Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
31 hedge funds and large institutions have $43M invested in Virtus Convertible & Income 2024 Target Term Fund in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 13 increasing their positions, 10 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
30% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 10
11% more funds holding
Funds holding: 28 → 31 (+3)
6% more capital invested
Capital invested by funds: $40.7M → $43M (+$2.33M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.26M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.08M |
| 3 |
Morgan Stanley
New York
|
+$486K |
| 4 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$371K |
| 5 |
Wells Fargo
San Francisco,
California
|
+$363K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$1.88M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$466K |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$287K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$237K |
| 5 |
Millennium Management
New York
|
-$100K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFG
26
Citizens Financial Group
Providence,
Rhode Island
| $22K | +$21.6K | +2,249 | New |
|
|
WQ
27
Wealth Quarterback
Toms River,
New Jersey
| $20.5K | +$20.4K | +2,124 | New |
|
|
AG
28
Advisor Group
Phoenix,
Arizona
| $19K | +$10.6K | +1,100 | +122% |
|
29
Rockefeller Capital Management
New York
| $19K | +$19.2K | +2,000 | New |
|
|
RIA
30
Realta Investment Advisors
Wilmington,
Delaware
| $10K | – | – | – |
|
|
FIA
31
FNY Investment Advisers
New York
| $1K | +$922 | +96 | +112% |
|
|
RCM
32
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$2.46K | -260,401 | Closed |
|
|
33
Millennium Management
New York
| – | -$100K | -10,761 | Closed |
|
CBH Hedge Fund Activity: Q4 2019 in Review
31 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q4 2019, worth a combined $43M — up 5.7% from $40.7M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new CBH positions and 2 closed out — a net gain of 3 holders — while 13 added to existing stakes and 10 trimmed.
The largest buyer was Shaker Financial Services, adding an estimated $1.26M. The largest seller was Punch & Associates Investment Management, cutting an estimated $1.88M.
- 31 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q4 2019, up from 28 in Q3 2019.
- Funds reported $43M of Virtus Convertible & Income 2024 Target Term Fund stock for Q4 2019, up 5.7% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q4 2019 and 2 closed out, a net change of +3 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q4 2019 was Shaker Financial Services, an estimated $1.26M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q4 2019 was Punch & Associates Investment Management, an estimated $1.88M sold.
Based on aggregated 13F filings for Q4 2019.