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NIE

Virtus Equity & Convertible Income Fund
NIE

82 hedge funds and large institutions have $161M invested in Virtus Equity & Convertible Income Fund in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,100% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 1

15% more funds holding

Funds holding: 71 → 82 (+11)

13% more capital invested

Capital invested by funds: $143M → $161M (+$18.4M)

1.9% more ownership

Funds ownership: 25.95% → 27.85% (+1.9%)

8% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 24

Holders
82
Holders Change
+11
Holders Change %
+15.49%
% of All Funds
1.2%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
26
Reduced
24
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$10.8M
2
AAM
Advisors Asset Management
Colorado
+$2.1M
3
LCM
Landscape Capital Management
New Jersey
+$1.2M
4
CA
Cornerstone Advisors
North Carolina
+$1.07M
5
GC
Guggenheim Capital
Illinois
+$602K

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$4.93M
2
Bank of America
Bank of America
North Carolina
-$2.97M
3
Osaic Holdings
Osaic Holdings
Arizona
-$981K
4
Commonwealth Equity Services
Commonwealth Equity Services
Massachusetts
-$564K
5
ASN
Advisory Services Network
Georgia
-$325K
Name Holding Trade Value Shares
Change 		Change in
Stake
BFEC
76
Benjamin F. Edwards & Company
Missouri
$6K – – –
SFCL
77
Strengthening Families & Communities LLC
Massachusetts
$5.25K +$122 +6 +2%
FBC
78
Fairfield, Bush & Co
Connecticut
$5.23K +$5.07K +250 New
VAG
79
VisionPoint Advisory Group
Texas
$4.18K – – –
GWM
80
Geneos Wealth Management
Colorado
$3.14K – – –
PS
81
Principal Securities
Iowa
$2.13K +$2.07K +102 New
HCM
82
Hollencrest Capital Management
California
$1.38K – – –
EC
83
Elequin Capital
New York
– -$27.2K -1,366 Closed
1 2 3
4

NIE Hedge Fund Activity: Q4 2023 in Review

82 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2023, worth a combined $161M — up 13% from $143M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NIE positions and 1 closed out — a net gain of 11 holders — while 26 added to existing stakes and 24 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $10.8M. The largest seller was Wells Fargo, cutting an estimated $4.93M.

  • 82 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2023, up from 71 in Q3 2023.
  • Funds reported $161M of Virtus Equity & Convertible Income Fund stock for Q4 2023, up 13% quarter-over-quarter.
  • 12 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2023 and 1 closed out, a net change of +11 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $10.8M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q4 2023 was Wells Fargo, an estimated $4.93M sold.

Based on aggregated 13F filings for Q4 2023.