Virtus Global Multi-Sector Income Fund
27 hedge funds and large institutions have $59M invested in Virtus Global Multi-Sector Income Fund in 2016 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 4 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
11% more capital invested
Capital invested by funds: $53.2M → $59M (+$5.88M)
5.48% more ownership
Funds ownership: 29.98% → 35.47% (+5.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 29 → 27 (-2)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$5.34M |
| 2 |
CWA
Cypress Wealth Advisors
San Francisco,
California
|
+$5.03M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.18M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.41M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$855K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.35M |
| 2 |
LCM
Laurion Capital Management
New York
|
-$1.56M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.33M |
| 4 |
Morgan Stanley
New York
|
-$317K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$263K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| $1K | -$15 | -1 | -1% |
|
27
SEI Investments
Oaks,
Pennsylvania
| $1K | – | – | – |
|
|
28
Stifel Financial
St. Louis,
Missouri
| – | -$263K | -16,638 | Closed |
|
|
RCM
29
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$238K | -15,000 | Closed |
|
|
NFG
30
Next Financial Group
Houston,
Texas
| – | -$48K | -3,000 | Closed |
|
|
FNBT
31
FineMark National Bank & Trust
Fort Myers,
Florida
| – | -$40K | -2,500 | Closed |
|
VGI Hedge Fund Activity: Q4 2016 in Review
27 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Virtus Global Multi-Sector Income Fund (VGI) for Q4 2016, worth a combined $59M — up 11% from $53.2M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of VGI and 2 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Karpus Investment Management, adding an estimated $5.34M. The largest seller was Advisors Asset Management, cutting an estimated $2.35M.
- 27 institutional investors held Virtus Global Multi-Sector Income Fund (VGI) as of Q4 2016, down from 29 in Q3 2016.
- Funds reported $59M of Virtus Global Multi-Sector Income Fund stock for Q4 2016, up 11% quarter-over-quarter.
- 2 funds opened new Virtus Global Multi-Sector Income Fund positions in Q4 2016 and 4 closed out, a net change of -2 holders.
- The largest Virtus Global Multi-Sector Income Fund buyer in Q4 2016 was Karpus Investment Management, an estimated $5.34M added.
- The largest Virtus Global Multi-Sector Income Fund seller in Q4 2016 was Advisors Asset Management, an estimated $2.35M sold.
Based on aggregated 13F filings for Q4 2016.