Virtus Global Multi-Sector Income Fund
29 hedge funds and large institutions have $53.2M invested in Virtus Global Multi-Sector Income Fund in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 9 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
12% more funds holding
Funds holding: 26 → 29 (+3)
11% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 9
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $54.1M → $53.2M (-$911K)
1.88% less ownership
Funds ownership: 31.87% → 29.98% (-1.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
+$1.77M |
| 2 |
Morgan Stanley
New York
|
+$1.28M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$330K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$328K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$297K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.16M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.96M |
| 3 |
SCM
Saba Capital Management
New York
|
-$1.57M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.49M |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$551K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WEC
26
Winslow Evans & Crocker
Boston,
Massachusetts
| $21.1K | +$20.8K | +1,326 | New |
|
|
PCM
27
Penserra Capital Management
Orinda,
California
| $2K | +$2.52K | +160 | New |
|
28
Citigroup
New York
| $1K | -$16 | -1 | -1% |
|
29
SEI Investments
Oaks,
Pennsylvania
| $1K | +$723 | +46 | New |
|
30
CIBC Private Wealth Group
Atlanta,
Georgia
| – | -$273K | -18,000 | Closed |
|
|
USGIU
31
U.S. Global Investors (USGI)
San Antonio,
Texas
| – | -$69K | -4,372 | Closed |
|
|
BKA
32
Brick & Kyle Associates
Newtown,
Pennsylvania
| – | -$18K | -1,179 | Closed |
|
33
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$11K | -698 | Closed |
|
|
MFS
34
MSI Financial Services
Springfield,
Massachusetts
| – | -$2K | -155 | Closed |
|
VGI Hedge Fund Activity: Q3 2016 in Review
29 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Virtus Global Multi-Sector Income Fund (VGI) for Q3 2016, worth a combined $53.2M — down 1.7% from $54.1M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new VGI positions and 5 closed out — a net gain of 3 holders — while 10 added to existing stakes and 9 trimmed.
The largest buyer was Laurion Capital Management, opening a new position worth an estimated $1.77M. The largest seller was Rivernorth Capital Management, cutting an estimated $2.16M.
- 29 institutional investors held Virtus Global Multi-Sector Income Fund (VGI) as of Q3 2016, up from 26 in Q2 2016.
- Funds reported $53.2M of Virtus Global Multi-Sector Income Fund stock for Q3 2016, down 1.7% quarter-over-quarter.
- 8 funds opened new Virtus Global Multi-Sector Income Fund positions in Q3 2016 and 5 closed out, a net change of +3 holders.
- The largest Virtus Global Multi-Sector Income Fund buyer in Q3 2016 was Laurion Capital Management, an estimated $1.77M added.
- The largest Virtus Global Multi-Sector Income Fund seller in Q3 2016 was Rivernorth Capital Management, an estimated $2.16M sold.
Based on aggregated 13F filings for Q3 2016.