VIRTUS CONVERTIBLE & INCOME
COM · CUSIP 92838X102
96
institutional holders
-6 vs Q4 2023
35.9m
shares reported held*
$119.7mreported value*
12 new
27 added
31 reduced
17 sold out
net bought ≈ $30.1m (+9.0m shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $3.34.
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 90 |
| Q4 2022 | 93 |
| Q1 2023 | 94 |
| Q2 2023 | 93 |
| Q3 2023 | 93 |
| Q4 2023 | 102 |
| Q1 2024 | 96 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 35 | 42 |
| Q1 2023 | 40 | 34 |
| Q2 2023 | 37 | 40 |
| Q3 2023 | 49 | 36 |
| Q4 2023 | 50 | 37 |
| Q1 2024 | 39 | 48 |
Biggest buyers
| MORGAN STANLEY | Added | +7.2m |
| Advisors Asset Management, Inc. | Added | +2.1m |
| Pathstone Holdings, LLC | Added | +217.0k |
| LPL Financial LLC | Added | +168.5k |
| WNY Asset Management, LLC | Added | +135.8k |
| Shaker Financial Services, LLC | Added | +116.5k |
| TWO SIGMA INVESTMENTS, LP | New | +51.1k |
| CITADEL ADVISORS LLC | New | +47.4k |
| Eschler Asset Management LLP | New | +45.0k |
| Invesco Ltd. | Added | +43.6k |
Biggest sellers
| Cetera Advisor Networks LLC | Sold out | -274.4k |
| Cornerstone Advisors, LLC | Reduced | -202.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -175.7k |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -88.9k |
| Weiss Asset Management LP | Sold out | -75.4k |
| OSAIC HOLDINGS, INC. | Reduced | -62.9k |
| HighTower Advisors, LLC | Reduced | -56.4k |
| CTC Alternative Strategies, Ltd. | Sold out | -43.1k |
| CREDIT SUISSE AG/ | Reduced | -35.0k |
| Cetera Investment Advisers | Reduced | -28.7k |
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 0.00% of their portfolio | 21.1m $70.5m | Added +7.2m |
| Advisors Asset Management, Inc. 0.14% of their portfolio | 2.2m $7.2m | Added +2.1m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.6m $5.4m | Reduced -175.7k |
| Pathstone Holdings, LLC 0.02% of their portfolio | 1.2m $4.1m | Added +217.0k |
| Congress Park Capital LLC 1.52% of their portfolio | 1.0m $3.4m | Added +15.8k |
| Cornerstone Advisors, LLC 0.11% of their portfolio | 783.8k $2.6m | Reduced -202.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 767.6k $2.6m | Added +12.2k |
| WNY Asset Management, LLC 0.38% of their portfolio | 748.5k $2.5m | Added +135.8k |
| LPL Financial LLC 0.00% of their portfolio | 727.0k $2.4m | Added +168.5k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.13% of their portfolio | 432.9k $1.4m | Reduced -20.4k |
| PARK AVENUE SECURITIES LLC 0.02% of their portfolio | 380.7k $1.3m | Reduced -11.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 373.8k $1.2m | Reduced -88.9k |
| Shaker Financial Services, LLC 0.42% of their portfolio | 321.5k $1.1m | Added +116.5k |
| Cetera Investment Advisers 0.00% of their portfolio | 285.0k $951.8k | Reduced -28.7k |
| Private Advisor Group, LLC 0.01% of their portfolio | 232.0k $775.0k | Added +9.8k |
| Gridiron Partners, LLC 0.44% of their portfolio | 207.0k $691.2k | Unchanged |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 199.5k $666.2k | Added +25.9k |
| Invesco Ltd. 0.00% of their portfolio | 188.5k $629.6k | Added +43.6k |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.19% of their portfolio | 166.6k $530.6k | Unchanged |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 159.1k $532.0k | Added +2.1k |
| Arlington Capital Management, Inc. 0.42% of their portfolio | 151.1k $504.7k | Reduced -7.6k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 151.0k $504.3k | Reduced -62.9k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 129.1k $431.1k | Reduced -7.7k |
| Lido Advisors, LLC 0.00% of their portfolio | 126.9k $423.9k | Unchanged |
| Rockefeller Capital Management L.P. 0.00% of their portfolio | 123.6k $412.7k | Added +3.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 108.3k $362.0k | Reduced -6.8k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 100.0k $334.0k | Reduced -35.0k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 98.2k $328.0k | Added +8.0k |
| B. Riley Wealth Advisors, Inc. 0.01% of their portfolio | 80.1k $251.9k | Added +338 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 79.7k $266.1k | Added +1.2k |
| WEDBUSH SECURITIES INC 0.01% of their portfolio | 68.4k $229.0k | Added +257 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 59.1k $197.5k | Added +10.7k |
| E&G Advisors, LLC 0.06% of their portfolio | 59.1k $197.3k | Reduced -200 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 58.1k $194.0k | Reduced -6.5k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 57.4k $192.0k | Reduced -3.4k |
| INTEGRATED CAPITAL MANAGEMENT, INC. 0.16% of their portfolio | 56.9k $190.1k | Added +3.5k |
| Prosperity Financial Group, Inc. 0.11% of their portfolio | 55.4k $185.2k | Reduced -4.6k |
| CoreCap Advisors, LLC 0.01% of their portfolio | 51.8k $172.8k | Reduced -13.4k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 51.1k $170.6k | New |
| Mariner, LLC 0.00% of their portfolio | 49.1k $164.2k | Reduced -3.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 47.4k $158.3k | New |
| UBS Group AG 0.00% of their portfolio | 46.9k $156.5k | Reduced -6.8k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 45.0k $150.3k | Unchanged |
| Eschler Asset Management LLP 0.10% of their portfolio | 45.0k $148.5k | New |
| Joseph P. Lucia & Associates, LLC 0.07% of their portfolio | 40.8k $136.2k | Unchanged |
| Virtu Financial LLC 0.01% of their portfolio | 38.4k $128.0k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 37.2k $125.0k | Reduced -56.4k |
| MELFA WEALTH MANAGEMENT, INC. 0.09% of their portfolio | 36.2k $120.9k | Unchanged |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 36.1k $120.6k | New |
| Sonora Investment Management Group, LLC 0.01% of their portfolio | 32.6k $108.9k | Reduced -132 |
| Garden State Investment Advisory Services LLC 0.04% of their portfolio | 30.0k $99.0k | Added +116 |
| Sheaff Brock Investment Advisors, LLC 0.01% of their portfolio | 29.9k $99.8k | Added +1.7k |
| Compound Planning, Inc. 0.01% of their portfolio | 25.9k $86.6k | Added +1.7k |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 24.9k $83.2k | Reduced -600 |
| Raymond James Financial Services Advisors, Inc. 0.00% of their portfolio | 23.9k $79.9k | Added +2.0k |
| Advisory Services Network, LLC 0.00% of their portfolio | 23.9k $79.9k | Reduced -7.8k |
| Atria Wealth Solutions, Inc. 0.00% of their portfolio | 23.4k $78.1k | Added +387 |
| Heron Bay Capital Management 0.02% of their portfolio | 23.2k $77.4k | Unchanged |
| Oxbow Advisors, LLC 0.01% of their portfolio | 23.0k $76.8k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 22.6k $75.6k | New |
| MGO ONE SEVEN LLC 0.00% of their portfolio | 22.4k $74.9k | Reduced -857 |
| SVB WEALTH LLC 0.00% of their portfolio | 22.1k $73.8k | New |
| Venture Visionary Partners LLC 0.00% of their portfolio | 21.7k $72.5k | Unchanged |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 21.3k $71.0k | Added +630 |
| PFG Investments, LLC 0.00% of their portfolio | 18.6k $62.0k | New |
| COMERICA BANK 0.00% of their portfolio | 18.4k $61.6k | Reduced -185 |
| Pinnacle Wealth Planning Services, Inc. 0.01% of their portfolio | 18.4k $61.4k | Reduced -129 |
| TNF LLC 0.02% of their portfolio | 17.8k $55.8k | Added +65 |
| Good Life Advisors, LLC 0.00% of their portfolio | 16.7k $55.9k | Unchanged |
| Verition Fund Management LLC 0.00% of their portfolio | 15.0k $50.1k | Reduced -1.0k |
| Sage Capital Management, LLC 0.03% of their portfolio | 14.0k $46.8k | Unchanged |
| Bison Wealth, LLC 0.01% of their portfolio | 13.4k $44.8k | Reduced -16.0k |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 13.3k $44.5k | Reduced -1.0k |
| ELCO Management Co., LLC 0.03% of their portfolio | 13.0k $43.4k | Unchanged |
| Capital Investment Advisors, LLC 0.00% of their portfolio | 12.8k $42.7k | Unchanged |
| TOWNSQUARE CAPITAL LLC 0.00% of their portfolio | 12.6k $42.2k | Reduced -400 |
| Gilliland Jeter Wealth Management LLC 0.01% of their portfolio | 12.3k $41.2k | Reduced -209 |
| Graves Light Lenhart Wealth, Inc. 0.00% of their portfolio | 12.0k $40.0k | Unchanged |
| Occidental Asset Management, LLC 0.01% of their portfolio | 11.2k $37.6k | Reduced -82 |
| 180 WEALTH ADVISORS, LLC 0.01% of their portfolio | 11.0k $36.7k | Unchanged |
| HARTLINE INVESTMENT CORP/ 0.01% of their portfolio | 10.6k $35.4k | New |
| Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.01% of their portfolio | 10.6k $35.4k | Added +142 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 10.0k $37.8k | Unchanged |
| Fortitude Family Office, LLC 0.02% of their portfolio | 10.0k $33.4k | Unchanged |
| ASSETMARK, INC 0.00% of their portfolio | 3.9k $13.2k | New |
| PEOPLES FINANCIAL SERVICES CORP. 0.00% of their portfolio | 2.8k $9.4k | Unchanged |
| PRINCIPAL SECURITIES, INC. 0.00% of their portfolio | 2.7k $8.9k | Unchanged |
| FMR LLC 0.00% of their portfolio | 2.0k $6.6k | New |
| Global Retirement Partners, LLC 0.00% of their portfolio | 1.2k $4.0k | Unchanged |
| Geneos Wealth Management Inc. 0.00% of their portfolio | 800 $2.7k | Unchanged |
| CWM, LLC 0.00% of their portfolio | 400 $1.0k | New |
| FinTrust Capital Advisors, LLC 0.00% of their portfolio | 300 $1.0k | Unchanged |
| CVA Family Office, LLC 0.00% of their portfolio | 28 $94 | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 13 $43 | Unchanged |
| ST GERMAIN D J CO INC 0.00% of their portfolio | 12 $40 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |