Virtus Equity & Convertible Income Fund
NIE
52 hedge funds and large institutions have $120M invested in Virtus Equity & Convertible Income Fund in 2015 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 15 increasing their positions, 18 reducing their positions, and 8 closing their positions.
1.43% less ownership
Funds ownership: 23.95% → 22.52% (-1.4%)
7% less funds holding
Funds holding: 56 → 52 (-4)
8% less capital invested
Capital invested by funds: $131M → $120M (-$11.1M)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
17% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 18
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.23M |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$634K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$459K |
| 4 |
Goldman Sachs
New York
|
+$408K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$353K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$3.33M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.18M |
| 3 |
SG Americas Securities
New York
|
-$998K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$755K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$664K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCM
51
Wealthcare Capital Management
Richmond,
Virginia
| $2K | – | – | – |
|
|
TRCT
52
Tower Research Capital (TRC)
New York
| $2K | +$2.59K | +129 | New |
|
|
SFS
53
Shaker Financial Services
Arlington,
Virginia
| – | -$664K | -33,518 | Closed |
|
|
TC
54
Telemus Capital
Southfield,
Michigan
| – | -$658K | -33,216 | Closed |
|
|
CA
55
Cornerstone Advisors
Asheville,
North Carolina
| – | -$630K | -31,812 | Closed |
|
|
CRC
56
Curi RMB Capital
Chicago,
Illinois
| – | -$592K | -29,879 | Closed |
|
|
RJFSA
57
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$442K | -22,290 | Closed |
|
58
BNP Paribas Financial Markets
Paris,
France
| – | -$158K | -7,986 | Closed |
|
|
IWMPD
59
Integrated Wealth Management (Palm Desert)
Palm Desert,
California
| – | -$72K | -3,650 | Closed |
|
60
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$6K | -280 | Closed |
|
NIE Hedge Fund Activity: Q2 2015 in Review
52 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2015, worth a combined $120M — down 8.4% from $131M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NIE and 7 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 15 added.
The largest buyer was Parametric Portfolio Associates, adding an estimated $1.23M. The largest seller was Advisors Asset Management, cutting an estimated $3.33M.
- 52 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2015, down from 56 in Q1 2015.
- Funds reported $120M of Virtus Equity & Convertible Income Fund stock for Q2 2015, down 8.4% quarter-over-quarter.
- 7 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2015 and 8 closed out, a net change of -1 holder.
- The largest Virtus Equity & Convertible Income Fund buyer in Q2 2015 was Parametric Portfolio Associates, an estimated $1.23M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q2 2015 was Advisors Asset Management, an estimated $3.33M sold.
Based on aggregated 13F filings for Q2 2015.