Virtus Total Return Fund
ZTR
43 hedge funds and large institutions have $172M invested in Virtus Total Return Fund in 2014 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 9 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
1% less capital invested
Capital invested by funds: $174M → $172M (-$2.46M)
1.08% less ownership
Funds ownership: 36.26% → 35.19% (-1.1%)
4% less funds holding
Funds holding: 45 → 43 (-2)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$17.4M |
| 2 |
RVP
Relative Value Partners
Northbrook,
Illinois
|
+$670K |
| 3 |
IT
Independence Trust
Franklin,
Tennessee
|
+$537K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$533K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$504K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$12.2M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$10.2M |
| 3 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$970K |
| 4 |
FIMG
Financial & Investment Management Group
Traverse City,
Michigan
|
-$675K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$446K |
ZTR Hedge Fund Activity: Q4 2014 in Review
43 of the 3,765 institutional investors tracked by Wall St. Rank reported a position in Virtus Total Return Fund (ZTR) for Q4 2014, worth a combined $172M — down 1.4% from $174M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of ZTR and 8 opened new positions — a net loss of 1 holder — while 13 trimmed existing stakes and 13 added.
The largest buyer was Sit Investment Associates, adding an estimated $17.4M. The largest seller was Karpus Investment Management, cutting an estimated $12.2M.
- 43 institutional investors held Virtus Total Return Fund (ZTR) as of Q4 2014, down from 45 in Q3 2014.
- Funds reported $172M of Virtus Total Return Fund stock for Q4 2014, down 1.4% quarter-over-quarter.
- 8 funds opened new Virtus Total Return Fund positions in Q4 2014 and 9 closed out, a net change of -1 holder.
- The largest Virtus Total Return Fund buyer in Q4 2014 was Sit Investment Associates, an estimated $17.4M added.
- The largest Virtus Total Return Fund seller in Q4 2014 was Karpus Investment Management, an estimated $12.2M sold.
Based on aggregated 13F filings for Q4 2014.