Virtus Equity & Convertible Income Fund
NIE
56 hedge funds and large institutions have $131M invested in Virtus Equity & Convertible Income Fund in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 12 increasing their positions, 19 reducing their positions, and 3 closing their positions.
267% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 3
17% more funds holding
Funds holding: 48 → 56 (+8)
0.23% less ownership
Funds ownership: 24.18% → 23.95% (-0.23%)
5% less capital invested
Capital invested by funds: $139M → $131M (-$7.18M)
37% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
+$2.31M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.2M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.3M |
| 4 |
VKH
Virtu KCG Holdings
New York
|
+$834K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$677K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.54M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$2.1M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
-$1.1M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$738K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$645K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CTC
51
Central Trust Company
Jefferson City,
Missouri
| $25K | +$25.2K | +1,250 | New |
|
|
SIA
52
Stancorp Investment Advisers
Portland,
Oregon
| $19K | – | – | – |
|
|
HF
53
Hoxton Financial
Shepherdstown,
West Virginia
| $18K | – | – | – |
|
54
Bank of Montreal
Toronto,
Ontario, Canada
| $15K | – | – | – |
|
55
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $6K | +$5.66K | +280 | New |
|
|
WCM
56
Wealthcare Capital Management
Richmond,
Virginia
| $2K | – | – | – |
|
|
LNB
57
Ledyard National Bank
| – | -$29K | -1,397 | Closed |
|
58
Envestnet Asset Management
Chicago,
Illinois
| – | -$23K | -1,104 | Closed |
|
59
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$1K | -56 | Closed |
|
NIE Hedge Fund Activity: Q1 2015 in Review
56 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2015, worth a combined $131M — down 5.2% from $139M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new NIE positions and 3 closed out — a net gain of 8 holders — while 12 added to existing stakes and 19 trimmed.
The largest buyer was Doliver Advisors, opening a new position worth an estimated $2.31M. The largest seller was Morgan Stanley, cutting an estimated $5.54M.
- 56 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2015, up from 48 in Q4 2014.
- Funds reported $131M of Virtus Equity & Convertible Income Fund stock for Q1 2015, down 5.2% quarter-over-quarter.
- 11 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2015 and 3 closed out, a net change of +8 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q1 2015 was Doliver Advisors, an estimated $2.31M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q1 2015 was Morgan Stanley, an estimated $5.54M sold.
Based on aggregated 13F filings for Q1 2015.