Virtus Equity & Convertible Income Fund
NIE
90 hedge funds and large institutions have $185M invested in Virtus Equity & Convertible Income Fund in 2025 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 37 increasing their positions, 25 reducing their positions, and 8 closing their positions.
48% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 25
3% more capital invested
Capital invested by funds: $181M → $185M (+$4.69M)
6% less funds holding
Funds holding: 96 → 90 (-6)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$7.55M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.49M |
| 3 |
LPL Financial
San Diego,
California
|
+$1.44M |
| 4 |
P
&Partners
Nashville,
Tennessee
|
+$718K |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
+$657K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.91M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$1.66M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.31M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$959K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$892K |
NIE Hedge Fund Activity: Q4 2025 in Review
90 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2025, worth a combined $185M — up 2.6% from $181M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NIE and 4 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 37 added.
The largest buyer was Saba Capital Management, opening a new position worth an estimated $7.55M. The largest seller was Cornerstone Advisors, cutting an estimated $2.91M.
- 90 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2025, down from 96 in Q3 2025.
- Funds reported $185M of Virtus Equity & Convertible Income Fund stock for Q4 2025, up 2.6% quarter-over-quarter.
- 4 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2025 and 8 closed out, a net change of -4 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2025 was Saba Capital Management, an estimated $7.55M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2025 was Cornerstone Advisors, an estimated $2.91M sold.
Based on aggregated 13F filings for Q4 2025.