Virtus Global Multi-Sector Income Fund
26 hedge funds and large institutions have $45.4M invested in Virtus Global Multi-Sector Income Fund in 2017 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 6 closing their positions.
4% less funds holding
Funds holding: 27 → 26 (-1)
10.54% less ownership
Funds ownership: 35.47% → 24.93% (-11%)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
23% less capital invested
Capital invested by funds: $59M → $45.4M (-$13.6M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$620K |
| 2 |
UR
USCA RIA
Houston,
Texas
|
+$389K |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$377K |
| 4 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$189K |
| 5 |
OC
Oppenheimer & Co
New York
|
+$162K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.64M |
| 2 |
CWA
Cypress Wealth Advisors
San Francisco,
California
|
-$3.98M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.84M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.87M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
SEI Investments
Oaks,
Pennsylvania
| $1K | – | – | – |
|
|
CWA
27
Cypress Wealth Advisors
San Francisco,
California
| – | -$3.98M | -401,492 | Closed |
|
|
RCM
28
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$3.84M | -250,676 | Closed |
|
|
SFS
29
Shaker Financial Services
Arlington,
Virginia
| – | -$1.87M | -122,157 | Closed |
|
|
SCM
30
Saba Capital Management
New York
| – | -$510K | -33,247 | Closed |
|
|
LCM
31
Laurion Capital Management
New York
| – | -$156K | -10,179 | Closed |
|
|
TRCT
32
Tower Research Capital (TRC)
New York
| – | -$3K | -200 | Closed |
|
VGI Hedge Fund Activity: Q1 2017 in Review
26 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Virtus Global Multi-Sector Income Fund (VGI) for Q1 2017, worth a combined $45.4M — down 23% from $59M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of VGI and 5 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 8 added.
The largest buyer was Bank of America, adding an estimated $620K. The largest seller was Karpus Investment Management, cutting an estimated $5.64M.
- 26 institutional investors held Virtus Global Multi-Sector Income Fund (VGI) as of Q1 2017, down from 27 in Q4 2016.
- Funds reported $45.4M of Virtus Global Multi-Sector Income Fund stock for Q1 2017, down 23% quarter-over-quarter.
- 5 funds opened new Virtus Global Multi-Sector Income Fund positions in Q1 2017 and 6 closed out, a net change of -1 holder.
- The largest Virtus Global Multi-Sector Income Fund buyer in Q1 2017 was Bank of America, an estimated $620K added.
- The largest Virtus Global Multi-Sector Income Fund seller in Q1 2017 was Karpus Investment Management, an estimated $5.64M sold.
Based on aggregated 13F filings for Q1 2017.