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ZTR

Virtus Total Return Fund

54 hedge funds and large institutions have $135M invested in Virtus Total Return Fund in 2015 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 22 increasing their positions, 13 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 6

69% more repeat investments, than reductions

Existing positions increased: 22 | Existing positions reduced: 13

17% more funds holding

Funds holding: 4654 (+8)

9% more capital invested

Capital invested by funds: $123M → $135M (+$11.3M)

0.8% more ownership

Funds ownership: 33.42%34.22% (+0.8%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
54
Holders Change
+8
Holders Change %
+17.39%
% of All Funds
1.42%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
14
Increased
22
Reduced
13
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
KIM
1
Karpus Investment Management
New York
$35.3M +$17.2M +1,440,083 +99%
RVPG
2
Relative Value Partners Group
$27.1M -$1.86M -155,705 -7%
AA
3
Ancora Advisors
Ohio
$14.3M -$1.27M -106,400 -8%
RCM
4
Rivernorth Capital Management
Florida
$9.22M +$593K +49,484 +7%
Morgan Stanley
5
Morgan Stanley
New York
$6.62M +$693K +57,840 +12%
PPA
6
Parametric Portfolio Associates
Washington
$4.69M +$4.61M +384,840 New
Wells Fargo
7
Wells Fargo
California
$4.19M +$10.7K +894 +0.3%
SIA
8
Sit Investment Associates
Minnesota
$3.47M -$23.5M -1,959,977 -87%
Stifel Financial
9
Stifel Financial
Missouri
$3.43M +$565K +47,164 +20%
IA
10
Icon Advisers
Colorado
$3M +$2.95M +246,028 New
1832 Asset Management
11
1832 Asset Management
Ontario, Canada
$2.63M +$2.59M +216,452 New
PNC Financial Services Group
12
PNC Financial Services Group
Pennsylvania
$2.51M +$1.16M +97,119 +89%
WAM
13
Wolverine Asset Management
Illinois
$2.07M -$1.57M -130,993 -44%
TJHA
14
Thomas J. Herzfeld Advisors
Florida
$1.75M +$83.3K +6,959 +5%
Bank of America
15
Bank of America
North Carolina
$1.42M +$574K +47,962 +70%
1CP
16
1607 Capital Partners
Virginia
$1.33M +$49.3K +4,114 +4%
FIMG
17
Financial & Investment Management Group
Michigan
$1.05M -$21.8K -1,822 -2%
LPL Financial
18
LPL Financial
California
$1.02M +$564K +47,068 +127%
RFC
19
Regions Financial Corp
Alabama
$972K +$61.5K +5,134 +7%
BBPWM
20
Blue Bell Private Wealth Management
Pennsylvania
$924K -$548K -45,772 -38%
FAAS
21
First Allied Advisory Services
California
$812K +$12.5K +1,040 +2%
SCM
22
Summit Capital Management
Washington
$785K -$27.8K -2,322 -3%
Invesco
23
Invesco
Georgia
$644K +$166K +13,899 +36%
BI
24
Bulldog Investors
New Jersey
$641K +$630K +52,604 New
CL
25
CSS LLC
Illinois
$611K +$7.92K +661 +1%

ZTR Hedge Fund Activity: Q4 2015 in Review

54 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Virtus Total Return Fund (ZTR) for Q4 2015, worth a combined $135M — up 9.2% from $123M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new ZTR positions and 6 closed out — a net gain of 8 holders — while 22 added to existing stakes and 13 trimmed.

The largest buyer was Karpus Investment Management, adding an estimated $17.2M. The largest seller was Sit Investment Associates, cutting an estimated $23.5M.

  • 54 institutional investors held Virtus Total Return Fund (ZTR) as of Q4 2015, up from 46 in Q3 2015.
  • Funds reported $135M of Virtus Total Return Fund stock for Q4 2015, up 9.2% quarter-over-quarter.
  • 14 funds opened new Virtus Total Return Fund positions in Q4 2015 and 6 closed out, a net change of +8 holders.
  • The largest Virtus Total Return Fund buyer in Q4 2015 was Karpus Investment Management, an estimated $17.2M added.
  • The largest Virtus Total Return Fund seller in Q4 2015 was Sit Investment Associates, an estimated $23.5M sold.

Based on aggregated 13F filings for Q4 2015.