Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
35 hedge funds and large institutions have $47.2M invested in Virtus Convertible & Income 2024 Target Term Fund in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
3% more funds holding
Funds holding: 34 → 35 (+1)
4% more capital invested
Capital invested by funds: $45.4M → $47.2M (+$1.79M)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$389K |
| 2 |
Wells Fargo
San Francisco,
California
|
+$233K |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$166K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$144K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$143K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$320K |
| 2 |
RFM
Royal Fund Management
Lady Lake,
Florida
|
-$143K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$88.5K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$86.7K |
| 5 |
Morgan Stanley
New York
|
-$79.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PVI
26
Pine Valley Investments
Marlton,
New Jersey
| $116K | – | – | – |
|
27
Rockefeller Capital Management
New York
| $101K | – | – | – |
|
28
Invesco
Atlanta,
Georgia
| $96.2K | +$95.8K | +11,164 | New |
|
29
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| $93K | -$18.4K | -2,149 | -17% |
|
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $92.9K | -$88.5K | -10,318 | -49% |
|
|
GWM
31
Geneos Wealth Management
Englewood,
Colorado
| $65.9K | – | – | – |
|
32
Osaic Holdings
Scottsdale,
Arizona
| $5.04K | – | – | – |
|
|
FIA
33
FNY Investment Advisers
New York
| $5K | – | – | – |
|
|
NA
34
NewEdge Advisors
New Orleans,
Louisiana
| $1.8K | +$34 | +4 | +2% |
|
|
S
35
SignatureFD
Atlanta,
Georgia
| $1.12K | +$17 | +2 | +2% |
|
|
RFM
36
Royal Fund Management
Lady Lake,
Florida
| – | -$143K | -16,610 | Closed |
|
CBH Hedge Fund Activity: Q2 2023 in Review
35 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q2 2023, worth a combined $47.2M — up 3.9% from $45.4M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new CBH positions and 1 closed out — a net gain of 1 holder — while 13 added to existing stakes and 13 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $389K. The largest seller was Punch & Associates Investment Management, cutting an estimated $320K.
- 35 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q2 2023, up from 34 in Q1 2023.
- Funds reported $47.2M of Virtus Convertible & Income 2024 Target Term Fund stock for Q2 2023, up 3.9% quarter-over-quarter.
- 2 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q2 2023 and 1 closed out, a net change of +1 holder.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q2 2023 was Rivernorth Capital Management, an estimated $389K added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q2 2023 was Punch & Associates Investment Management, an estimated $320K sold.
Based on aggregated 13F filings for Q2 2023.