Virtus Convertible & Income 2024 Target Term Fund
CBH
CBH was delisted on the 26th of August, 2024.
37 hedge funds and large institutions have $58M invested in Virtus Convertible & Income 2024 Target Term Fund in 2024 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 10 closing their positions.
13% more capital invested
Capital invested by funds: $51.4M → $58M (+$6.59M)
5% less funds holding
Funds holding: 39 → 37 (-2)
20% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 10
21% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Almitas Capital
Santa Monica,
California
|
+$2.42M |
| 2 |
Jane Street
New York
|
+$2.18M |
| 3 |
BHPW
Beverly Hills Private Wealth
Beverly Hills,
California
|
+$1.61M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$631K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$558K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$958K |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$521K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$398K |
| 4 |
Morgan Stanley
New York
|
-$351K |
| 5 |
TA
TFB Advisors
Overland Park,
Kansas
|
-$328K |
CBH Hedge Fund Activity: Q2 2024 in Review
37 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Virtus Convertible & Income 2024 Target Term Fund (CBH) for Q2 2024, worth a combined $58M — up 13% from $51.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of CBH and 8 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 11 added.
The largest buyer was Almitas Capital, opening a new position worth an estimated $2.42M. The largest seller was Advisors Asset Management, exiting entirely with an estimated $958K sold.
- 37 institutional investors held Virtus Convertible & Income 2024 Target Term Fund (CBH) as of Q2 2024, down from 39 in Q1 2024.
- Funds reported $58M of Virtus Convertible & Income 2024 Target Term Fund stock for Q2 2024, up 13% quarter-over-quarter.
- 8 funds opened new Virtus Convertible & Income 2024 Target Term Fund positions in Q2 2024 and 10 closed out, a net change of -2 holders.
- The largest Virtus Convertible & Income 2024 Target Term Fund buyer in Q2 2024 was Almitas Capital, an estimated $2.42M added.
- The largest Virtus Convertible & Income 2024 Target Term Fund seller in Q2 2024 was Advisors Asset Management, an estimated $958K sold.
Based on aggregated 13F filings for Q2 2024.