Virtus Total Return Fund
ZTR
46 hedge funds and large institutions have $168M invested in Virtus Total Return Fund in 2013 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 18 reducing their positions, and 3 closing their positions.
167% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 3
14% more capital invested
Capital invested by funds: $148M → $168M (+$20.4M)
10% more funds holding
Funds holding: 42 → 46 (+4)
3.73% more ownership
Funds ownership: 33.1% → 36.83% (+3.7%)
22% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 18
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$16.3M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$5.64M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.79M |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
+$1.99M |
| 5 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$1.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$5.14M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.32M |
| 3 |
Morgan Stanley
New York
|
-$1.86M |
| 4 |
SCM
Sterneck Capital Management
Kansas City,
Missouri
|
-$1.58M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$476K |
ZTR Hedge Fund Activity: Q3 2013 in Review
46 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Virtus Total Return Fund (ZTR) for Q3 2013, worth a combined $168M — up 14% from $148M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ZTR positions and 3 closed out — a net gain of 5 holders — while 14 added to existing stakes and 18 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $16.3M. The largest seller was Commerzbank Aktiengesellschaft, exiting entirely with an estimated $5.14M sold.
- 46 institutional investors held Virtus Total Return Fund (ZTR) as of Q3 2013, up from 42 in Q2 2013.
- Funds reported $168M of Virtus Total Return Fund stock for Q3 2013, up 14% quarter-over-quarter.
- 8 funds opened new Virtus Total Return Fund positions in Q3 2013 and 3 closed out, a net change of +5 holders.
- The largest Virtus Total Return Fund buyer in Q3 2013 was Sit Investment Associates, an estimated $16.3M added.
- The largest Virtus Total Return Fund seller in Q3 2013 was Commerzbank Aktiengesellschaft, an estimated $5.14M sold.
Based on aggregated 13F filings for Q3 2013.