Virtus Fixed Income Advisers, LLC Concentrated Active

CIK: 0002079921 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 12, 2026

Total Value ($000): $132,268 (89.7% shares, 10.3% debt)

Holdings (23)

New Positions (1)

— WINNEBAGO INDS INC 2.1%

Value ($000) $2,766 Shares 2,950,000 Est. Cost $0.94 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	WINNEBAGO INDS INC	2,950,000	$2,766	2.1%	$0.94	—	NOTE 3.250% 1/1	974637AF7

Increased Positions (8)

BKLN INVESCO EXCH TRADED FD TR II 1.1%

Value ($000) $1,497 (+206.6%) Shares 71,305 (+205.6%) Est. Cost $20.97 Unrealized —

SJNK SPDR SERIES TRUST 0.8%

Value ($000) $993 (+7.8%) Shares 39,210 (+9.0%) Est. Cost $25.47 Unrealized —

HYG ISHARES TR 1.6%

Value ($000) $2,053 (+3.5%) Shares 25,468 (+4.2%) Est. Cost $80.65 Unrealized —

JNK SPDR SERIES TRUST 1.5%

Value ($000) $1,959 (+3.5%) Shares 20,152 (+4.4%) Est. Cost $97.27 Unrealized —

SPBO SPDR SERIES TRUST 0.0%

Value ($000) $7 (+8.0%) Shares 240 (+9.1%) Est. Cost $29.25 Unrealized —

SPMB SPDR SERIES TRUST 0.0%

Value ($000) $5 (+7.0%) Shares 211 (+7.1%) Est. Cost $22.22 Unrealized —

VEMY VIRTUS ETF TR II 0.0%

Value ($000) $2 (+20.2%) Shares 62 (+19.2%) Est. Cost $27.21 Unrealized —

NFLT ETFIS SER TR I 0.0%

Value ($000) $4 (+1.0%) Shares 181 (+1.1%) Est. Cost $22.83 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BKLN	INVESCO EXCH TRADED FD TR II	71,305 (+205.6%)	$1,497 (+206.6%)	1.1%	$20.97	—	SR LN ETF	46138G508
SJNK	SPDR SERIES TRUST	39,210 (+9.0%)	$993 (+7.8%)	0.8%	$25.47	—	STATE STREET SPD	78468R408
HYG	ISHARES TR	25,468 (+4.2%)	$2,053 (+3.5%)	1.6%	$80.65	—	IBOXX HI YD ETF	464288513
JNK	SPDR SERIES TRUST	20,152 (+4.4%)	$1,959 (+3.5%)	1.5%	$97.27	—	STATE STREET SPD	78468R622
SPBO	SPDR SERIES TRUST	240 (+9.1%)	$7 (+8.0%)	0.0%	$29.25	—	STATE STREET SPD	78464A144
SPMB	SPDR SERIES TRUST	211 (+7.1%)	$5 (+7.0%)	0.0%	$22.22	—	STATE STREET SPD	78464A383
VEMY	VIRTUS ETF TR II	62 (+19.2%)	$2 (+20.2%)	0.0%	$27.21	—	STONE HARBOR EMG	92790A801
NFLT	ETFIS SER TR I	181 (+1.1%)	$4 (+1.0%)	0.0%	$22.83	—	VIRTUS NEWFLEET	26923G707

Exited Positions (1)

VGIT VANGUARD SCOTTSDALE FDS 0.0%

Value ($000) $0 Shares 4 Est. Cost $59.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VGIT	VANGUARD SCOTTSDALE FDS	4	$0	0.0%	$59.80	—	—	92206C706

Decreased Positions (6)

SEIX VIRTUS ETF TR II 13.5%

Value ($000) $17,873 (-15.2%) Shares 765,616 (-14.3%) Est. Cost $23.56 Unrealized —

— CABLE ONE INC 8.3%

Value ($000) $10,913 (-11.3%) Shares 13,410,000 (-6.9%) Est. Cost $0.76 Unrealized —

SPTS SPDR SERIES TRUST 0.0%

Value ($000) $0 (-72.9%) Shares 13 (-72.9%) Est. Cost $29.32 Unrealized —

SPTL SPDR SERIES TRUST 0.0%

Value ($000) $4 (-6.6%) Shares 136 (-4.9%) Est. Cost $26.58 Unrealized —

EMLC VANECK ETF TRUST 0.0%

Value ($000) $0 (-49.4%) Shares 10 (-50.0%) Est. Cost $25.50 Unrealized —

SPSB SPDR SERIES TRUST 0.0%

Value ($000) $2 (-7.9%) Shares 61 (-7.6%) Est. Cost $30.19 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SEIX	VIRTUS ETF TR II	765,616 (-14.3%)	$17,873 (-15.2%)	13.5%	$23.56	—	SEIX SR LN ETF	92790A405
—	CABLE ONE INC	13,410,000 (-6.9%)	$10,913 (-11.3%)	8.3%	$0.76	—	NOTE 1.125% 3/1	12685JAG0
SPTS	SPDR SERIES TRUST	13 (-72.9%)	$0 (-72.9%)	0.0%	$29.32	—	STATE STREET SPD	78468R101
SPTL	SPDR SERIES TRUST	136 (-4.9%)	$4 (-6.6%)	0.0%	$26.58	—	STATE STREET SPD	78464A664
EMLC	VANECK ETF TRUST	10 (-50.0%)	$0 (-49.4%)	0.0%	$25.50	—	JP MRGAN EM LOC	92189H300
SPSB	SPDR SERIES TRUST	61 (-7.6%)	$2 (-7.9%)	0.0%	$30.19	—	STATE STREET SPD	78464A474

Unchanged Positions (8)

SMC SUMMIT MIDSTREAM CORPORATION 2.4%

Value ($000) $3,195 Shares 119,749 Est. Cost $27.47 Unrealized -13.4%

VABS VIRTUS ETF TR II 49.2%

Value ($000) $65,018 Shares 2,680,618 Est. Cost $24.44 Unrealized —

VSHY VIRTUS ETF TR II 18.7%

Value ($000) $24,727 Shares 1,134,075 Est. Cost $21.85 Unrealized —

TALO TALOS ENERGY INC 0.0%

Value ($000) $33 Shares 2,973 Est. Cost $8.01 Unrealized +30.6%

PCLO VIRTUS ETF TR II 0.9%

Value ($000) $1,198 Shares 48,000 Est. Cost $24.94 Unrealized —

SD SANDRIDGE ENERGY INC 0.0%

Value ($000) $4 Shares 260 Est. Cost $10.19 Unrealized +29.8%

SDCP VIRTUS ETF TR II 0.0%

Value ($000) $14 Shares 535 Est. Cost $25.92 Unrealized —

JPMB J P MORGAN EXCHANGE TRADED F 0.0%

Value ($000) $1 Shares 19 Est. Cost $38.96 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SMC	SUMMIT MIDSTREAM CORPORATION	119,749	$3,195	2.4%	$27.47	-13.4%	COM	86614G101
VABS	VIRTUS ETF TR II	2,680,618	$65,018	49.2%	$24.44	—	NEWFLEET ABS MBS	92790A603
VSHY	VIRTUS ETF TR II	1,134,075	$24,727	18.7%	$21.85	—	VIRTUS NEWFLEET	92790A207
TALO	TALOS ENERGY INC	2,973	$33	0.0%	$8.01	+30.6%	COM	87484T108
PCLO	VIRTUS ETF TR II	48,000	$1,198	0.9%	$24.94	—	SEIX AAA PRIVAAT	92790A850
SD	SANDRIDGE ENERGY INC	260	$4	0.0%	$10.19	+29.8%	COM NEW	80007P869
SDCP	VIRTUS ETF TR II	535	$14	0.0%	$25.92	—	NEWFLEET SHORT D	92790A884
JPMB	J P MORGAN EXCHANGE TRADED F	19	$1	0.0%	$38.96	—	USD EMRNG MKT	46641Q746