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NIE

Virtus Equity & Convertible Income Fund

52 hedge funds and large institutions have $123M invested in Virtus Equity & Convertible Income Fund in 2014 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 22 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

220% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 5

100% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 11

33% more capital invested

Capital invested by funds: $92.2M → $123M (+$30.3M)

27% more funds holding

Funds holding: 4152 (+11)

1.54% more ownership

Funds ownership: 21.19%22.73% (+1.5%)

Holders
52
Holders Change
+11
Holders Change %
+26.83%
% of All Funds
1.5%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
16
Increased
22
Reduced
11
Closed
5
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AAM
1
Advisors Asset Management
Colorado
$29M +$18.6M +964,344 +184%
RCM
2
Rivernorth Capital Management
Florida
$12.2M +$3.4M +176,409 +39%
Morgan Stanley
3
Morgan Stanley
New York
$11.7M +$1.93M +99,943 +20%
Wells Fargo
4
Wells Fargo
California
$11.4M -$1.67M -86,837 -13%
GC
5
Guggenheim Capital
Illinois
$9.89M +$1.85M +96,006 +23%
Invesco
6
Invesco
Georgia
$7.43M +$619K +32,125 +9%
KIM
7
Karpus Investment Management
New York
$6.11M +$6.05M +313,872 New
RVP
8
Relative Value Partners
Illinois
$4.57M -$124K -6,442 -3%
U
9
UBS
Switzerland
$3.51M +$2.65M +137,815 +324%
LPL Financial
10
LPL Financial
California
$2.24M +$400K +20,769 +22%
CAN
11
Cetera Advisor Networks
California
$2.16M +$312K +16,181 +17%
Royal Bank of Canada
12
Royal Bank of Canada
Ontario, Canada
$2.1M +$468K +24,289 +29%
BNP Paribas Financial Markets
13
BNP Paribas Financial Markets
France
$1.92M +$1.87M +96,810 New
OC
14
Oppenheimer & Co
New York
$1.7M +$60.1K +3,119 +4%
Bank of America
15
Bank of America
North Carolina
$1.51M +$243K +12,591 +19%
SG Americas Securities
16
SG Americas Securities
New York
$1.47M -$598K -31,039 -29%
CA
17
Cornerstone Advisors
North Carolina
$1.38M -$30.7K -1,594 -2%
GEM
18
Global Endowment Management
North Carolina
$1.26M +$25.5K +1,322 +2%
RJA
19
Raymond James & Associates
Florida
$1.22M -$11.2K -580 -0.9%
SFS
20
Shaker Financial Services
Virginia
$1.19M +$1.18M +61,383 New
RCM
21
Robinson Capital Management
Michigan
$1.18M -$171K -8,859 -13%
TJHA
22
Thomas J. Herzfeld Advisors
Florida
$1.05M +$518K +26,899 +100%
RIL
23
Rothschild Investment LLC
Illinois
$764K +$116K +6,046 +18%
1CP
24
1607 Capital Partners
Virginia
$597K +$591K +30,700 New
RJFSA
25
Raymond James Financial Services Advisors
Florida
$553K +$231K +11,979 +73%

NIE Hedge Fund Activity: Q1 2014 in Review

52 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2014, worth a combined $123M — up 33% from $92.2M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new NIE positions and 5 closed out — a net gain of 11 holders — while 22 added to existing stakes and 11 trimmed.

The largest buyer was Advisors Asset Management, adding an estimated $18.6M. The largest seller was Wolverine Asset Management, exiting entirely with an estimated $3.56M sold.

  • 52 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2014, up from 41 in Q4 2013.
  • Funds reported $123M of Virtus Equity & Convertible Income Fund stock for Q1 2014, up 33% quarter-over-quarter.
  • 16 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2014 and 5 closed out, a net change of +11 holders.
  • The largest Virtus Equity & Convertible Income Fund buyer in Q1 2014 was Advisors Asset Management, an estimated $18.6M added.
  • The largest Virtus Equity & Convertible Income Fund seller in Q1 2014 was Wolverine Asset Management, an estimated $3.56M sold.

Based on aggregated 13F filings for Q1 2014.