Virtus Equity & Convertible Income Fund
NIE
52 hedge funds and large institutions have $123M invested in Virtus Equity & Convertible Income Fund in 2014 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 5 closing their positions.
220% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 5
100% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 11
33% more capital invested
Capital invested by funds: $92.2M → $123M (+$30.3M)
27% more funds holding
Funds holding: 41 → 52 (+11)
1.54% more ownership
Funds ownership: 21.19% → 22.73% (+1.5%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$18.6M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$6.05M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.4M |
| 4 |
U
UBS
Zurich,
Switzerland
|
+$2.65M |
| 5 |
Morgan Stanley
New York
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$3.56M |
| 2 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$2.84M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$1.67M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
-$1.53M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.09M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Creative Planning
Overland Park,
Kansas
| $3K | +$2.58K | +134 | New |
|
|
WCM
52
Wealthcare Capital Management
Richmond,
Virginia
| $2K | +$2.21K | +115 | New |
|
|
WAM
53
Wolverine Asset Management
Chicago,
Illinois
| – | -$3.56M | -182,396 | Closed |
|
|
GFM
54
Gramercy Funds Management
Greenwich,
Connecticut
| – | -$2.84M | -145,417 | Closed |
|
|
VKH
55
Virtu KCG Holdings
New York
| – | -$1.53M | -78,265 | Closed |
|
|
DA
56
Doliver Advisors
Houston,
Texas
| – | -$1.09M | -55,812 | Closed |
|
|
VAM
57
Visium Asset Management
New York
| – | -$426K | -21,794 | Closed |
|
NIE Hedge Fund Activity: Q1 2014 in Review
52 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2014, worth a combined $123M — up 33% from $92.2M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new NIE positions and 5 closed out — a net gain of 11 holders — while 22 added to existing stakes and 11 trimmed.
The largest buyer was Advisors Asset Management, adding an estimated $18.6M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $3.56M sold.
- 52 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2014, up from 41 in Q4 2013.
- Funds reported $123M of Virtus Equity & Convertible Income Fund stock for Q1 2014, up 33% quarter-over-quarter.
- 16 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2014 and 5 closed out, a net change of +11 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q1 2014 was Advisors Asset Management, an estimated $18.6M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q1 2014 was Wolverine Asset Management, an estimated $3.56M sold.
Based on aggregated 13F filings for Q1 2014.