Vault-13

VIRTUS EQUITY & CONV INCM FD XNIEX

COM · Closed-End Fund · CUSIP 92841M101

88 institutional holders +9 vs Q1 2025
7,577,8397.6m shares reported held*
$181.2mreported value*
12 new 33 added 25 reduced 4 sold out net bought ≈ $21.3m (+893.3k 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 ≈ $23.91.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 72Q4 22: 71Q1 23: 68Q2 23: 74Q3 23: 71Q4 23: 82Q1 24: 83Q2 24: 79Q3 24: 83Q4 24: 85Q1 25: 79Q2 25: 8888Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202272
Q4 202271
Q1 202368
Q2 202374
Q3 202371
Q4 202382
Q1 202483
Q2 202479
Q3 202483
Q4 202485
Q1 202579
Q2 202588

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q3 23: 30 bought or addedQ3 23: 28 cut or sold outQ4 23: 34 bought or addedQ4 23: 24 cut or sold outQ4 23Q1 24: 35 bought or addedQ1 24: 34 cut or sold outQ2 24: 34 bought or addedQ2 24: 33 cut or sold outQ2 24Q3 24: 43 bought or addedQ3 24: 28 cut or sold outQ4 24: 34 bought or addedQ4 24: 37 cut or sold outQ4 24Q1 25: 32 bought or addedQ1 25: 44 cut or sold outQ2 25: 45 bought or addedQ2 25: 29 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233028
Q4 20233424
Q1 20243534
Q2 20243433
Q3 20244328
Q4 20243437
Q1 20253244
Q2 20254529

Biggest buyers

ROYAL BANK OF CANADA Added +553,663+553.7k
WOLVERINE ASSET MANAGEMENT LLC Added +154,208+154.2k
Cornerstone Advisors, LLC New +113,191+113.2k
STIFEL FINANCIAL CORP Added +51,762+51.8k
READYSTATE ASSET MANAGEMENT LP Added +39,921+39.9k
Shaker Financial Services, LLC Added +37,911+37.9k
Prospera Financial Services Inc New +28,371+28.4k
&PARTNERS New +21,446+21.4k
Brick & Kyle, Associates New +17,569+17.6k
MORGAN STANLEY Added +15,698+15.7k

Biggest sellers

B. Riley Wealth Advisors, Inc. Sold out -68,933-68.9k
Global Endowment Management, LP Sold out -60,000-60.0k
WELLS FARGO & COMPANY/MN Reduced -32,794-32.8k
GUGGENHEIM CAPITAL LLC Reduced -22,929-22.9k
Global Assets Advisory, LLC Reduced -20,000-20.0k
Invesco Ltd. Reduced -16,276-16.3k
Thrivent Financial for Lutherans Reduced -15,790-15.8k
Advisors Asset Management, Inc. Reduced -13,261-13.3k
UBS Group AG Reduced -7,309-7.3k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Reduced -4,334-4.3k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,113,2301.1m $26.6m $26.6m 0.00% Added +553.7k +553,663
2 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 1,010,1501.0m $24.1m $24.1m 0.01% Reduced -32.8k -32,794
3 Advisors Asset Management, Inc. 0.43% of their portfolio Monument, CO 995,422995.4k $23.8m $23.8m 0.43% Reduced -13.3k -13,261
4 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 572,723572.7k $13.7m $13.7m 0.00% Added +15.7k +15,698
5 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 471,831471.8k $11.3m $11.3m 0.00% Reduced -1.3k -1,291
6 GUGGENHEIM CAPITAL LLC 0.08% of their portfolio CHICAGO, IL 430,452430.5k $10.3m $10.3m 0.08% Reduced -22.9k -22,929
7 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio PLYMOUTH, MN 385,540385.5k $9.3m $9.3m 0.02% Added +9.5k +9,451
8 SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC 1.15% of their portfolio MINNEAPOLIS, MN 211,461211.5k $5.1m $5.1m 1.15% Added +5.1k +5,119
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 190,077190.1k $4.5m $4.5m 0.00% Added +12.7k +12,660
10 UBS Group AG 0.00% of their portfolio ZURICH, V8 173,114173.1k $4.1m $4.1m 0.00% Reduced -7.3k -7,309
11 WOLVERINE ASSET MANAGEMENT LLC 0.07% of their portfolio CHICAGO, IL 163,143163.1k $3.9m $3.9m 0.07% Added +154.2k +154,208
12 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 132,630132.6k $3.2m $3.2m 0.00% Reduced -3.3k -3,288
13 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 113,827113.8k $2.7m $2.7m 0.00% Reduced -16.3k -16,276
14 Cornerstone Advisors, LLC 0.09% of their portfolio ASHEVILLE, NC 113,191113.2k $2.7m $2.7m 0.09% New
15 Shaker Financial Services, LLC 0.88% of their portfolio Arlington, VA 101,493101.5k $2.4m $2.4m 0.88% Added +37.9k +37,911
16 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 89,33889.3k $2.1m $2.1m 0.00% Added +13.7k +13,693
17 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 88,72188.7k $2.1m $2.1m 0.01% Reduced -2.1k -2,087
18 STIFEL FINANCIAL CORP 0.00% of their portfolio ST. LOUIS, MO 79,36079.4k $1.9m $1.9m 0.00% Added +51.8k +51,762
19 OxenFree Capital LLC 1.06% of their portfolio MELBOURNE, FL 72,16872.2k $1.7m $1.7m 1.06% Added +2.3k +2,251
20 Capital Investment Advisors, LLC 0.03% of their portfolio ATLANTA, GA 59,98260.0k $1.4m $1.4m 0.03% Reduced -780 -780
21 Integrated Wealth Concepts LLC 0.01% of their portfolio WALTHAM, MA 58,38558.4k $1.4m $1.4m 0.01% Added +4.8k +4,765
22 READYSTATE ASSET MANAGEMENT LP 0.05% of their portfolio CHICAGO, IL 52,04452.0k $1.2m $1.2m 0.05% Added +39.9k +39,921
23 Keystone Financial Group 0.11% of their portfolio LEXINGTON, KY 50,96151.0k $1.2m $1.2m 0.11% Added +11.2k +11,176
24 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 39,62239.6k $947.0k $947.0k 0.00% Reduced -398 -398
25 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 36,55736.6k $873.7k $873.7k 0.00% Added +62 +62
26 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 35,85035.9k $857.0k $857.0k 0.00% Reduced -15.8k -15,790
27 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 35,47335.5k $847.8k $847.8k 0.00% Added +3.4k +3,399
28 Hennion & Walsh Asset Management, Inc. 0.03% of their portfolio Parsippany, NJ 33,65533.7k $804.4k $804.4k 0.03% Reduced -954 -954
29 Steward Partners Investment Advisory, LLC 0.01% of their portfolio STAMFORD, CT 33,57833.6k $802.5k $802.5k 0.01% Added +3.5k +3,524
30 Stolper Co 0.25% of their portfolio TULSA, OK 31,90531.9k $763.0k $763.0k 0.25% Added +1.2k +1,174
31 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 29,52429.5k $706.0k $706.0k 0.00% Reduced -2.6k -2,583
32 ROTHSCHILD INVESTMENT LLC 0.04% of their portfolio CHICAGO, IL 28,99129.0k $692.9k $692.9k 0.04% Reduced -450 -450
33 Prospera Financial Services Inc 0.01% of their portfolio Dallas, TX 28,37128.4k $678.0k $678.0k 0.01% New
34 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 26,17926.2k $625.7k $625.7k 0.00% Added +266 +266
35 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 25,91025.9k $619.2k $619.2k 0.00% Added +2.9k +2,856
36 D.A. DAVIDSON & CO. 0.00% of their portfolio GREAT FALLS, MT 25,57925.6k $611.3k $611.3k 0.00% Added +635 +635
37 Cornerstone Wealth Management, LLC 0.04% of their portfolio ST. PETERS, MO 24,61824.6k $588.4k $588.4k 0.04% Added +734 +734
38 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 21,75621.8k $520.0k $520.0k 0.00% Added +5.5k +5,459
39 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 21,57021.6k $515.5k $515.5k 0.00% Reduced -247 -247
40 Centurion Wealth Management LLC 0.15% of their portfolio Mclean, VA 21,50921.5k $514.1k $514.1k 0.15% Reduced -352 -352
41 &PARTNERS 0.00% of their portfolio NASHVILLE, TN 21,44621.4k $512.6k $512.6k 0.00% New
42 LEVEL FOUR ADVISORY SERVICES, LLC 0.02% of their portfolio DALLAS, TX 19,81719.8k $473.7k $473.7k 0.02% Reduced -175 -175
43 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 18,87918.9k $451.2k $451.2k 0.00% Added +126 +126
44 Atria Wealth Solutions, Inc. 0.01% of their portfolio NEW YORK, NY 18,26218.3k $436.6k $436.6k 0.01% Added +8.7k +8,745
45 Brick & Kyle, Associates 0.19% of their portfolio NEWTOWN, PA 17,56917.6k $418.0k $418.0k 0.19% New
46 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.03% of their portfolio Englewood, NJ 17,37517.4k $415.3k $415.3k 0.03% Reduced -4.3k -4,334
47 Laird Norton Wetherby Wealth Management, LLC 0.02% of their portfolio Seattle, WA 15,66315.7k $374.3k $374.3k 0.02% First filing
48 Institute for Wealth Management, LLC. 0.04% of their portfolio DENVER, CO 15,05415.1k $359.8k $359.8k 0.04% Reduced -99 -99
49 PFG Investments, LLC 0.02% of their portfolio WOODBURY, NY 14,87414.9k $355.5k $355.5k 0.02% Added +47 +47
50 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 14,45214.5k $345.4k $345.4k 0.00% New
51 INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio ORLANDO, FL 12,53512.5k $299.6k $299.6k 0.02% Reduced -125 -125
52 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 11,85011.8k $283.2k $283.2k 0.00% Unchanged
53 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 11,63211.6k $278.0k $278.0k 0.00% Added +71 +71
54 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 11,00711.0k $263.0k $263.0k 0.01% Reduced -283 -283
55 SMH CAPITAL ADVISORS INC 0.57% of their portfolio FORT WORTH, TX 10,54510.5k $252.0k $252.0k 0.57% Reduced -100 -100
56 Joel Isaacson & Co., LLC 0.01% of their portfolio NEW YORK, NY 10,00010.0k $239.0k $239.0k 0.01% Unchanged
57 Global Assets Advisory, LLC 0.09% of their portfolio ORLANDO, FL 10,00010.0k $238.4k $238.4k 0.09% Reduced -20.0k -20,000
58 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 9,8139.8k $234.5k $234.5k 0.00% New
59 DAVENPORT & Co LLC 0.00% of their portfolio RICHMOND, VA 9,6659.7k $231.0k $231.0k 0.00% Unchanged
60 DAYMARK WEALTH PARTNERS, LLC 0.01% of their portfolio CINCINNATI, OH 9,6619.7k $230.9k $230.9k 0.01% Reduced -300 -300
61 David J Yvars Group 0.13% of their portfolio UNIVERSITY PARK, FL 9,1809.2k $219.4k $219.4k 0.13% New
62 Huntleigh Advisors, Inc. 0.04% of their portfolio ST. LOUIS, MO 9,1519.2k $218.7k $218.7k 0.04% New
63 Bay Colony Advisory Group, Inc d/b/a Bay Colony Advisors 0.03% of their portfolio CONCORD, MA 8,8628.9k $211.8k $211.8k 0.03% New
64 COMERICA BANK 0.00% of their portfolio DALLAS, TX 8,0038.0k $191.3k $191.3k 0.00% Added +47 +47
65 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 7,1527.2k $170.9k $170.9k 0.00% Added +227 +227
66 WOLFF WIESE MAGANA LLC 0.06% of their portfolio CARSLBAD, CA 4,2484.2k $101.5k $101.5k 0.06% Unchanged
67 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 3,0043.0k $71.8k $71.8k 0.00% Unchanged
68 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 2,8002.8k $66.9k $66.9k 0.00% Added +58 +58
69 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,5762.6k $61.6k $61.6k 0.00% Reduced -428 -428
70 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 2,0482.0k $49.0k $49.0k 0.00% Unchanged
71 CWM, LLC 0.00% of their portfolio OMAHA, NE 1,9201.9k $46.0k $46.0k 0.00% Added +7 +7
72 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 1,6501.6k $39.4k $39.4k 0.00% Unchanged
73 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 1,3001.3k $31.1k $31.1k 0.00% Unchanged
74 EASTERN BANK 0.00% of their portfolio BOSTON, MA 1,2981.3k $31.0k $31.0k 0.00% Unchanged
75 Future Financial Wealth Managment LLC 0.02% of their portfolio CINCINNATI, OH 1,0001.0k $23.9k $23.9k 0.02% Unchanged
76 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 950950 $22.7k $22.7k 0.00% Unchanged
77 TSFG, LLC 0.00% of their portfolio LAKE FOREST, IL 754754 $18.0k $18.0k 0.00% Unchanged
78 PRINCIPAL SECURITIES, INC. 0.00% of their portfolio DES MOINES, IA 477477 $11.4k $11.4k 0.00% Added +375 +375
79 Westside Investment Management, Inc. 0.00% of their portfolio SANTA MONICA, CA 350350 $8.4k $8.4k 0.00% Unchanged
80 North Capital, Inc. 0.01% of their portfolio SALT LAKE CITY, UT 284284 $6.8k $6.8k 0.01% Unchanged
81 HIGHLINE WEALTH PARTNERS LLC 0.00% of their portfolio SHERMAN OAKS, CA 221221 $5.3k $5.3k 0.00% New
82 Garde Capital, Inc. 0.00% of their portfolio SEATTLE, WA 200200 $4.8k $4.8k 0.00% New
83 Strengthening Families & Communities, LLC 0.00% of their portfolio BOSTON, MA 176176 $4.2k $4.2k 0.00% Added +4 +4
84 VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio BETHLEHEM, PA 166166 $3.0k $3.0k 0.00% New
85 HOLLENCREST CAPITAL MANAGEMENT 0.00% of their portfolio NEWPORT BEACH, CA 6666 $1.6k $1.6k 0.00% Unchanged
86 FMR LLC 0.00% of their portfolio BOSTON, MA 1212 $287 $287 0.00% Added +11 +11
87 Creekmur Asset Management LLC 0.00% of their portfolio MORTON, IL 22 $54 $54 0.00% Unchanged
88 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged