Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
26 hedge funds and large institutions have $38.5M invested in Virtus Convertible & Income 2024 Target Term Fund in 2020 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
13% more funds holding
Funds holding: 23 → 26 (+3)
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
4% less capital invested
Capital invested by funds: $40M → $38.5M (-$1.44M)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $176K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
+$1.34M |
| 2 |
Millennium Management
New York
|
+$403K |
| 3 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$301K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$211K |
| 5 |
Morgan Stanley
New York
|
+$194K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$1.59M |
| 2 |
SPIA
Steward Partners Investment Advisory
New York
|
-$562K |
| 3 |
KWM
Kingsview Wealth Management
Grants Pass,
Oregon
|
-$483K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$406K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$208K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Millennium Management
New York
| $391 | +$403K | +44,476 | New |
|
|
27
Invesco
Atlanta,
Georgia
| – | -$1.59M | -178,834 | Closed |
|
|
KWM
28
Kingsview Wealth Management
Grants Pass,
Oregon
| – | -$483K | -54,350 | Closed |
|
|
CWS
29
Cypress Wealth Services
Palm Desert,
California
| – | -$181K | -20,000 | Closed |
|
|
SF
30
Synovus Financial
Columbus,
Georgia
| – | -$35K | -3,965 | Closed |
|
CBH Hedge Fund Activity: Q3 2020 in Review
26 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q3 2020, worth a combined $38.5M — down 3.6% from $40M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new CBH positions and 4 closed out — a net gain of 3 holders — while 7 added to existing stakes and 7 trimmed.
The largest buyer was Shaker Financial Services, opening a new position worth an estimated $1.34M. The largest seller was Invesco, exiting entirely with an estimated $1.59M sold.
- 26 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q3 2020, up from 23 in Q2 2020.
- Funds reported $38.5M of Virtus Convertible & Income 2024 Target Term Fund stock for Q3 2020, down 3.6% quarter-over-quarter.
- 7 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q3 2020 and 4 closed out, a net change of +3 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q3 2020 was Shaker Financial Services, an estimated $1.34M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q3 2020 was Invesco, an estimated $1.59M sold.
Based on aggregated 13F filings for Q3 2020.