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NIE

Virtus Equity & Convertible Income Fund
NIE

78 hedge funds and large institutions have $161M invested in Virtus Equity & Convertible Income Fund in 2024 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 30 increasing their positions, 25 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 25

2.3% less ownership

Funds ownership: 27.4% → 25.1% (-2.3%)

7% less funds holding

Funds holding: 84 → 78 (-6)

8% less capital invested

Capital invested by funds: $175M → $161M (-$13.8M)

44% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 9

Holders
78
Holders Change
-6
Holders Change %
-7.14%
% of All Funds
1.13%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
30
Reduced
25
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
+$3.07M
2
Wells Fargo
Wells Fargo
California
+$2.1M
3
RJFSA
Raymond James Financial Services Advisors
Florida
+$832K
4
Invesco
Invesco
Georgia
+$676K
5
LPL Financial
LPL Financial
California
+$471K

Top Sellers

Rank Fund Capital Flow
1
GAA
Global Assets Advisory
Florida
-$11M
2
CA
Cornerstone Advisors
North Carolina
-$3.74M
3
Allspring Global Investments
Allspring Global Investments
North Carolina
-$2.1M
4
AF
Allworth Financial
California
-$1.77M
5
Bank of America
Bank of America
North Carolina
-$1.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
Thrivent Financial for Lutherans
26
Thrivent Financial for Lutherans
Minnesota
$844K +$6.36K +284 +0.8%
SPIA
27
Steward Partners Investment Advisory
New York
$800K +$20.7K +926 +3%
Cetera Investment Advisers
28
Cetera Investment Advisers
Illinois
$778K -$21.2K -945 -3%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$763K +$47.9K +2,137 +7%
HWAM
30
Hennion & Walsh Asset Management
New Jersey
$746K +$83.3K +3,718 +13%
SC
31
Stolper & Co
Oklahoma
$708K +$1.12K +50 +0.2%
RIL
32
Rothschild Investment LLC
Illinois
$689K – – –
Baird Financial Group
33
Baird Financial Group
Wisconsin
$597K -$10.2K -456 -2%
Stifel Financial
34
Stifel Financial
Missouri
$589K -$28.2K -1,260 -5%
CWM
35
Cornerstone Wealth Management
Missouri
$497K -$3.18K -142 -0.7%
DADC
36
D.A. Davidson & Co
Montana
$491K +$50.8K +2,269 +12%
CA
37
Cornerstone Advisors
North Carolina
$476K -$3.74M -167,119 -89%
Truist Financial
38
Truist Financial
North Carolina
$469K – – –
WS
39
Wedbush Securities
California
$376K +$157 +7 +0%
IFWM
40
Institute for Wealth Management
Colorado
$355K -$761 -34 -0.2%
LFAS
41
Level Four Advisory Services
Texas
$328K +$38.4K +1,716 +14%
PI
42
PFG Investments
New York
$327K +$315K +14,065 New
WI
43
Wintrust Investments
Illinois
$326K +$37K +1,650 +13%
DWP
44
Daymark Wealth Partners
Ohio
$311K – – –
IAIM
45
International Assets Investment Management
Florida
$310K +$20.7K +925 +7%
Comerica Bank
46
Comerica Bank
Texas
$295K +$985 +44 +0.3%
SCA
47
SMH Capital Advisors
Texas
$285K -$31.3K -1,396 -10%
Northwestern Mutual Wealth Management
48
Northwestern Mutual Wealth Management
Wisconsin
$275K +$217K +9,682 +451%
Envestnet Asset Management
49
Envestnet Asset Management
Illinois
$264K -$54.5K -2,433 -18%
Janney Montgomery Scott
50
Janney Montgomery Scott
Pennsylvania
$254K +$1.48K +66 +0.6%
1
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NIE Hedge Fund Activity: Q2 2024 in Review

78 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2024, worth a combined $161M — down 7.9% from $175M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of NIE and 5 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 30 added.

The largest buyer was Advisors Asset Management, adding an estimated $3.07M. The largest seller was Global Assets Advisory, exiting entirely with an estimated $11M sold.

  • 78 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2024, down from 84 in Q1 2024.
  • Funds reported $161M of Virtus Equity & Convertible Income Fund stock for Q2 2024, down 7.9% quarter-over-quarter.
  • 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2024 and 9 closed out, a net change of -4 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q2 2024 was Advisors Asset Management, an estimated $3.07M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q2 2024 was Global Assets Advisory, an estimated $11M sold.

Based on aggregated 13F filings for Q2 2024.