Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
27 hedge funds and large institutions have $46.8M invested in Virtus Convertible & Income 2024 Target Term Fund in 2019 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 4 reducing their positions, and 4 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 4
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
17% more funds holding
Funds holding: 23 → 27 (+4)
2% more capital invested
Capital invested by funds: $45.8M → $46.8M (+$1.05M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SPIA
Steward Partners Investment Advisory
New York
|
+$876K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$633K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$471K |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$448K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$346K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$6.04M |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.08M |
| 3 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$977K |
| 4 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$463K |
| 5 |
UR
USCA RIA
Houston,
Texas
|
-$281K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MIG
26
Mariner Investment Group
Harrison,
New York
| – | -$977K | -122,429 | Closed |
|
|
CRC
27
Curi RMB Capital
Chicago,
Illinois
| – | -$463K | -57,968 | Closed |
|
|
UR
28
USCA RIA
Houston,
Texas
| – | -$281K | -35,200 | Closed |
|
|
RJFSA
29
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$108K | -13,576 | Closed |
|
|
ASN
30
Advisory Services Network
Atlanta,
Georgia
| – | +$407 | +46 | New |
|
31
Citigroup
New York
| – | +$646 | +73 | New |
|
CBH Hedge Fund Activity: Q1 2019 in Review
27 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q1 2019, worth a combined $46.8M — up 2.3% from $45.8M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new CBH positions and 4 closed out — a net gain of 4 holders — while 14 added to existing stakes and 4 trimmed.
The largest buyer was Steward Partners Investment Advisory, opening a new position worth an estimated $876K. The largest seller was Rivernorth Capital Management, cutting an estimated $6.04M.
- 27 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q1 2019, up from 23 in Q4 2018.
- Funds reported $46.8M of Virtus Convertible & Income 2024 Target Term Fund stock for Q1 2019, up 2.3% quarter-over-quarter.
- 8 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q1 2019 and 4 closed out, a net change of +4 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q1 2019 was Steward Partners Investment Advisory, an estimated $876K added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q1 2019 was Rivernorth Capital Management, an estimated $6.04M sold.
Based on aggregated 13F filings for Q1 2019.