# Virtus Fund Advisers, LLC

> Institutional holdings reported to the SEC as of Q4 2024 on Form 13F. CIK 1319111. Source: https://holderbook.com/funds/1319111-virtus-fund-advisers-llc/

- Reported value: $32.1M
- Positions: 110
- Weight of the ten largest: 80.5%
- Filed: 2025-02-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VIRTUS ETF TR II | [SEIX](https://holderbook.com/stocks/SEIX/) | $12.7M | 528,855 | 39.4% | 4 |
| SUMMIT MIDSTREAM CORPORATION | [SMC](https://holderbook.com/stocks/SMC/) | $4.1M | 108,293 | 12.8% | 2 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $2.8M | 92,385 | 8.6% | 10 |
| MAKEMYTRIP LIMITED MAURITIUS | [MMYT](https://holderbook.com/stocks/MMYT/) | $2.4M | 21,279 | 7.4% | 4 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $2.1M | 40,789 | 6.7% | 10 |
| DXC TECHNOLOGY CO | [DXC](https://holderbook.com/stocks/DXC/) | $1.1M | 54,908 | 3.4% | 1 |
| VIPSHOP HLDGS LTD | [VIPS](https://holderbook.com/stocks/VIPS/) | $211.3K | 15,684 | 0.7% | 10 |
| VERACYTE INC | [VCYT](https://holderbook.com/stocks/VCYT/) | $163.2K | 4,121 | 0.5% | 8 |
| NORWEGIAN CRUISE LINE HLDGS | [NCLH](https://holderbook.com/stocks/NCLH/) | $163.0K | 6,334 | 0.5% | 3 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $160.3K | 378 | 0.5% | 9 |
| BARRETT BUSINESS SVCS INC | [BBSI](https://holderbook.com/stocks/BBSI/) | $148.3K | 3,415 | 0.5% | 9 |
| PROGRESS SOFTWARE CORP | [PRGS](https://holderbook.com/stocks/PRGS/) | $147.4K | 2,263 | 0.5% | 9 |
| AECOM | [ACM](https://holderbook.com/stocks/ACM/) | $146.7K | 1,373 | 0.5% | 1 |
| COMMVAULT SYS INC | [CVLT](https://holderbook.com/stocks/CVLT/) | $144.7K | 959 | 0.5% | 9 |
| PRIMORIS SVCS CORP | [PRIM](https://holderbook.com/stocks/PRIM/) | $138.8K | 1,817 | 0.4% | 3 |
| NMI HLDGS INC | [NMIH](https://holderbook.com/stocks/NMIH/) | $136.5K | 3,714 | 0.4% | 6 |
| ALKERMES PLC | [ALKS](https://holderbook.com/stocks/ALKS/) | $136.4K | 4,742 | 0.4% | 9 |
| CAMDEN PPTY TR | [CPT](https://holderbook.com/stocks/CPT/) | $133.7K | 1,152 | 0.4% | 2 |
| KNIFE RIVER CORP | [KNF](https://holderbook.com/stocks/KNF/) | $131.4K | 1,293 | 0.4% | 4 |
| TRANSALTA CORP | [TAC](https://holderbook.com/stocks/TAC/) | $127.2K | 8,988 | 0.4% | 7 |
| MASTEC INC | [MTZ](https://holderbook.com/stocks/MTZ/) | $118.3K | 869 | 0.4% | 3 |
| LEONARDO DRS INC | [DRS](https://holderbook.com/stocks/DRS/) | $116.3K | 3,601 | 0.4% | 1 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $115.6K | 1,037 | 0.4% | 1 |
| NATERA INC | [NTRA](https://holderbook.com/stocks/NTRA/) | $112.6K | 711 | 0.4% | 7 |
| NEUROCRINE BIOSCIENCES INC | [NBIX](https://holderbook.com/stocks/NBIX/) | $108.5K | 795 | 0.3% | 6 |
| MANHATTAN ASSOCIATES INC | [MANH](https://holderbook.com/stocks/MANH/) | $106.2K | 393 | 0.3% | 9 |
| MERIT MED SYS INC | [MMSI](https://holderbook.com/stocks/MMSI/) | $101.9K | 1,054 | 0.3% | 9 |
| DAKTRONICS INC | [DAKT](https://holderbook.com/stocks/DAKT/) | $101.9K | 6,044 | 0.3% | 2 |
| MGIC INVT CORP WIS | [MTG](https://holderbook.com/stocks/MTG/) | $99.3K | 4,190 | 0.3% | 4 |
| STEELCASE INC | [SCS](https://holderbook.com/stocks/SCS/) | $93.3K | 7,893 | 0.3% | 3 |
| INTAPP INC | [INTA](https://holderbook.com/stocks/INTA/) | $93.2K | 1,454 | 0.3% | 8 |
| TWIST BIOSCIENCE CORP | [TWST](https://holderbook.com/stocks/TWST/) | $83.6K | 1,798 | 0.3% | 7 |
| CELLEBRITE DI LTD | [CLBT](https://holderbook.com/stocks/CLBT/) | $78.2K | 3,551 | 0.2% | 5 |
| DUCOMMUN INC DEL | [DCO](https://holderbook.com/stocks/DCO/) | $77.7K | 1,220 | 0.2% | 1 |
| TEEKAY CORPORATION LTD | [TK](https://holderbook.com/stocks/TK/) | $75.3K | 10,867 | 0.2% | 1 |
| STRATEGIC ED INC | [STRA](https://holderbook.com/stocks/STRA/) | $75.2K | 805 | 0.2% | 5 |
| TAYLOR MORRISON HOME CORP | [TMHC](https://holderbook.com/stocks/TMHC/) | $75.1K | 1,227 | 0.2% | 5 |
| FABRINET | [FN](https://holderbook.com/stocks/FN/) | $72.3K | 329 | 0.2% | 9 |
| TACTILE SYS TECHNOLOGY INC | [TCMD](https://holderbook.com/stocks/TCMD/) | $71.9K | 4,199 | 0.2% | 5 |
| PEGASYSTEMS INC | [PEGA](https://holderbook.com/stocks/PEGA/) | $71.3K | 765 | 0.2% | 8 |
| COLLEGIUM PHARMACEUTICAL INC | [COLL](https://holderbook.com/stocks/COLL/) | $69.3K | 2,419 | 0.2% | 2 |
| GAP INC | [GAP](https://holderbook.com/stocks/GAP/) | $69.0K | 2,920 | 0.2% | 1 |
| RINGCENTRAL INC | [RNG](https://holderbook.com/stocks/RNG/) | $68.5K | 1,958 | 0.2% | 4 |
| PHIBRO ANIMAL HEALTH CORP | [PAHC](https://holderbook.com/stocks/PAHC/) | $68.5K | 3,263 | 0.2% | 1 |
| TURTLE BEACH CORP | [TBCH](https://holderbook.com/stocks/TBCH/) | $67.8K | 3,916 | 0.2% | 1 |
| BOISE CASCADE CO DEL | [BCC](https://holderbook.com/stocks/BCC/) | $66.2K | 557 | 0.2% | 9 |
| Q2 HLDGS INC | [QTWO](https://holderbook.com/stocks/QTWO/) | $65.6K | 652 | 0.2% | 6 |
| DOCUSIGN INC | [DOCU](https://holderbook.com/stocks/DOCU/) | $64.0K | 712 | 0.2% | 5 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $63.9K | 259 | 0.2% | 4 |
| CAREDX INC | [CDNA](https://holderbook.com/stocks/CDNA/) | $63.2K | 2,954 | 0.2% | 5 |
| AURINIA PHARMACEUTICALS INC | [AUPH](https://holderbook.com/stocks/AUPH/) | $63.1K | 7,032 | 0.2% | 3 |
| BLACKLINE INC | [BL](https://holderbook.com/stocks/BL/) | $61.7K | 1,015 | 0.2% | 5 |
| MOOG INC | [MOGA](https://holderbook.com/stocks/MOGA/) | $60.4K | 307 | 0.2% | 3 |
| OSI SYSTEMS INC | [OSIS](https://holderbook.com/stocks/OSIS/) | $60.1K | 359 | 0.2% | 9 |
| RADIAN GROUP INC | [RDN](https://holderbook.com/stocks/RDN/) | $58.2K | 1,835 | 0.2% | 5 |
| SYLVAMO CORP | [SLVM](https://holderbook.com/stocks/SLVM/) | $57.3K | 725 | 0.2% | 3 |
| SUNCOKE ENERGY INC | [SXC](https://holderbook.com/stocks/SXC/) | $56.9K | 5,314 | 0.2% | 1 |
| ANI PHARMACEUTICALS INC | [ANIP](https://holderbook.com/stocks/ANIP/) | $56.5K | 1,022 | 0.2% | 6 |
| BERRY CORP | [BRY](https://holderbook.com/stocks/BRY/) | $56.3K | 13,643 | 0.2% | 1 |
| FRONTDOOR INC | [FTDR](https://holderbook.com/stocks/FTDR/) | $55.8K | 1,021 | 0.2% | 5 |
| ONESPAWORLD HOLDINGS LIMITED | [OSW](https://holderbook.com/stocks/OSW/) | $54.8K | 2,755 | 0.2% | 6 |
| WOLVERINE WORLD WIDE INC | [WWW](https://holderbook.com/stocks/WWW/) | $53.7K | 2,420 | 0.2% | 3 |
| VERICEL CORP | [VCEL](https://holderbook.com/stocks/VCEL/) | $52.2K | 951 | 0.2% | 7 |
| ADMA BIOLOGICS INC | [ADMA](https://holderbook.com/stocks/ADMA/) | $51.8K | 3,021 | 0.2% | 7 |
| FEDERATED HERMES INC | [FHI](https://holderbook.com/stocks/FHI/) | $49.7K | 1,208 | 0.2% | 9 |
| OUTFRONT MEDIA INC | [OUTXXXX](https://holderbook.com/stocks/OUTXXXX/) | $49.2K | 2,773 | 0.2% | 2 |
| INTERFACE INC | [TILE](https://holderbook.com/stocks/TILE/) | $48.1K | 1,974 | 0.1% | 1 |
| TURNING PT BRANDS INC | [TPB](https://holderbook.com/stocks/TPB/) | $47.9K | 797 | 0.1% | 1 |
| ABM INDS INC | [ABM](https://holderbook.com/stocks/ABM/) | $47.7K | 932 | 0.1% | 3 |
| CLEAR SECURE INC | [YOU](https://holderbook.com/stocks/YOU/) | $47.3K | 1,776 | 0.1% | 5 |
| NEXTPOWER INC | [NXT](https://holderbook.com/stocks/NXT/) | $47.3K | 1,295 | 0.1% | 1 |
| VICTORIAS SECRET AND CO | [VSXY](https://holderbook.com/stocks/VSXY/) | $45.7K | 1,103 | 0.1% | 2 |
| AMPHASTAR PHARMACEUTICALS IN | [AMPH](https://holderbook.com/stocks/AMPH/) | $45.3K | 1,220 | 0.1% | 7 |
| DYCOM INDS INC | [DY](https://holderbook.com/stocks/DY/) | $45.1K | 259 | 0.1% | 3 |
| ANIKA THERAPEUTICS INC | [ANIK](https://holderbook.com/stocks/ANIK/) | $44.8K | 2,724 | 0.1% | 4 |
| XPERI INC | [XPER](https://holderbook.com/stocks/XPER/) | $43.0K | 4,191 | 0.1% | 1 |
| IONQ INC | [IONQ](https://holderbook.com/stocks/IONQ/) | $42.1K | 1,008 | 0.1% | 1 |
| DOLE PLC | [DOLE](https://holderbook.com/stocks/DOLE/) | $41.2K | 3,043 | 0.1% | 2 |
| AMALGAMATED FINANCIAL CORP | [AMAL](https://holderbook.com/stocks/AMAL/) | $40.8K | 1,218 | 0.1% | 4 |
| SI-BONE INC | [SIBN](https://holderbook.com/stocks/SIBN/) | $39.8K | 2,839 | 0.1% | 1 |
| ACADIA PHARMACEUTICALS INC | [ACAD](https://holderbook.com/stocks/ACAD/) | $39.2K | 2,135 | 0.1% | 1 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $38.1K | 84 | 0.1% | 3 |
| METHODE ELECTRS INC | [MEI](https://holderbook.com/stocks/MEI/) | $37.9K | 3,211 | 0.1% | 1 |
| AAR CORP | [AIR](https://holderbook.com/stocks/AIR/) | $35.7K | 583 | 0.1% | 1 |
| UNISYS CORP | [UIS](https://holderbook.com/stocks/UIS/) | $35.4K | 5,594 | 0.1% | 1 |
| ZETA GLOBAL HOLDINGS CORP | [ZETA](https://holderbook.com/stocks/ZETA/) | $35.2K | 1,959 | 0.1% | 8 |
| MIMEDX GROUP INC | [MDXG](https://holderbook.com/stocks/MDXG/) | $35.2K | 3,661 | 0.1% | 1 |
| MEDIAALPHA INC | [MAX](https://holderbook.com/stocks/MAX/) | $34.8K | 3,086 | 0.1% | 1 |
| NATURAL GROCERS BY VITAMIN | [NGVC](https://holderbook.com/stocks/NGVC/) | $33.9K | 853 | 0.1% | 2 |
| UPSTART HLDGS INC | [UPST](https://holderbook.com/stocks/UPST/) | $31.9K | 518 | 0.1% | 1 |
| ABERCROMBIE & FITCH CO | [ANF](https://holderbook.com/stocks/ANF/) | $30.9K | 207 | 0.1% | 3 |
| BEACON ROOFING SUPPLY INC | [BECN](https://holderbook.com/stocks/BECN/) | $30.3K | 298 | 0.1% | 3 |
| HANCOCK WHITNEY CORPORATION | [HWC](https://holderbook.com/stocks/HWC/) | $29.6K | 541 | 0.1% | 4 |
| AMICUS THERAPEUTICS INC | [FOLD](https://holderbook.com/stocks/FOLD/) | $29.3K | 3,108 | 0.1% | 1 |
| TAT TECHNOLOGIES LTD | [TATT](https://holderbook.com/stocks/TATT/) | $29.1K | 1,133 | 0.1% | 1 |
| CHEGG INC | [CHGG](https://holderbook.com/stocks/CHGG/) | $28.3K | 17,591 | 0.1% | 1 |
| CATALYST PHARMACEUTICALS INC | [CPRX](https://holderbook.com/stocks/CPRX/) | $28.0K | 1,340 | 0.1% | 8 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $25.9K | 180 | 0.1% | 1 |
| CONSENSUS CLOUD SOLUTIONS IN | [CCSI](https://holderbook.com/stocks/CCSI/) | $25.8K | 1,082 | 0.1% | 2 |
| ESSENT GROUP LTD | [ESNT](https://holderbook.com/stocks/ESNT/) | $23.8K | 437 | 0.1% | 5 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2024 | +2.2% | +2.1% | +0.1% | 97% |
| Q3 2024 | +7.6% | +5.4% | +2.2% | 85% |
| Q2 2024 | +5.0% | +4.0% | +1.0% | 100% |
| Q1 2024 | +11.0% | +10.0% | +0.9% | 100% |
| Q4 2023 | +13.4% | +11.2% | +2.2% | 99% |
| Q3 2023 | -1.2% | -3.6% | +2.4% | 100% |
| Q2 2023 | +5.3% | +8.3% | -3.0% | 100% |
| Q1 2023 | +1.6% | +7.0% | -5.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2024 | $32.1M | 110 |
| Q3 2024 | $24.5M | 110 |
| Q2 2024 | $25.3M | 113 |
| Q1 2024 | $28.3M | 114 |
| Q4 2023 | $16.1M | 105 |
| Q3 2023 | $14.1M | 100 |
| Q2 2023 | $14.2M | 101 |
| Q1 2023 | $14.3M | 105 |
| Q4 2022 | $13.9M | 98 |
| Q3 2022 | $7.6M | 8 |