Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
17 hedge funds and large institutions have $35.8M invested in Virtus Convertible & Income 2024 Target Term Fund in 2018 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 4 reducing their positions, and 4 closing their positions.
125% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 4
13% more capital invested
Capital invested by funds: $31.6M → $35.8M (+$4.14M)
15% less funds holding
Funds holding: 20 → 17 (-3)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$3.95M |
| 2 |
Morgan Stanley
New York
|
+$1.01M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$582K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$511K |
| 5 |
WS
Wedbush Securities
Los Angeles,
California
|
+$252K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.39M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
-$707K |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$280K |
| 4 |
Squarepoint
New York
|
-$231K |
| 5 |
Bank of New York Mellon
New York
|
-$182K |
CBH Hedge Fund Activity: Q1 2018 in Review
17 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q1 2018, worth a combined $35.8M — up 13% from $31.6M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CBH and 1 opened new positions — a net loss of 3 holders — while 4 trimmed existing stakes and 9 added.
The largest buyer was Punch & Associates Investment Management, adding an estimated $3.95M. The largest seller was Rivernorth Capital Management, cutting an estimated $1.39M.
- 17 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q1 2018, down from 20 in Q4 2017.
- Funds reported $35.8M of Virtus Convertible & Income 2024 Target Term Fund stock for Q1 2018, up 13% quarter-over-quarter.
- 1 fund opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q1 2018 and 4 closed out, a net change of -3 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q1 2018 was Punch & Associates Investment Management, an estimated $3.95M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q1 2018 was Rivernorth Capital Management, an estimated $1.39M sold.
Based on aggregated 13F filings for Q1 2018.