Virtus Global Multi-Sector Income Fund
31 hedge funds and large institutions have $50.2M invested in Virtus Global Multi-Sector Income Fund in 2016 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 5 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
19% more capital invested
Capital invested by funds: $42.3M → $50.2M (+$7.99M)
7% more funds holding
Funds holding: 29 → 31 (+2)
4.96% more ownership
Funds ownership: 26.58% → 31.54% (+5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.16M |
| 2 |
SCM
Saba Capital Management
New York
|
+$2.09M |
| 3 |
LCM
Laurion Capital Management
New York
|
+$1.79M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.33M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$610K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VKH
Virtu KCG Holdings
New York
|
-$814K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$422K |
| 3 |
Morgan Stanley
New York
|
-$392K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$284K |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$281K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Envestnet Asset Management
Chicago,
Illinois
| $54K | +$50.1K | +3,776 | New |
|
|
FNBT
27
FineMark National Bank & Trust
Fort Myers,
Florida
| $35K | – | – | – |
|
|
BKA
28
Brick & Kyle Associates
Newtown,
Pennsylvania
| $17K | +$15.7K | +1,179 | New |
|
|
AIG
29
American International Group
New York
| $16K | – | – | – |
|
30
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $10K | +$305 | +23 | +4% |
|
|
MFS
31
MSI Financial Services
Springfield,
Massachusetts
| $2K | – | – | – |
|
|
VKH
32
Virtu KCG Holdings
New York
| – | -$814K | -57,573 | Closed |
|
|
BFM
33
Boothbay Fund Management
New York
| – | -$281K | -19,912 | Closed |
|
34
Squarepoint
New York
| – | -$250K | -17,700 | Closed |
|
|
WAM
35
Weiss Asset Management
Boston,
Massachusetts
| – | -$207K | -14,671 | Closed |
|
|
CRC
36
Curi RMB Capital
Chicago,
Illinois
| – | -$194K | -13,738 | Closed |
|
VGI Hedge Fund Activity: Q1 2016 in Review
31 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Virtus Global Multi-Sector Income Fund (VGI) for Q1 2016, worth a combined $50.2M — up 19% from $42.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new VGI positions and 5 closed out — a net gain of 2 holders — while 12 added to existing stakes and 8 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $3.16M. The largest seller was Virtu KCG Holdings, exiting entirely with an estimated $814K sold.
- 31 institutional investors held Virtus Global Multi-Sector Income Fund (VGI) as of Q1 2016, up from 29 in Q4 2015.
- Funds reported $50.2M of Virtus Global Multi-Sector Income Fund stock for Q1 2016, up 19% quarter-over-quarter.
- 7 funds opened new Virtus Global Multi-Sector Income Fund positions in Q1 2016 and 5 closed out, a net change of +2 holders.
- The largest Virtus Global Multi-Sector Income Fund buyer in Q1 2016 was Sit Investment Associates, an estimated $3.16M added.
- The largest Virtus Global Multi-Sector Income Fund seller in Q1 2016 was Virtu KCG Holdings, an estimated $814K sold.
Based on aggregated 13F filings for Q1 2016.