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
→ 0
Streak
1Q —
Buyers last Q
51%

Smart Money Signals — NCV

Based on 59 hedge funds · latest filing: 2026 Q2 · updated quarterly

➡️

No change last quarter

last 5Q
The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
59 hedge funds hold NCV right now — the highest count in 1.5 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding NCV is almost the same as a year ago (-2 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 51% buying

30 buying29 selling
Last quarter: 30 funds bought or added vs 29 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~11 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 9 → 9 → 9 → 11. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 22% entered in last year

■ 0% conviction (2yr+) ■ 78% medium ■ 22% 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.
💰

Price up while funds trimmed (+17% value, -1% shares)

Value
+17%
Shares
0%
Last quarter: total value of institutional NCV holdings rose +17% even though funds reduced share count by 1%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
📈

Growing discovery — still being found

22 → 9 → 9 → 9 → 11 new funds/Q
New funds entering each quarter: 9 → 9 → 9 → 11. A growing number of institutions are discovering NCV each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
📊

Mixed cohorts — 0% veterans, 51% new entrants

■ 0% veterans ■ 49% 1-2yr ■ 51% new
Of 59 current holders: 0 (0%) held 2+ years, 29 held 1–2 years, 30 (51%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 43% AUM from top-100 funds

43% from top-100 AUM funds
10 of 59 holders are among the 100 largest funds by AUM, controlling 43% 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.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 Q2, 30 hedge funds were net buyers of NCV (11 opened a new position, 19 added to an existing one), while 29 reduced or exited (18 trimmed, 11 sold completely) — a 51% buyer ratio, indicating a slight buying edge. 43% of total institutional value in NCV is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: flat (entries and exits balanced). 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?

No change last quarter: The number of hedge funds holding this stock didn't change last quarter. Neither a buying nor selling signal on its own — watch the next quarter for direction.

What is the institutional breadth score for NCV?

Slight buying edge — 51% buying: Last quarter: 30 funds bought or added vs 29 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NCV holders?

Elite ownership — 43% AUM from top-100 funds: 10 of 59 holders are among the 100 largest funds by AUM, controlling 43% 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 — 22% 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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