Virtus Equity & Convertible Income Fund
NIE
51 hedge funds and large institutions have $142M invested in Virtus Equity & Convertible Income Fund in 2014 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 24 increasing their positions, 10 reducing their positions, and 5 closing their positions.
140% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 10
16% more capital invested
Capital invested by funds: $123M → $142M (+$19M)
2.58% more ownership
Funds ownership: 22.73% → 25.3% (+2.6%)
2% less funds holding
Funds holding: 52 → 51 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.88M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.66M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.16M |
| 4 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.87M |
| 5 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$1.61M |
| 2 |
LPL Financial
San Diego,
California
|
-$387K |
| 3 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$302K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$270K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$236K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCM
51
Wealthcare Capital Management
Richmond,
Virginia
| $2K | – | – | – |
|
|
FAAS
52
First Allied Advisory Services
San Diego,
California
| – | -$302K | -15,580 | Closed |
|
|
53
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$270K | -13,860 | Closed |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| – | -$14K | -707 | Closed |
|
|
CCS
55
Crosspoint Capital Strategies
Orinda,
California
| – | -$13K | -646 | Closed |
|
56
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$12K | -600 | Closed |
|
NIE Hedge Fund Activity: Q2 2014 in Review
51 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2014, worth a combined $142M — up 16% from $123M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of NIE and 4 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 24 added.
The largest buyer was Karpus Investment Management, adding an estimated $2.88M. The largest seller was Wells Fargo, cutting an estimated $1.61M.
- 51 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2014, down from 52 in Q1 2014.
- Funds reported $142M of Virtus Equity & Convertible Income Fund stock for Q2 2014, up 16% quarter-over-quarter.
- 4 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2014 and 5 closed out, a net change of -1 holder.
- The largest Virtus Equity & Convertible Income Fund buyer in Q2 2014 was Karpus Investment Management, an estimated $2.88M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q2 2014 was Wells Fargo, an estimated $1.61M sold.
Based on aggregated 13F filings for Q2 2014.