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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AF
Allworth Financial
Folsom,
California
|
+$6.37M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.14M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$793K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$716K |
| 5 |
Walleye Capital
New York
|
+$426K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$1.5M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$588K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$430K |
| 4 |
CIA
Capital Investment Advisors
Atlanta,
Georgia
|
-$312K |
| 5 |
Invesco
Atlanta,
Georgia
|
-$310K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
76
First Trust Advisors
Wheaton,
Illinois
| – | -$430K | -21,884 | Closed |
|
|
CIA
77
Capital Investment Advisors
Atlanta,
Georgia
| – | -$312K | -15,900 | Closed |
|
|
BAM
78
Belpointe Asset Management
Reno,
Nevada
| – | -$133K | -6,765 | Closed |
|
|
EC
79
Elequin Capital
New York
| – | -$41K | -2,085 | Closed |
|
|
PCM
80
Pointe Capital Management
Grosse Pointe Farms,
Michigan
| – | -$28.1K | -1,431 | Closed |
|
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.