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ZTR

Virtus Total Return Fund

45 hedge funds and large institutions have $143M 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, 17 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

167% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 3

18% more capital invested

Capital invested by funds: $121M → $143M (+$22.2M)

10% more funds holding

Funds holding: 4145 (+4)

4.24% more ownership

Funds ownership: 27.15%31.39% (+4.2%)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

Holders
45
Holders Change
+4
Holders Change %
+9.76%
% of All Funds
1.46%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
8
Increased
14
Reduced
17
Closed
3
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
RVP
1
Relative Value Partners
Illinois
$29.1M +$1.7M +130,630 +6%
KIM
2
Karpus Investment Management
New York
$25.3M +$2.79M +214,167 +12%
SIA
3
Sit Investment Associates
Minnesota
$20.8M +$16.3M +1,251,700 +369%
RCM
4
Rivernorth Capital Management
Florida
$13.3M +$413K +31,721 +3%
Morgan Stanley
5
Morgan Stanley
New York
$11M -$1.86M -142,976 -15%
AA
6
Ancora Advisors
Ohio
$6.99M +$5.64M +432,463 +428%
PPA
7
Parametric Portfolio Associates
Washington
$4.82M -$242K -18,551 -5%
CA
8
Cornerstone Advisors
North Carolina
$4M -$245K -18,800 -6%
Wells Fargo
9
Wells Fargo
California
$3.79M +$355K +27,235 +10%
DA
10
Doliver Advisors
Texas
$3.14M -$40.7K -3,125 -1%
SG Americas Securities
11
SG Americas Securities
New York
$2.8M -$395K -30,300 -12%
BBPWM
12
Blue Bell Private Wealth Management
Pennsylvania
$2.51M -$87.1K -6,682 -3%
SNC
13
Stifel Nicolaus & Co
Missouri
$2.02M -$44.2K -3,388 -2%
FIMG
14
Financial & Investment Management Group
Michigan
$2M +$1.99M +152,814 New
1CP
15
1607 Capital Partners
Virginia
$1.61M
Deutsche Bank
16
Deutsche Bank
Germany
$1.39M
TJHA
17
Thomas J. Herzfeld Advisors
Florida
$1.31M +$29.2K +2,242 +2%
RFC
18
Regions Financial Corp
Alabama
$1.21M +$678 +52 +0.1%
FAAS
19
First Allied Advisory Services
California
$1.18M -$29.3K -2,250 -2%
Bank of America
20
Bank of America
North Carolina
$728K -$51.5K -3,949 -7%
LPL Financial
21
LPL Financial
California
$616K -$50.4K -3,868 -8%
GC
22
Guggenheim Capital
Illinois
$469K +$39 +3 +0%
SCM
23
Sterneck Capital Management
Missouri
$425K -$1.58M -121,114 -79%
VAM
24
Visium Asset Management
New York
$420K +$4.01K +308 +1%
IT
25
Independence Trust
Tennessee
$382K

ZTR Hedge Fund Activity: Q3 2013 in Review

45 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Virtus Total Return Fund (ZTR) for Q3 2013, worth a combined $143M — up 18% from $121M 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 17 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.

  • 45 institutional investors held Virtus Total Return Fund (ZTR) as of Q3 2013, up from 41 in Q2 2013.
  • Funds reported $143M of Virtus Total Return Fund stock for Q3 2013, up 18% 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.