Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
38 hedge funds and large institutions have $50M invested in Virtus Convertible & Income 2024 Target Term Fund in 2023 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 15 increasing their positions, 10 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 10
9% more funds holding
Funds holding: 35 → 38 (+3)
6% more capital invested
Capital invested by funds: $47.2M → $50M (+$2.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$1.24M |
| 2 |
Morgan Stanley
New York
|
+$304K |
| 3 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$255K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$183K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Rockefeller Capital Management
New York
|
-$101K |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$89.3K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$75.5K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$60.1K |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$43.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CL
26
CSS LLC
Chicago,
Illinois
| $120K | +$119K | +13,659 | New |
|
|
PVI
27
Pine Valley Investments
Marlton,
New Jersey
| $118K | – | – | – |
|
28
Invesco
Atlanta,
Georgia
| $102K | +$3.89K | +447 | +4% |
|
|
OFG
29
OmniStar Financial Group
Wilmington,
North Carolina
| $97.2K | +$96.4K | +11,074 | New |
|
30
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| $94K | – | – | – |
|
|
SPIA
31
Steward Partners Investment Advisory
New York
| $92.9K | -$43.3K | -4,973 | -32% |
|
|
GWM
32
Geneos Wealth Management
Englewood,
Colorado
| $67.1K | – | – | – |
|
33
Osaic Holdings
Scottsdale,
Arizona
| $11.5K | +$6.28K | +721 | +123% |
|
|
KHC
34
Koesten Hirschmann & Crabtree
Overland Park,
Kansas
| $8.78K | +$8.71K | +1,000 | New |
|
35
JP Morgan Chase
New York
| $5.82K | +$5.77K | +663 | New |
|
|
FIA
36
FNY Investment Advisers
New York
| $5K | – | – | – |
|
|
NA
37
NewEdge Advisors
New Orleans,
Louisiana
| $1.83K | – | – | – |
|
|
S
38
SignatureFD
Atlanta,
Georgia
| $1.16K | +$17 | +2 | +2% |
|
|
39
Rockefeller Capital Management
New York
| – | -$101K | -11,750 | Closed |
|
CBH Hedge Fund Activity: Q3 2023 in Review
38 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q3 2023, worth a combined $50M — up 5.9% from $47.2M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new CBH positions and 1 closed out — a net gain of 3 holders — while 15 added to existing stakes and 10 trimmed.
The largest buyer was Punch & Associates Investment Management, adding an estimated $1.24M. The largest seller was Rockefeller Capital Management, exiting entirely with an estimated $101K sold.
- 38 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q3 2023, up from 35 in Q2 2023.
- Funds reported $50M of Virtus Convertible & Income 2024 Target Term Fund stock for Q3 2023, up 5.9% quarter-over-quarter.
- 4 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q3 2023 and 1 closed out, a net change of +3 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q3 2023 was Punch & Associates Investment Management, an estimated $1.24M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q3 2023 was Rockefeller Capital Management, an estimated $101K sold.
Based on aggregated 13F filings for Q3 2023.