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
↓ -2
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 (97% of max)

97% 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 buying32 selling
Last quarter: 32 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: 21 → 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.
📊

Peak discovery — momentum slowing

21 → 9 → 9 → 9 new funds/Q
New funds entering each quarter: 21 → 9 → 9 → 9. NCV is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🌱

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
12 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.
3.9
out of 10
Low Exit Risk
Exit risk score 3.9/10 — 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 32 reduced or exited (21 trimmed, 11 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: -2 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

-- --

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

Is It Too Late to Buy Virtus Convertible & Income (NCV) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NCV has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 80d ago
NCV
nan%
XLF
+9.5%

NCV outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 35d ago
NCV
nan%
XLF
+5.8%

Since the filing became public, NCV outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

3 top-rated funds 0 high-conviction
Consensus
2.6
/ 10
breadth
×
Elite
0.7
/ 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 Q1) Prior (2025 Q4) Change
Funds Holding 59 61 -3.28%
13F Shares 7M 7M -2.97%
Total Value $89M $102M -12.47%
New Positions 9 9 -
Increased Positions 21 24 -3
Closed Positions 11 6 +5
Reduced Positions 21 14 +7
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 Q1)

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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Congress Park Capital LLC 3.67% 802,324 $11.9M
2 Wealth Care LLC 0.90% 68,299 $1.0M
3 Saba Capital Management, L.P. 0.30% 723,578 $10.8M
4 Integrated Capital Management, INC. 0.16% 16,256 $242K
5 Advisors Asset Management, Inc. 0.15% 601,076 $8.9M
6 Everstar Asset Management, LLC 0.09% 11,525 $171K
7 Blue Bell Private Wealth Management, LLC 0.08% 36,785 $547K
8 Shaker Financial Services, LLC 0.08% 14,584 $217K
9 Alteri Wealth LLC 0.05% 11,380 $169K
10 Guggenheim Capital LLC 0.05% 417,402 $6.2M
11 E&G Advisors, LP 0.04% 11,769 $175K
12 CoreCap Advisors, LLC 0.03% 68,200 $1.0M
13 Readystate Asset Management LP 0.02% 36,738 $547K
14 Summit Financial, LLC 0.02% 123,998 $1.8M
15 WPG Advisers, LLC 0.01% 1,128 $17K
16 Private Advisor Group, LLC 0.01% 164,322 $2.4M
17 Peoples Financial Services CORP. 0.00% 707 $11K
18 Wolverine Asset Management LLC 0.00% 29,312 $436K
19 Pinnacle Wealth Planning Services, Inc. 0.00% 2,579 $38K
20 Kestra Advisory Services, LLC 0.00% 49,322 $734K
21 Merit Financial Group, LLC 0.00% 22,932 $341K
22 Osaic Holdings, INC. 0.00% 98,503 $1.5M
23 Financial Gravity Asset Management, Inc. 0.00% 793 $12K
24 &Partners 0.00% 27,347 $407K
25 Pathstone Holdings, LLC 0.00% 31,460 $468K
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: 32 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: 12 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.

Is it too late to buy Virtus Convertible & Income (NCV) following the 2026 Q1 hedge fund 13F filings?

As of today, NCV has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), NCV has gained nan% vs +9.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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