Virtus Total Return Fund
ZTR
43 hedge funds and large institutions have $181M invested in Virtus Total Return Fund in 2014 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 17 reducing their positions, and 8 closing their positions.
3% less capital invested
Capital invested by funds: $187M → $181M (-$5.69M)
1.53% less ownership
Funds ownership: 38.54% → 37% (-1.5%)
4% less funds holding
Funds holding: 45 → 43 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
41% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$9.4M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.84M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$345K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$211K |
| 5 |
CBN
Cadence Bank NA
Houston,
Texas
|
+$179K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Commerzbank Aktiengesellschaft
Frankfurt,
Germany
|
-$8.7M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$2.36M |
| 3 |
Morgan Stanley
New York
|
-$2.22M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$1.43M |
| 5 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$1.36M |
ZTR Hedge Fund Activity: Q1 2014 in Review
43 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Virtus Total Return Fund (ZTR) for Q1 2014, worth a combined $181M — down 3% from $187M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ZTR and 6 opened new positions — a net loss of 2 holders — while 17 trimmed existing stakes and 10 added.
The largest buyer was Sit Investment Associates, adding an estimated $9.4M. The largest seller was Commerzbank Aktiengesellschaft, exiting entirely with an estimated $8.7M sold.
- 43 institutional investors held Virtus Total Return Fund (ZTR) as of Q1 2014, down from 45 in Q4 2013.
- Funds reported $181M of Virtus Total Return Fund stock for Q1 2014, down 3% quarter-over-quarter.
- 6 funds opened new Virtus Total Return Fund positions in Q1 2014 and 8 closed out, a net change of -2 holders.
- The largest Virtus Total Return Fund buyer in Q1 2014 was Sit Investment Associates, an estimated $9.4M added.
- The largest Virtus Total Return Fund seller in Q1 2014 was Commerzbank Aktiengesellschaft, an estimated $8.7M sold.
Based on aggregated 13F filings for Q1 2014.