Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
34 hedge funds and large institutions have $45.4M invested in Virtus Convertible & Income 2024 Target Term Fund in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 14 reducing their positions, and 1 closing their positions.
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
3% more funds holding
Funds holding: 33 → 34 (+1)
1% less capital invested
Capital invested by funds: $46M → $45.4M (-$535K)
36% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$706K |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$527K |
| 3 |
Morgan Stanley
New York
|
+$369K |
| 4 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
+$204K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$150K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$334K |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$187K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$149K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$129K |
| 5 |
BRWA
B. Riley Wealth Advisors
Boca Raton,
Florida
|
-$106K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Rockefeller Capital Management
New York
| $101K | – | – | – |
|
|
AW
27
Atlas Wealth
Cincinnati,
Ohio
| $89.3K | – | – | – |
|
|
GWM
28
Geneos Wealth Management
Englewood,
Colorado
| $65.9K | – | – | – |
|
29
Osaic Holdings
Scottsdale,
Arizona
| $5.04K | +$5.18K | +585 | New |
|
|
FIA
30
FNY Investment Advisers
New York
| $5K | – | – | – |
|
|
NA
31
NewEdge Advisors
New Orleans,
Louisiana
| $1.77K | -$26.5K | -2,995 | -94% |
|
|
S
32
SignatureFD
Atlanta,
Georgia
| $1.1K | +$35 | +4 | +3% |
|
33
Commonwealth Equity Services
Waltham,
Massachusetts
| $981 | -$42K | -4,750 | -4% |
|
34
Envestnet Asset Management
Chicago,
Illinois
| – | -$92.2K | -10,671 | Closed |
|
|
PVI
35
Pine Valley Investments
Marlton,
New Jersey
| – | +$119K | +13,451 | New |
|
CBH Hedge Fund Activity: Q1 2023 in Review
34 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q1 2023, worth a combined $45.4M — down 1.2% from $46M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new CBH positions and 1 closed out — a net gain of 2 holders — while 9 added to existing stakes and 14 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $706K. The largest seller was Punch & Associates Investment Management, cutting an estimated $334K.
- 34 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q1 2023, up from 33 in Q4 2022.
- Funds reported $45.4M of Virtus Convertible & Income 2024 Target Term Fund stock for Q1 2023, down 1.2% quarter-over-quarter.
- 3 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q1 2023 and 1 closed out, a net change of +2 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q1 2023 was Raymond James Financial Services Advisors, an estimated $706K added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q1 2023 was Punch & Associates Investment Management, an estimated $334K sold.
Based on aggregated 13F filings for Q1 2023.