Virtus Equity & Convertible Income Fund
NIE
39 hedge funds and large institutions have $80M invested in Virtus Equity & Convertible Income Fund in 2013 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 21 increasing their positions, 9 reducing their positions, and 3 closing their positions.
133% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 9
5% more capital invested
Capital invested by funds: $76.2M → $80M (+$3.74M)
0.66% more ownership
Funds ownership: 18.65% → 19.31% (+0.66%)
0% more funds holding
Funds holding: 39 → 39 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.72M |
| 2 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$1.18M |
| 3 |
Morgan Stanley
New York
|
+$741K |
| 4 |
OC
Oppenheimer & Co
New York
|
+$724K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$578K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$1.84M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$1.78M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$799K |
| 4 |
CPA
Cowen Prime Advisors
New York
|
-$293K |
| 5 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
-$202K |
NIE Hedge Fund Activity: Q3 2013 in Review
39 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q3 2013, worth a combined $80M — up 4.9% from $76.2M a quarter earlier.
Fund positioning in NIE was balanced in Q3 2013: 3 funds opened new positions, 3 closed out, 21 added to existing stakes and 9 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $1.72M. The largest seller was Gramercy Funds Management, cutting an estimated $1.84M.
- 39 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q3 2013, unchanged from Q2 2013.
- Funds reported $80M of Virtus Equity & Convertible Income Fund stock for Q3 2013, up 4.9% quarter-over-quarter.
- 3 funds opened new Virtus Equity & Convertible Income Fund positions in Q3 2013 and 3 closed out, a net change of 0 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q3 2013 was Wolverine Asset Management, an estimated $1.72M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q3 2013 was Gramercy Funds Management, an estimated $1.84M sold.
Based on aggregated 13F filings for Q3 2013.