Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
23 hedge funds and large institutions have $45.8M invested in Virtus Convertible & Income 2024 Target Term Fund in 2018 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
28% more funds holding
Funds holding: 18 → 23 (+5)
7% more capital invested
Capital invested by funds: $43M → $45.8M (+$2.84M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.22M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$2.35M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.59M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$951K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$747K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.37M |
| 2 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$194K |
| 3 |
MSAM
Moloney Securities Asset Management
Manchester,
Missouri
|
-$141K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$87.8K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$72K |
CBH Hedge Fund Activity: Q4 2018 in Review
23 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q4 2018, worth a combined $45.8M — up 6.6% from $43M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new CBH positions and 1 closed out — a net gain of 5 holders — while 10 added to existing stakes and 6 trimmed.
The largest buyer was Rivernorth Capital Management, adding an estimated $3.22M. The largest seller was Morgan Stanley, cutting an estimated $1.37M.
- 23 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q4 2018, up from 18 in Q3 2018.
- Funds reported $45.8M of Virtus Convertible & Income 2024 Target Term Fund stock for Q4 2018, up 6.6% quarter-over-quarter.
- 6 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q4 2018 and 1 closed out, a net change of +5 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $3.22M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q4 2018 was Morgan Stanley, an estimated $1.37M sold.
Based on aggregated 13F filings for Q4 2018.