Virtus Equity & Convertible Income Fund
NIE
75 hedge funds and large institutions have $135M invested in Virtus Equity & Convertible Income Fund in 2022 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 22 increasing their positions, 26 reducing their positions, and 11 closing their positions.
0.12% more ownership
Funds ownership: 23.47% → 23.59% (+0.12%)
4% less funds holding
Funds holding: 78 → 75 (-3)
15% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 26
18% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 11
23% less capital invested
Capital invested by funds: $177M → $135M (-$41.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$3.4M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$2.61M |
| 3 |
Morgan Stanley
New York
|
+$2.59M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.14M |
| 5 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$1.78M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$5.38M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$4.38M |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.2M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$2.11M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$1.31M |
NIE Hedge Fund Activity: Q2 2022 in Review
75 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q2 2022, worth a combined $135M — down 23% from $177M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NIE and 9 opened new positions — a net loss of 2 holders — while 26 trimmed existing stakes and 22 added.
The largest buyer was Cornerstone Advisors, opening a new position worth an estimated $3.4M. The largest seller was Sit Investment Associates, exiting entirely with an estimated $5.38M sold.
- 75 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q2 2022, down from 78 in Q1 2022.
- Funds reported $135M of Virtus Equity & Convertible Income Fund stock for Q2 2022, down 23% quarter-over-quarter.
- 9 funds opened new Virtus Equity & Convertible Income Fund positions in Q2 2022 and 11 closed out, a net change of -2 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q2 2022 was Cornerstone Advisors, an estimated $3.4M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q2 2022 was Sit Investment Associates, an estimated $5.38M sold.
Based on aggregated 13F filings for Q2 2022.