Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Virtus Convertible & Income (NCV)

59 + Investors. Track Smart Money conviction in NCV. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
48%

Smart Money Signals — NCV

Based on 59 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 4Q
For 1 consecutive quarter, more hedge funds reduced or closed their NCV positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
59 hedge funds hold NCV right now — the highest count in 1.2 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +18% more funds vs a year ago

fund count last 5Q
+9 new funds entered over the past year (+18% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction. The peak was reached in just 3 quarters from the low — a sharp move.
🟠

More sellers than buyers — 48% buying

30 buying33 selling
Last quarter: 33 funds reduced or exited vs 30 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~9 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 22 → 9 → 9 → 9. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 32% entered in last year

■ 0% conviction (2yr+) ■ 68% medium ■ 32% new
Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
⚠️

Saturation — most institutions already know this story

22 → 9 → 9 → 9 new funds/Q
New funds entering each quarter: 22 → 9 → 9 → 9. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.
🌱

Early stage — 100% of holders entered in last year

■ 0% veterans ■ 0% 1-2yr ■ 100% new
Of 59 current holders: 59 (100%) entered in the past year, only 0 (0%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.
🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds
13 of 59 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in NCV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.8
out of 10
Low Exit Risk
Exit risk score 3.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NCV

In 2026 Q1, 30 hedge funds were net buyers of NCV (9 opened a new position, 21 added to an existing one), while 33 reduced or exited (21 trimmed, 12 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. 42% of total institutional value in NCV is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 59.

Hedge Fund Ownership: NCV

How many hedge funds hold NCV — quarterly history vs. share price
Quarterly hedge fund ownership of NCV vs. share price

Market Analysis: NCV

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NCV

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Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: NCV
59 + Investors

Track Smart Money conviction in NCV. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 59 59 -
13F Shares 6M 7M -0.73%
Total Value $104M $89M 17.02%
New Positions 11 9 +2
Increased Positions 19 21 -2
Closed Positions 11 12 -1
Reduced Positions 18 21 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NCV

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Institutional Holders (2026 Q2)

59 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NCV. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NCV holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Congress Park Capital LLC 3.86% 813,039 $14.3M
2 Thomas J. Herzfeld Advisors, Inc. 1.00% 185,909 $3.3M
3 Wealth Care LLC 0.89% 62,340 $1.1M
4 Advisors Asset Management, Inc. 0.18% 662,033 $11.6M
5 Integrated Capital Management, INC. 0.18% 14,301 $252K
6 Saba Capital Management, L.P. 0.15% 336,482 $5.9M
7 Everstar Asset Management, LLC 0.12% 14,025 $242K
8 Blue Bell Private Wealth Management, LLC 0.09% 41,663 $733K
9 Shaker Financial Services, LLC 0.06% 10,712 $188K
10 Guggenheim Capital LLC 0.06% 517,653 $9.1M
11 Alteri Wealth LLC 0.06% 11,380 $200K
12 E&G Advisors, LLC 0.04% 11,749 $207K
13 CoreCap Advisors, LLC 0.04% 72,675 $1.3M
14 Summit Financial, LLC 0.02% 120,157 $2.1M
15 WPG Advisers, LLC 0.01% 1,073 $19K
16 Choreo, LLC 0.01% 33,521 $590K
17 Peoples Financial Services CORP. 0.01% 707 $12K
18 NewEdge Advisors, LLC 0.00% 85,040 $1.5M
19 Pinnacle Wealth Planning Services, Inc. 0.00% 2,437 $43K
20 Kestra Advisory Services, LLC 0.00% 50,394 $886K
21 Merit Financial Group, LLC 0.00% 22,363 $393K
22 Institute for Wealth Management, LLC. 0.00% 1,529 $27K
23 Global Retirement Partners, LLC 0.00% 8,515 $150K
24 Financial Gravity Companies, Inc. 0.00% 793 $14K
25 Osaic Holdings, INC. 0.00% 106,675 $1.9M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Virtus Convertible & Income (NCV)

What does the Smart Money Trend signal show for NCV?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NCV positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NCV?

More sellers than buyers — 48% buying: Last quarter: 33 funds reduced or exited vs 30 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for NCV holders?

Elite ownership — 42% AUM from top-100 funds: 13 of 59 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in NCV. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NCV?

Mostly new holders — 32% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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