K +300 +2%
CWM
45
Centurion Wealth Management
Virginia
$431K -$14.5K -667 -3%
CA
46
Cetera Advisors
Colorado
$430K +$416K +19,191 New
DADC
47
D.A. Davidson & Co
Montana
$422K +$6.81K +314 +2%
WS
48
Wedbush Securities
California
$362K +$152 +7 +0%
IFWM
49
Institute for Wealth Management
Colorado
$343K +$542 +25 +0.2%
Envestnet Asset Management
50
Envestnet Asset Management
Illinois
$309K +$299K +13,793 New

NIE Hedge Fund Activity: Q1 2024 in Review

84 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2024, worth a combined $175M — up 8.6% from $161M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new NIE positions and 6 closed out — a net gain of 2 holders — while 27 added to existing stakes and 30 trimmed.

The largest buyer was Global Assets Advisory, adding an estimated $5.11M. The largest seller was Morgan Stanley, cutting an estimated $10.2M.

  • 84 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2024, up from 82 in Q4 2023.
  • Funds reported $175M of Virtus Equity & Convertible Income Fund stock for Q1 2024, up 8.6% quarter-over-quarter.
  • 8 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2024 and 6 closed out, a net change of +2 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q1 2024 was Global Assets Advisory, an estimated $5.11M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q1 2024 was Morgan Stanley, an estimated $10.2M sold.

Based on aggregated 13F filings for Q1 2024.