Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
23 hedge funds and large institutions have $40M invested in Virtus Convertible & Income 2024 Target Term Fund in 2020 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 6 closing their positions.
16% more capital invested
Capital invested by funds: $34.4M → $40M (+$5.59M)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
18% less funds holding
Funds holding: 28 → 23 (-5)
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$954K |
| 2 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
+$449K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$226K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$151K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$112K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$521K |
| 2 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$418K |
| 3 |
SF
Synovus Financial
Columbus,
Georgia
|
-$271K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$157K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$144K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBHC
26
Brown Brothers Harriman & Co
New York
| – | -$38K | -5,000 | Closed |
|
|
CIM
27
Contravisory Investment Management
Norwell,
Massachusetts
| – | -$38K | -5,000 | Closed |
|
|
WQ
28
Wealth Quarterback
Toms River,
New Jersey
| – | -$16.5K | -2,155 | Closed |
|
29
Citigroup
New York
| – | -$1K | -79 | Closed |
|
CBH Hedge Fund Activity: Q2 2020 in Review
23 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q2 2020, worth a combined $40M — up 16% from $34.4M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CBH and 1 opened new positions — a net loss of 5 holders — while 10 trimmed existing stakes and 9 added.
The largest buyer was Punch & Associates Investment Management, adding an estimated $954K. The largest seller was Raymond James & Associates, cutting an estimated $521K.
- 23 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q2 2020, down from 28 in Q1 2020.
- Funds reported $40M of Virtus Convertible & Income 2024 Target Term Fund stock for Q2 2020, up 16% quarter-over-quarter.
- 1 fund opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q2 2020 and 6 closed out, a net change of -5 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q2 2020 was Punch & Associates Investment Management, an estimated $954K added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q2 2020 was Raymond James & Associates, an estimated $521K sold.
Based on aggregated 13F filings for Q2 2020.