Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
39 hedge funds and large institutions have $51.4M invested in Virtus Convertible & Income 2024 Target Term Fund in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
11% more funds holding
Funds holding: 35 → 39 (+4)
15% less capital invested
Capital invested by funds: $60.2M → $51.4M (-$8.75M)
27% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$1.99M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.18M |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$960K |
| 4 |
BHPW
Beverly Hills Private Wealth
Beverly Hills,
California
|
+$706K |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$322K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.4M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.67M |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$894K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$762K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$548K |
CBH Hedge Fund Activity: Q1 2024 in Review
39 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q1 2024, worth a combined $51.4M — down 15% from $60.2M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new CBH positions and 4 closed out — a net gain of 4 holders — while 11 added to existing stakes and 15 trimmed.
The largest buyer was Jane Street, opening a new position worth an estimated $1.99M. The largest seller was Morgan Stanley, cutting an estimated $10.4M.
- 39 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q1 2024, up from 35 in Q4 2023.
- Funds reported $51.4M of Virtus Convertible & Income 2024 Target Term Fund stock for Q1 2024, down 15% quarter-over-quarter.
- 8 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q1 2024 and 4 closed out, a net change of +4 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q1 2024 was Jane Street, an estimated $1.99M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q1 2024 was Morgan Stanley, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2024.