Virtus Equity & Convertible Income Fund
NIE
78 hedge funds and large institutions have $177M invested in Virtus Equity & Convertible Income Fund in 2022 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 22 reducing their positions, and 21 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 22
1.56% less ownership
Funds ownership: 25.03% → 23.47% (-1.6%)
14% less funds holding
Funds holding: 91 → 78 (-13)
16% less capital invested
Capital invested by funds: $209M → $177M (-$32.6M)
57% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$2.55M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$2.11M |
| 3 |
Morgan Stanley
New York
|
+$1.63M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.41M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$7M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$6.06M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$2.94M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.1M |
| 5 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
-$1.64M |
NIE Hedge Fund Activity: Q1 2022 in Review
78 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q1 2022, worth a combined $177M — down 16% from $209M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of NIE and 9 opened new positions — a net loss of 12 holders — while 22 trimmed existing stakes and 25 added.
The largest buyer was Wells Fargo, adding an estimated $2.55M. The largest seller was Karpus Investment Management, cutting an estimated $7M.
- 78 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q1 2022, down from 91 in Q4 2021.
- Funds reported $177M of Virtus Equity & Convertible Income Fund stock for Q1 2022, down 16% quarter-over-quarter.
- 9 funds opened new Virtus Equity & Convertible Income Fund positions in Q1 2022 and 21 closed out, a net change of -12 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q1 2022 was Wells Fargo, an estimated $2.55M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q1 2022 was Karpus Investment Management, an estimated $7M sold.
Based on aggregated 13F filings for Q1 2022.