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 |
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.