Virtus Total Return Fund
ZTR
45 hedge funds and large institutions have $187M invested in Virtus Total Return Fund in 2013 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 13 reducing their positions, and 6 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
31% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 13
11% more capital invested
Capital invested by funds: $168M → $187M (+$18.9M)
1.71% more ownership
Funds ownership: 36.83% → 38.54% (+1.7%)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
2% less funds holding
Funds holding: 46 → 45 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
+$8.63M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$4.39M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.12M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.49M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.95M |
| 2 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.8M |
| 3 |
Morgan Stanley
New York
|
-$2.32M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.39M |
| 5 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$1.31M |
ZTR Hedge Fund Activity: Q4 2013 in Review
45 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Virtus Total Return Fund (ZTR) for Q4 2013, worth a combined $187M — up 11% from $168M a quarter earlier.
Fund positioning in ZTR was balanced in Q4 2013: 6 funds opened new positions, 6 closed out, 17 added to existing stakes and 13 trimmed.
The largest buyer was Commerzbank Aktiengesellschaft, opening a new position worth an estimated $8.63M. The largest seller was Bulldog Investors, cutting an estimated $2.95M.
- 45 institutional investors held Virtus Total Return Fund (ZTR) as of Q4 2013, down from 46 in Q3 2013.
- Funds reported $187M of Virtus Total Return Fund stock for Q4 2013, up 11% quarter-over-quarter.
- 6 funds opened new Virtus Total Return Fund positions in Q4 2013 and 6 closed out, a net change of 0 holders.
- The largest Virtus Total Return Fund buyer in Q4 2013 was Commerzbank Aktiengesellschaft, an estimated $8.63M added.
- The largest Virtus Total Return Fund seller in Q4 2013 was Bulldog Investors, an estimated $2.95M sold.
Based on aggregated 13F filings for Q4 2013.