Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
28 hedge funds and large institutions have $42.3M invested in Virtus Convertible & Income 2024 Target Term Fund in 2022 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 8 reducing their positions, and 2 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 8
28% more capital invested
Capital invested by funds: $33M → $42.3M (+$9.29M)
0% more funds holding
Funds holding: 28 → 28 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$9.46M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$907K |
| 3 |
Wells Fargo
San Francisco,
California
|
+$540K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$287K |
| 5 |
Morgan Stanley
New York
|
+$224K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
-$284K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$228K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$206K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$181K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$145K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
26
Geneos Wealth Management
Englewood,
Colorado
| $5K | – | – | – |
|
|
FIA
27
FNY Investment Advisers
New York
| $4K | – | – | – |
|
|
S
28
SignatureFD
Atlanta,
Georgia
| $1K | +$18 | +2 | +2% |
|
29
Invesco
Atlanta,
Georgia
| – | -$137K | -15,940 | Closed |
|
|
HNB
30
Huntington National Bank
Columbus,
Ohio
| – | -$22K | -2,596 | Closed |
|
CBH Hedge Fund Activity: Q3 2022 in Review
28 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q3 2022, worth a combined $42.3M — up 28% from $33M a quarter earlier.
Fund positioning in CBH was balanced in Q3 2022: 2 funds opened new positions, 2 closed out, 12 added to existing stakes and 8 trimmed.
The largest buyer was Punch & Associates Investment Management, opening a new position worth an estimated $9.46M. The largest seller was UBS Group, cutting an estimated $284K.
- 28 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q3 2022, unchanged from Q2 2022.
- Funds reported $42.3M of Virtus Convertible & Income 2024 Target Term Fund stock for Q3 2022, up 28% quarter-over-quarter.
- 2 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q3 2022 and 2 closed out, a net change of 0 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q3 2022 was Punch & Associates Investment Management, an estimated $9.46M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q3 2022 was UBS Group, an estimated $284K sold.
Based on aggregated 13F filings for Q3 2022.