Virtus Equity & Convertible Income Fund
NIE
72 hedge funds and large institutions have $190M invested in Virtus Equity & Convertible Income Fund in 2020 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 22 increasing their positions, 20 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
24% more capital invested
Capital invested by funds: $154M → $190M (+$36.2M)
14% more funds holding
Funds holding: 63 → 72 (+9)
10% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 20
1.39% more ownership
Funds ownership: 22.85% → 24.24% (+1.4%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$4.81M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.64M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.3M |
| 4 |
ACM
Anfield Capital Management
Irvine,
California
|
+$1.66M |
| 5 |
Morgan Stanley
New York
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.48M |
| 2 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$1.46M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.21M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$592K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$519K |
NIE Hedge Fund Activity: Q4 2020 in Review
72 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2020, worth a combined $190M — up 24% from $154M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NIE positions and 6 closed out — a net gain of 9 holders — while 22 added to existing stakes and 20 trimmed.
The largest buyer was Wells Fargo, adding an estimated $4.81M. The largest seller was Advisors Asset Management, cutting an estimated $2.48M.
- 72 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2020, up from 63 in Q3 2020.
- Funds reported $190M of Virtus Equity & Convertible Income Fund stock for Q4 2020, up 24% quarter-over-quarter.
- 15 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2020 and 6 closed out, a net change of +9 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2020 was Wells Fargo, an estimated $4.81M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2020 was Advisors Asset Management, an estimated $2.48M sold.
Based on aggregated 13F filings for Q4 2020.