Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
36 hedge funds and large institutions have $50.8M invested in Virtus Convertible & Income 2024 Target Term Fund in 2023 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 6 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
1% more capital invested
Capital invested by funds: $50M → $50.8M (+$732K)
5% less funds holding
Funds holding: 38 → 36 (-2)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.13M |
| 2 |
Morgan Stanley
New York
|
+$631K |
| 3 |
SG
StoneX Group
New York
|
+$622K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$508K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$311K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.02M |
| 2 |
CPIG
Chicago Partners Investment Group
Chicago,
Illinois
|
-$731K |
| 3 |
ACM
Arlington Capital Management
Arlington Heights,
Illinois
|
-$228K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$223K |
| 5 |
AW
Atlas Wealth
Cincinnati,
Ohio
|
-$196K |
CBH Hedge Fund Activity: Q4 2023 in Review
36 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q4 2023, worth a combined $50.8M — up 1.5% from $50M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of CBH and 4 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 11 added.
The largest buyer was Sit Investment Associates, adding an estimated $1.13M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $1.02M sold.
- 36 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q4 2023, down from 38 in Q3 2023.
- Funds reported $50.8M of Virtus Convertible & Income 2024 Target Term Fund stock for Q4 2023, up 1.5% quarter-over-quarter.
- 4 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q4 2023 and 6 closed out, a net change of -2 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q4 2023 was Sit Investment Associates, an estimated $1.13M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q4 2023 was Raymond James Financial Services Advisors, an estimated $1.02M sold.
Based on aggregated 13F filings for Q4 2023.