Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
29 hedge funds and large institutions have $42.1M invested in Virtus Convertible & Income 2024 Target Term Fund in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
12% more funds holding
Funds holding: 26 → 29 (+3)
9% more capital invested
Capital invested by funds: $38.5M → $42.1M (+$3.56M)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$540K |
| 2 |
CWS
Cypress Wealth Services
Palm Desert,
California
|
+$188K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$171K |
| 4 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$94.6K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$94.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
-$485K |
| 2 |
SPIA
Steward Partners Investment Advisory
New York
|
-$484K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$424K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$392K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$158K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Rockefeller Capital Management
New York
| $29K | – | – | – |
|
|
NFSG
27
Newbridge Financial Services Group
Boca Raton,
Florida
| $25K | – | – | – |
|
|
FIA
28
FNY Investment Advisers
New York
| $15K | +$14.8K | +1,569 | New |
|
29
Millennium Management
New York
| – | -$391 | -44,476 | Closed |
|
|
CRC
30
Curi RMB Capital
Chicago,
Illinois
| – | -$158K | -17,911 | Closed |
|
31
Barclays
London,
United Kingdom
| – | -$26K | -2,677 | Closed |
|
|
WEC
32
Winslow Evans & Crocker
Boston,
Massachusetts
| – | -$22.8K | -2,420 | -7% |
|
CBH Hedge Fund Activity: Q4 2020 in Review
29 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q4 2020, worth a combined $42.1M — up 9.2% from $38.5M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new CBH positions and 3 closed out — a net gain of 3 holders — while 7 added to existing stakes and 12 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $540K. The largest seller was Stifel Financial, cutting an estimated $485K.
- 29 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q4 2020, up from 26 in Q3 2020.
- Funds reported $42.1M of Virtus Convertible & Income 2024 Target Term Fund stock for Q4 2020, up 9.2% quarter-over-quarter.
- 6 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q4 2020 and 3 closed out, a net change of +3 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q4 2020 was Morgan Stanley, an estimated $540K added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q4 2020 was Stifel Financial, an estimated $485K sold.
Based on aggregated 13F filings for Q4 2020.