Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
27 hedge funds and large institutions have $45.1M invested in Virtus Convertible & Income 2024 Target Term Fund in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 6 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
7% more capital invested
Capital invested by funds: $42.1M → $45.1M (+$3M)
7% less funds holding
Funds holding: 29 → 27 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$674K |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$564K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$480K |
| 4 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$300K |
| 5 |
Invesco
Atlanta,
Georgia
|
+$298K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.02M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$321K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$235K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$182K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$127K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFSG
26
Newbridge Financial Services Group
Boca Raton,
Florida
| $26K | – | – | – |
|
|
SFS
27
Shaker Financial Services
Arlington,
Virginia
| – | -$1.02M | -102,651 | Closed |
|
|
LCM
28
Landscape Capital Management
Englewood,
New Jersey
| – | -$182K | -18,190 | Closed |
|
|
ACM
29
Arlington Capital Management
Arlington Heights,
Illinois
| – | -$100K | -10,038 | Closed |
|
|
WAM
30
Wolverine Asset Management
Chicago,
Illinois
| – | -$73K | -7,360 | Closed |
|
31
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$55K | -5,513 | Closed |
|
|
FIA
32
FNY Investment Advisers
New York
| – | -$15K | -1,569 | Closed |
|
33
Fidelity Investments
Boston,
Massachusetts
| – | +$10 | +1 | New |
|
CBH Hedge Fund Activity: Q1 2021 in Review
27 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q1 2021, worth a combined $45.1M — up 7.1% from $42.1M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CBH and 5 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 12 added.
The largest buyer was Morgan Stanley, adding an estimated $674K. The largest seller was Shaker Financial Services, exiting entirely with an estimated $1.02M sold.
- 27 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q1 2021, down from 29 in Q4 2020.
- Funds reported $45.1M of Virtus Convertible & Income 2024 Target Term Fund stock for Q1 2021, up 7.1% quarter-over-quarter.
- 5 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q1 2021 and 6 closed out, a net change of -1 holder.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q1 2021 was Morgan Stanley, an estimated $674K added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q1 2021 was Shaker Financial Services, an estimated $1.02M sold.
Based on aggregated 13F filings for Q1 2021.