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NIE

Virtus Equity & Convertible Income Fund
NIE

59 hedge funds and large institutions have $114M invested in Virtus Equity & Convertible Income Fund in 2019 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 23 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

35% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 17

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.42% less ownership

Funds ownership: 19.48% → 19.06% (-0.42%)

3% less capital invested

Capital invested by funds: $117M → $114M (-$2.98M)

5% less funds holding

Funds holding: 62 → 59 (-3)

50% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 6

Holders
59
Holders Change
-3
Holders Change %
-4.84%
% of All Funds
1.29%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
3
Increased
23
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$441K
2
SFS
Shaker Financial Services
Virginia
+$368K
3
Stifel Financial
Stifel Financial
Missouri
+$218K
4
WS
Wedbush Securities
California
+$212K
5
GLLW
Graves Light Lenhart Wealth
Virginia
+$206K

Top Sellers

Rank Fund Capital Flow
1
AAM
Advisors Asset Management
Colorado
-$1.3M
2
GC
Guggenheim Capital
Illinois
-$1.2M
3
LCM
Landscape Capital Management
New Jersey
-$384K
4
KIM
Karpus Investment Management
New York
-$303K
5
CRC
Curi RMB Capital
Illinois
-$303K
Name Holding Trade Value Shares
Change 		Change in
Stake
EWM
51
Edge Wealth Management
New York
$22K – – –
HPC
52
HM Payson & Co
Maine
$16K – – –
TFGT
53
TS Financial Group (TSFG)
Illinois
$16K – – –
BWA
54
BDO Wealth Advisors
Florida
$9K – – –
FHA
55
Flagship Harbor Advisors
Massachusetts
$9K – – –
US Bancorp
56
US Bancorp
Minnesota
$2K – – –
WCM
57
Wealthcare Capital Management
Virginia
$2K – – –
SFS
58
Sowell Financial Services
Arkansas
$2K +$1.79K +82 New
Fidelity Investments
59
Fidelity Investments
Massachusetts
$1K +$610 +28 +2,800%
LCM
60
Landscape Capital Management
New Jersey
– -$384K -17,686 Closed
CRC
61
Curi RMB Capital
Illinois
– -$303K -13,943 Closed
PCM
62
Pointe Capital Management
Michigan
– -$247K -11,408 Closed
Millennium Management
63
Millennium Management
New York
– -$214K -9,906 Closed
IFA
64
Interactive Financial Advisors
Illinois
– -$15K -700 Closed
TPWA
65
TRUE Private Wealth Advisors
Oregon
– -$14K -679 Closed
1 2
3

NIE Hedge Fund Activity: Q3 2019 in Review

59 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2019, worth a combined $114M — down 2.5% from $117M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of NIE and 3 opened new positions — a net loss of 3 holders — while 17 trimmed existing stakes and 23 added.

The largest buyer was Morgan Stanley, adding an estimated $441K. The largest seller was Advisors Asset Management, cutting an estimated $1.3M.

  • 59 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2019, down from 62 in Q2 2019.
  • Funds reported $114M of Virtus Equity & Convertible Income Fund stock for Q3 2019, down 2.5% quarter-over-quarter.
  • 3 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2019 and 6 closed out, a net change of -3 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q3 2019 was Morgan Stanley, an estimated $441K added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q3 2019 was Advisors Asset Management, an estimated $1.3M sold.

Based on aggregated 13F filings for Q3 2019.