Virtus Equity & Convertible Income Fund
NIE
48 hedge funds and large institutions have $139M invested in Virtus Equity & Convertible Income Fund in 2014 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 19 reducing their positions, and 6 closing their positions.
2% less capital invested
Capital invested by funds: $141M → $139M (-$2.28M)
1.4% less ownership
Funds ownership: 25.58% → 24.18% (-1.4%)
6% less funds holding
Funds holding: 51 → 48 (-3)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
26% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.68M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$915K |
| 3 |
OC
Oppenheimer & Co
New York
|
+$360K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$283K |
| 5 |
CA
Cetera Advisors
Denver,
Colorado
|
+$266K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.79M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.72M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.53M |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.41M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.04M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
51
Hollencrest Capital Management
Newport Beach,
California
| – | -$256K | -12,888 | Closed |
|
52
Creative Planning
Overland Park,
Kansas
| – | -$65K | -3,267 | Closed |
|
53
US Bancorp
Minneapolis,
Minnesota
| – | -$27K | -1,345 | Closed |
|
|
MPWT
54
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$576 | -29 | Closed |
|
NIE Hedge Fund Activity: Q4 2014 in Review
48 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2014, worth a combined $139M — down 1.6% from $141M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NIE and 5 opened new positions — a net loss of 1 holder — while 19 trimmed existing stakes and 14 added.
The largest buyer was Advisors Asset Management, adding an estimated $2.68M. The largest seller was Morgan Stanley, cutting an estimated $1.79M.
- 48 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2014, down from 51 in Q3 2014.
- Funds reported $139M of Virtus Equity & Convertible Income Fund stock for Q4 2014, down 1.6% quarter-over-quarter.
- 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2014 and 6 closed out, a net change of -1 holder.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2014 was Advisors Asset Management, an estimated $2.68M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2014 was Morgan Stanley, an estimated $1.79M sold.
Based on aggregated 13F filings for Q4 2014.