Virtus Total Return Fund
ZTR
44 hedge funds and large institutions have $76.7M invested in Virtus Total Return Fund in 2016 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 28 reducing their positions, and 10 closing their positions.
6% less funds holding
Funds holding: 47 → 44 (-3)
14.93% less ownership
Funds ownership: 35.02% → 20.09% (-15%)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
44% less capital invested
Capital invested by funds: $138M → $76.7M (-$61.1M)
82% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 28
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DA
Doliver Advisors
Houston,
Texas
|
+$1.27M |
| 2 |
BC
Brinker Capital
Berwyn,
Pennsylvania
|
+$576K |
| 3 |
MWM
Merriman Wealth Management
Seattle,
Washington
|
+$338K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$291K |
| 5 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$270K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$13.7M |
| 2 |
RVPG
Relative Value Partners Group
|
-$12.4M |
| 3 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$10.2M |
| 4 |
Morgan Stanley
New York
|
-$5.57M |
| 5 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$4.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
51
American International Group
New York
| – | -$17K | -1,434 | Closed |
|
52
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$4K | -355 | Closed |
|
|
AWMS
53
Advocacy Wealth Management Services
Atlanta,
Georgia
| – | -$4K | -312 | Closed |
|
|
CTC
54
Central Trust Company
Jefferson City,
Missouri
| – | +$712 | +59 | New |
|
ZTR Hedge Fund Activity: Q2 2016 in Review
44 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Virtus Total Return Fund (ZTR) for Q2 2016, worth a combined $76.7M — down 44% from $138M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of ZTR and 7 opened new positions — a net loss of 3 holders — while 28 trimmed existing stakes and 5 added.
The largest buyer was Doliver Advisors, adding an estimated $1.27M. The largest seller was Karpus Investment Management, cutting an estimated $13.7M.
- 44 institutional investors held Virtus Total Return Fund (ZTR) as of Q2 2016, down from 47 in Q1 2016.
- Funds reported $76.7M of Virtus Total Return Fund stock for Q2 2016, down 44% quarter-over-quarter.
- 7 funds opened new Virtus Total Return Fund positions in Q2 2016 and 10 closed out, a net change of -3 holders.
- The largest Virtus Total Return Fund buyer in Q2 2016 was Doliver Advisors, an estimated $1.27M added.
- The largest Virtus Total Return Fund seller in Q2 2016 was Karpus Investment Management, an estimated $13.7M sold.
Based on aggregated 13F filings for Q2 2016.