Virtus Equity & Convertible Income Fund
NIE
82 hedge funds and large institutions have $161M invested in Virtus Equity & Convertible Income Fund in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 24 reducing their positions, and 1 closing their positions.
1,100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 1
15% more funds holding
Funds holding: 71 → 82 (+11)
13% more capital invested
Capital invested by funds: $143M → $161M (+$18.4M)
1.9% more ownership
Funds ownership: 25.95% → 27.85% (+1.9%)
8% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$10.8M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.1M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.2M |
| 4 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
+$1.07M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$602K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.93M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$2.97M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$981K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$564K |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$325K |
NIE Hedge Fund Activity: Q4 2023 in Review
82 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Virtus Equity & Convertible Income Fund (NIE) for Q4 2023, worth a combined $161M — up 13% from $143M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new NIE positions and 1 closed out — a net gain of 11 holders — while 26 added to existing stakes and 24 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $10.8M. The largest seller was Wells Fargo, cutting an estimated $4.93M.
- 82 institutional investors held Virtus Equity & Convertible Income Fund (NIE) as of Q4 2023, up from 71 in Q3 2023.
- Funds reported $161M of Virtus Equity & Convertible Income Fund stock for Q4 2023, up 13% quarter-over-quarter.
- 12 funds opened new Virtus Equity & Convertible Income Fund positions in Q4 2023 and 1 closed out, a net change of +11 holders.
- The largest Virtus Equity & Convertible Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $10.8M added.
- The largest Virtus Equity & Convertible Income Fund seller in Q4 2023 was Wells Fargo, an estimated $4.93M sold.
Based on aggregated 13F filings for Q4 2023.