Virtus Global Multi-Sector Income Fund
28 hedge funds and large institutions have $37.6M invested in Virtus Global Multi-Sector Income Fund in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
8% more funds holding
Funds holding: 26 → 28 (+2)
5.42% less ownership
Funds ownership: 24.93% → 19.51% (-5.4%)
17% less capital invested
Capital invested by funds: $45.4M → $37.6M (-$7.86M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$929K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$673K |
| 3 |
Morgan Stanley
New York
|
+$366K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$260K |
| 5 |
UR
USCA RIA
Houston,
Texas
|
+$204K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$4.95M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.39M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.04M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$895K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$424K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
26
Penserra Capital Management
Orinda,
California
| $5K | +$436 | +26 | +10% |
|
|
GAM
27
Gemmer Asset Management
Walnut Creek,
California
| $3K | – | – | – |
|
|
KIM
28
Karpus Investment Management
Pittsford,
New York
| – | -$4.95M | -306,029 | Closed |
|
29
LPL Financial
San Diego,
California
| – | -$274K | -16,860 | Closed |
|
30
SEI Investments
Oaks,
Pennsylvania
| – | -$1K | -46 | Closed |
|
31
Citigroup
New York
| – | -$218 | -13 | -31% |
|
VGI Hedge Fund Activity: Q2 2017 in Review
28 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Virtus Global Multi-Sector Income Fund (VGI) for Q2 2017, worth a combined $37.6M — down 17% from $45.4M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new VGI positions and 3 closed out — a net gain of 2 holders — while 12 added to existing stakes and 8 trimmed.
The largest buyer was Baird Financial Group, opening a new position worth an estimated $929K. The largest seller was Karpus Investment Management, exiting entirely with an estimated $4.95M sold.
- 28 institutional investors held Virtus Global Multi-Sector Income Fund (VGI) as of Q2 2017, up from 26 in Q1 2017.
- Funds reported $37.6M of Virtus Global Multi-Sector Income Fund stock for Q2 2017, down 17% quarter-over-quarter.
- 5 funds opened new Virtus Global Multi-Sector Income Fund positions in Q2 2017 and 3 closed out, a net change of +2 holders.
- The largest Virtus Global Multi-Sector Income Fund buyer in Q2 2017 was Baird Financial Group, an estimated $929K added.
- The largest Virtus Global Multi-Sector Income Fund seller in Q2 2017 was Karpus Investment Management, an estimated $4.95M sold.
Based on aggregated 13F filings for Q2 2017.