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NIE

Virtus Equity & Convertible Income Fund
NIE

74 hedge funds and large institutions have $141M invested in Virtus Equity & Convertible Income Fund in 2023 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 6

44% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 16

17% more capital invested

Capital invested by funds: $120M → $141M (+$20.7M)

9% more funds holding

Funds holding: 68 → 74 (+6)

1.74% more ownership

Funds ownership: 22.26% → 24% (+1.7%)

Holders
74
Holders Change
+6
Holders Change %
+8.82%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
23
Reduced
16
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AF
Allworth Financial
California
+$6.37M
2
GC
Guggenheim Capital
Illinois
+$1.14M
3
Bank of America
Bank of America
North Carolina
+$793K
4
Wells Fargo
Wells Fargo
California
+$716K
5
Walleye Capital
Walleye Capital
New York
+$426K

Top Sellers

Rank Fund Capital Flow
1
Allspring Global Investments
Allspring Global Investments
North Carolina
-$1.5M
2
AA
AQR Arbitrage
Connecticut
-$588K
3
First Trust Advisors
First Trust Advisors
Illinois
-$430K
4
CIA
Capital Investment Advisors
Georgia
-$312K
5
Invesco
Invesco
Georgia
-$310K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
51
Janney Montgomery Scott
Pennsylvania
$225K +$214K +10,656 New
DC
52
Davenport & Co
Virginia
$216K – – –
CA
53
Cornerstone Advisors
North Carolina
$203K +$193K +9,612 New
TC
54
Telemus Capital
Michigan
$200K +$190K +9,465 New
NA
55
NewEdge Advisors
Louisiana
$195K +$8.78K +438 +5%
MA
56
Montag & Associates
Georgia
$112K – – –
PNC Financial Services Group
57
PNC Financial Services Group
Pennsylvania
$112K – – –
TFP
58
Tilia Fiduciary Partners
North Carolina
$97.7K – – –
WWM
59
Wolff Wiese Magana
California
$89.8K – – –
Carson Wealth (CWM LLC)
60
Carson Wealth (CWM LLC)
Nebraska
$48K -$2K -100 -4%
Northwestern Mutual Wealth Management
61
Northwestern Mutual Wealth Management
Wisconsin
$47.2K – – –
VWM
62
Venturi Wealth Management
Texas
$37.4K – – –
IGWM
63
ICA Group Wealth Management
Colorado
$31.7K – – –
CWM
64
Cedar Wealth Management
California
$31.7K – – –
TFGT
65
TS Financial Group (TSFG)
Illinois
$16K – – –
WIM
66
Westside Investment Management
California
$7.4K – – –
BFEC
67
Benjamin F. Edwards & Company
Missouri
$6K – – –
FBC
68
Fairfield, Bush & Co
Connecticut
$5.29K +$5.01K +250 New
SFCL
69
Strengthening Families & Communities LLC
Massachusetts
$5K +$120 +6 +3%
VAG
70
VisionPoint Advisory Group
Texas
$4.23K +$4.01K +200 New
GWM
71
Geneos Wealth Management
Colorado
$3.17K – – –
RI
72
Ridgewood Investments
New Jersey
$2.75K – – –
HCM
73
Hollencrest Capital Management
California
$1.4K – – –
EWA
74
EverSource Wealth Advisors
Alabama
$254 – – –
AA
75
AQR Arbitrage
Connecticut
– -$588K -29,925 Closed
1 2
3
4

NIE Hedge Fund Activity: Q2 2023 in Review

74 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2023, worth a combined $141M — up 17% from $120M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NIE positions and 6 closed out — a net gain of 6 holders — while 23 added to existing stakes and 16 trimmed.

The largest buyer was Allworth Financial, opening a new position worth an estimated $6.37M. The largest seller was Allspring Global Investments, cutting an estimated $1.5M.

  • 74 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2023, up from 68 in Q1 2023.
  • Funds reported $141M of Virtus Equity & Convertible Income Fund stock for Q2 2023, up 17% quarter-over-quarter.
  • 12 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2023 and 6 closed out, a net change of +6 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q2 2023 was Allworth Financial, an estimated $6.37M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q2 2023 was Allspring Global Investments, an estimated $1.5M sold.

Based on aggregated 13F filings for Q2 2023.