Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
25 hedge funds and large institutions have $43.8M invested in Virtus Convertible & Income 2024 Target Term Fund in 2021 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 13 increasing their positions, 6 reducing their positions, and 4 closing their positions.
117% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 6
1% less capital invested
Capital invested by funds: $44.3M → $43.8M (-$521K)
4% less funds holding
Funds holding: 26 → 25 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$895K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$341K |
| 3 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
+$315K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
+$286K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$535K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$248K |
| 3 |
SPIA
Steward Partners Investment Advisory
New York
|
-$188K |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$128K |
| 5 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$72K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Creative Planning
Overland Park,
Kansas
| – | -$128K | -12,375 | Closed |
|
|
HI
27
Harbour Investments
Madison,
Wisconsin
| – | -$72K | -7,000 | Closed |
|
|
AWA
28
Arkadios Wealth Advisors
Atlanta,
Georgia
| – | -$52K | -5,093 | Closed |
|
|
FIA
29
FNY Investment Advisers
New York
| – | -$8K | -800 | Closed |
|
CBH Hedge Fund Activity: Q4 2021 in Review
25 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q4 2021, worth a combined $43.8M — down 1.2% from $44.3M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CBH and 3 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 13 added.
The largest buyer was Commonwealth Equity Services, adding an estimated $895K. The largest seller was Wells Fargo, cutting an estimated $535K.
- 25 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q4 2021, down from 26 in Q3 2021.
- Funds reported $43.8M of Virtus Convertible & Income 2024 Target Term Fund stock for Q4 2021, down 1.2% quarter-over-quarter.
- 3 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q4 2021 and 4 closed out, a net change of -1 holder.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q4 2021 was Commonwealth Equity Services, an estimated $895K added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q4 2021 was Wells Fargo, an estimated $535K sold.
Based on aggregated 13F filings for Q4 2021.