Virtus Equity & Convertible Income Fund
NIE
41 hedge funds and large institutions have $92.2M invested in Virtus Equity & Convertible Income Fund in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
15% more capital invested
Capital invested by funds: $80M → $92.2M (+$12.2M)
5% more funds holding
Funds holding: 39 → 41 (+2)
1.87% more ownership
Funds ownership: 19.31% → 21.19% (+1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$1.82M |
| 2 |
VKH
Virtu KCG Holdings
New York
|
+$1.5M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.3M |
| 4 |
Morgan Stanley
New York
|
+$906K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$625K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GFM
Gramercy Funds Management
Greenwich,
Connecticut
|
-$863K |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$382K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$253K |
| 4 |
FAAS
First Allied Advisory Services
San Diego,
California
|
-$239K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$234K |
NIE Hedge Fund Activity: Q4 2013 in Review
41 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2013, worth a combined $92.2M — up 15% from $80M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new NIE positions and 3 closed out — a net gain of 3 holders — while 16 added to existing stakes and 11 trimmed.
The largest buyer was Cetera Advisor Networks, opening a new position worth an estimated $1.82M. The largest seller was Gramercy Funds Management, cutting an estimated $863K.
- 41 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2013, up from 39 in Q3 2013.
- Funds reported $92.2M of Virtus Equity & Convertible Income Fund stock for Q4 2013, up 15% quarter-over-quarter.
- 6 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2013 and 3 closed out, a net change of +3 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2013 was Cetera Advisor Networks, an estimated $1.82M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2013 was Gramercy Funds Management, an estimated $863K sold.
Based on aggregated 13F filings for Q4 2013.