Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Virtus Convertible & Inc Fd (NCZ)

57 + Investors. Track Smart Money conviction in NCZ. 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
50%

Smart Money Signals — NCZ

Based on 57 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 4Q
For 1 consecutive quarter, more hedge funds added NCZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
57 hedge funds hold NCZ 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 — +16% more funds vs a year ago

fund count last 5Q
+8 new funds entered over the past year (+16% 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 1 quarters from the low — a sharp move.
🟡

Slight buying edge — 50% buying

31 buying31 selling
Last quarter: 31 funds bought or added vs 31 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.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new NCZ position: 14 → 5 → 7 → 13. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔄

Mostly new holders — 30% entered in last year

■ 0% conviction (2yr+) ■ 70% medium ■ 30% 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.
➡️

Steady discovery — ~13 new funds/quarter

14 → 5 → 7 → 13 new funds/Q
New funds entering each quarter: 14 → 5 → 7 → 13. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🌱

Early stage — 100% of holders entered in last year

■ 0% veterans ■ 0% 1-2yr ■ 100% new
Of 57 current holders: 57 (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 — 55% AUM from top-100 funds

55% from top-100 AUM funds
11 of 57 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in NCZ. 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 — NCZ

In 2026 Q1, 31 hedge funds were net buyers of NCZ (13 opened a new position, 18 added to an existing one), while 31 reduced or exited (20 trimmed, 11 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 55% of total institutional value in NCZ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 57.

Hedge Fund Ownership: NCZ

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

Market Analysis: NCZ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NCZ

-- --

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

Is It Too Late to Buy Virtus Convertible & Inc Fd (NCZ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NCZ 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 · 78d ago
NCZ
+17.9%
XLF
+1220.3%

NCZ outperformed XLF by -1202.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
NCZ
+2.9%
XLF
+4.8%

Since the filing became public, NCZ outperformed XLF by -1.9% .

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
0.4
/ 10
conviction
Hedge Fund Positioning: NCZ
57 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 57 55 3.64%
13F Shares 7M 7M 1.62%
Total Value $88M $99M -11.07%
New Positions 13 7 +6
Increased Positions 18 17 +1
Closed Positions 11 7 +4
Reduced Positions 20 19 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NCZ

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

57 + investors

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

QUARTER:
Top 25 NCZ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Congress Park Capital LLC 2.21% 536,237 $7.2M
2 Closed-End Fund Advisors, Inc. 0.26% 18,958 $254K
3 Advisors Asset Management, Inc. 0.24% 1,093,317 $14.7M
4 Twelve Points Wealth Management LLC 0.14% 47,323 $635K
5 Saba Capital Management, L.P. 0.13% 351,755 $4.7M
6 Integrated Capital Management, INC. 0.13% 14,543 $195K
7 Accredited Investor Services, LLC 0.11% 12,583 $169K
8 Walled Lake Planning & Wealth Management, LLC 0.06% 15,890 $213K
9 Blue Bell Private Wealth Management, LLC 0.04% 19,962 $268K
10 Guggenheim Capital LLC 0.03% 265,064 $3.6M
11 WPG Advisers, LLC 0.02% 1,622 $22K
12 Readystate Asset Management LP 0.01% 22,422 $301K
13 Oppenheimer & Co Inc 0.01% 80,331 $1.1M
14 PFG Investments, LLC 0.01% 13,610 $183K
15 Wolverine Asset Management LLC 0.01% 57,437 $770K
16 Hollencrest Capital Management 0.01% 10,338 $139K
17 Pinnacle Wealth Planning Services, Inc. 0.01% 3,670 $49K
18 HighMark Wealth Management LLC 0.00% 787 $11K
19 Merit Financial Group, LLC 0.00% 36,654 $492K
20 Private Advisor Group, LLC 0.00% 57,977 $777K
21 Crews Bank & Trust 0.00% 1,250 $17K
22 Morgan Stanley 0.00% 2,925,981 $39.2M
23 Kestra Advisory Services, LLC 0.00% 44,187 $593K
24 Choreo, LLC 0.00% 13,576 $182K
25 CoreCap Advisors, LLC 0.00% 4,838 $65K
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 & Inc Fd (NCZ)

What does the Smart Money Trend signal show for NCZ?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added NCZ than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NCZ?

Slight buying edge — 50% buying: Last quarter: 31 funds bought or added vs 31 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 NCZ holders?

Elite ownership — 55% AUM from top-100 funds: 11 of 57 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in NCZ. 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 NCZ?

Mostly new holders — 30% 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 & Inc Fd (NCZ) following the 2026 Q1 hedge fund 13F filings?

As of today, NCZ has moved +2.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of -1.9%. Since the quarter end (March 31, 2026), NCZ has gained +17.9% vs +1220.3% 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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