Virtus Equity & Convertible Income Fund
NIE
53 hedge funds and large institutions have $118M invested in Virtus Equity & Convertible Income Fund in 2016 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 15 increasing their positions, 21 reducing their positions, and 13 closing their positions.
0.98% less ownership
Funds ownership: 24.48% → 23.5% (-0.98%)
3% less capital invested
Capital invested by funds: $122M → $118M (-$3.42M)
13% less funds holding
Funds holding: 61 → 53 (-8)
29% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 21
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$4.35M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.78M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$2.65M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$489K |
| 5 |
TC
Telemus Capital
Southfield,
Michigan
|
+$471K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$4.67M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.98M |
| 3 |
RVPG
Relative Value Partners Group
|
-$1.65M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$995K |
| 5 |
SG Americas Securities
New York
|
-$807K |
NIE Hedge Fund Activity: Q1 2016 in Review
53 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2016, worth a combined $118M — down 2.8% from $122M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NIE and 5 opened new positions — a net loss of 8 holders — while 21 trimmed existing stakes and 15 added.
The largest buyer was Morgan Stanley, adding an estimated $4.35M. The largest seller was Advisors Asset Management, cutting an estimated $4.67M.
- 53 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2016, down from 61 in Q4 2015.
- Funds reported $118M of Virtus Equity & Convertible Income Fund stock for Q1 2016, down 2.8% quarter-over-quarter.
- 5 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2016 and 13 closed out, a net change of -8 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q1 2016 was Morgan Stanley, an estimated $4.35M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q1 2016 was Advisors Asset Management, an estimated $4.67M sold.
Based on aggregated 13F filings for Q1 2016.