Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
28 hedge funds and large institutions have $34.4M invested in Virtus Convertible & Income 2024 Target Term Fund in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 6 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
10% less funds holding
Funds holding: 31 → 28 (-3)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
20% less capital invested
Capital invested by funds: $43M → $34.4M (-$8.62M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$1.04M |
| 2 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$588K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$402K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$363K |
| 5 |
SF
Synovus Financial
Columbus,
Georgia
|
+$243K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.86M |
| 2 |
PAS
Partnervest Advisory Services
Santa Barbara,
California
|
-$388K |
| 3 |
Invesco
Atlanta,
Georgia
|
-$322K |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$265K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$214K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WQ
26
Wealth Quarterback
Toms River,
New Jersey
| $16.5K | +$284 | +31 | +1% |
|
27
Rockefeller Capital Management
New York
| $15K | – | – | – |
|
28
Citigroup
New York
| $1K | +$724 | +79 | New |
|
|
PAS
29
Partnervest Advisory Services
Santa Barbara,
California
| – | -$388K | -40,166 | Closed |
|
30
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$121K | -12,566 | Closed |
|
|
ACM
31
Arlington Capital Management
Arlington Heights,
Illinois
| – | -$104K | -10,766 | Closed |
|
|
CFG
32
Citizens Financial Group
Providence,
Rhode Island
| – | -$22K | -2,249 | Closed |
|
|
RIA
33
Realta Investment Advisors
Wilmington,
Delaware
| – | -$10K | -1,000 | Closed |
|
|
FIA
34
FNY Investment Advisers
New York
| – | -$1K | -182 | Closed |
|
CBH Hedge Fund Activity: Q1 2020 in Review
28 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q1 2020, worth a combined $34.4M — down 20% from $43M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CBH and 5 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 12 added.
The largest buyer was Wells Fargo, adding an estimated $1.04M. The largest seller was Shaker Financial Services, cutting an estimated $1.86M.
- 28 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q1 2020, down from 31 in Q4 2019.
- Funds reported $34.4M of Virtus Convertible & Income 2024 Target Term Fund stock for Q1 2020, down 20% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q1 2020 and 6 closed out, a net change of -1 holder.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q1 2020 was Wells Fargo, an estimated $1.04M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q1 2020 was Shaker Financial Services, an estimated $1.86M sold.
Based on aggregated 13F filings for Q1 2020.