Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
33 hedge funds and large institutions have $46M invested in Virtus Convertible & Income 2024 Target Term Fund in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 12 increasing their positions, 11 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
18% more funds holding
Funds holding: 28 → 33 (+5)
9% more capital invested
Capital invested by funds: $42.3M → $46M (+$3.66M)
9% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.02M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$643K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$502K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$294K |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$232K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAS
Ameritas Advisory Services
Lincoln,
Nebraska
|
-$312K |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$283K |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$121K |
| 4 |
Morgan Stanley
New York
|
-$80.7K |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$72.6K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Rockefeller Capital Management
New York
| $101K | – | – | – |
|
27
Envestnet Asset Management
Chicago,
Illinois
| $92.2K | +$91.1K | +10,671 | New |
|
|
AW
28
Atlas Wealth
Cincinnati,
Ohio
| $89.6K | +$88.5K | +10,365 | New |
|
|
GWM
29
Geneos Wealth Management
Englewood,
Colorado
| $66.1K | +$59.3K | +6,937 | +978% |
|
|
NA
30
NewEdge Advisors
New Orleans,
Louisiana
| $25.9K | +$27.3K | +3,200 | New |
|
|
CA
31
CoreCap Advisors
Southfield,
Michigan
| $21.1K | +$20.8K | +2,440 | New |
|
|
FIA
32
FNY Investment Advisers
New York
| $5K | +$854 | +100 | +20% |
|
|
S
33
SignatureFD
Atlanta,
Georgia
| $1.07K | +$17 | +2 | +2% |
|
|
AAS
34
Ameritas Advisory Services
Lincoln,
Nebraska
| – | -$312K | -36,903 | Closed |
|
CBH Hedge Fund Activity: Q4 2022 in Review
33 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q4 2022, worth a combined $46M — up 8.6% from $42.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new CBH positions and 1 closed out — a net gain of 5 holders — while 12 added to existing stakes and 11 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.02M. The largest seller was Ameritas Advisory Services, exiting entirely with an estimated $312K sold.
- 33 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q4 2022, up from 28 in Q3 2022.
- Funds reported $46M of Virtus Convertible & Income 2024 Target Term Fund stock for Q4 2022, up 8.6% quarter-over-quarter.
- 6 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q4 2022 and 1 closed out, a net change of +5 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q4 2022 was Rivernorth Capital Management, an estimated $1.02M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q4 2022 was Ameritas Advisory Services, an estimated $312K sold.
Based on aggregated 13F filings for Q4 2022.