Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
28 hedge funds and large institutions have $33M invested in Virtus Convertible & Income 2024 Target Term Fund in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 12 reducing their positions, and 5 closing their positions.
7% less funds holding
Funds holding: 30 → 28 (-2)
23% less capital invested
Capital invested by funds: $42.8M → $33M (-$9.72M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
50% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2.17M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$336K |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$242K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$209K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$29.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$8.77M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$349K |
| 3 |
Morgan Stanley
New York
|
-$346K |
| 4 |
Invesco
Atlanta,
Georgia
|
-$211K |
| 5 |
Luther King Capital Management (LKCM)
Fort Worth,
Texas
|
-$168K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
26
Geneos Wealth Management
Englewood,
Colorado
| $6K | – | – | – |
|
|
FIA
27
FNY Investment Advisers
New York
| $4K | – | – | – |
|
|
S
28
SignatureFD
Atlanta,
Georgia
| $1K | +$9 | +1 | +0.8% |
|
|
PAIM
29
Punch & Associates Investment Management
Edina,
Minnesota
| – | -$8.77M | -939,219 | Closed |
|
|
30
Luther King Capital Management (LKCM)
Fort Worth,
Texas
| – | -$168K | -18,000 | Closed |
|
31
Osaic Holdings
Scottsdale,
Arizona
| – | -$47K | -5,000 | Closed |
|
32
Koshinski Asset Management
Decatur,
Illinois
| – | -$9.34K | -1,000 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$2K | -200 | Closed |
|
CBH Hedge Fund Activity: Q2 2022 in Review
28 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q2 2022, worth a combined $33M — down 23% from $42.8M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of CBH and 3 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 6 added.
The largest buyer was Advisors Asset Management, opening a new position worth an estimated $2.17M. The largest seller was Punch & Associates Investment Management, exiting entirely with an estimated $8.77M sold.
- 28 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q2 2022, down from 30 in Q1 2022.
- Funds reported $33M of Virtus Convertible & Income 2024 Target Term Fund stock for Q2 2022, down 23% quarter-over-quarter.
- 3 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q2 2022 and 5 closed out, a net change of -2 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q2 2022 was Advisors Asset Management, an estimated $2.17M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q2 2022 was Punch & Associates Investment Management, an estimated $8.77M sold.
Based on aggregated 13F filings for Q2 2022.