Calamos Dynamic Convertible & Income Fund
CCD
36 hedge funds and large institutions have $66.1M invested in Calamos Dynamic Convertible & Income Fund in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 6 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
183% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 6
15.53% more ownership
Funds ownership: 0% → 15.53% (+16%)
10% more capital invested
Capital invested by funds: $60.1M → $66.1M (+$6.07M)
9% more funds holding
Funds holding: 33 → 36 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.5M |
| 2 |
Citigroup
New York
|
+$2.06M |
| 3 |
Morgan Stanley
New York
|
+$1.81M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$890K |
| 5 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$713K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
-$353K |
| 2 |
Wells Fargo
San Francisco,
California
|
-$320K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$310K |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$241K |
| 5 |
VKH
Virtu KCG Holdings
New York
|
-$232K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OFG
26
OTA Financial Group
Purchase,
New York
| $205K | +$208K | +11,741 | New |
|
|
IA
27
IFP Advisors
Tampa,
Florida
| $127K | – | – | – |
|
|
LTFS
28
Ladenburg Thalmann Financial Services
Miami,
Florida
| $110K | +$23.6K | +1,333 | +27% |
|
29
Creative Planning
Overland Park,
Kansas
| $53K | – | – | – |
|
|
SF
30
Synovus Financial
Columbus,
Georgia
| $44K | – | – | – |
|
31
US Bancorp
Minneapolis,
Minnesota
| $39K | -$6.38K | -360 | -14% |
|
|
NFG
32
Next Financial Group
Houston,
Texas
| $36K | – | – | – |
|
|
WEC
33
Winslow Evans & Crocker
Boston,
Massachusetts
| $17.1K | +$3.54K | +200 | +26% |
|
|
AG
34
Advisor Group
Phoenix,
Arizona
| $13K | – | – | – |
|
|
WA
35
WFG Advisors
Dallas,
Texas
| $10K | +$10.2K | +575 | New |
|
|
BFM
36
Boothbay Fund Management
New York
| $351 | +$354K | +20,000 | New |
|
|
NMC
37
Nine Masts Capital
Central,
Hong Kong
| – | -$353K | -19,000 | Closed |
|
|
WIC
38
Woodmont Investment Counsel
Nashville,
Tennessee
| – | -$15K | -800 | Closed |
|
CCD Hedge Fund Activity: Q4 2016 in Review
36 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Calamos Dynamic Convertible & Income Fund (CCD) for Q4 2016, worth a combined $66.1M — up 10% from $60.1M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new CCD positions and 2 closed out — a net gain of 4 holders — while 17 added to existing stakes and 6 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $2.5M. The largest seller was Nine Masts Capital, exiting entirely with an estimated $353K sold.
- 36 institutional investors held Calamos Dynamic Convertible & Income Fund (CCD) as of Q4 2016, up from 33 in Q3 2016.
- Funds reported $66.1M of Calamos Dynamic Convertible & Income Fund stock for Q4 2016, up 10% quarter-over-quarter.
- 6 funds opened new Calamos Dynamic Convertible & Income Fund positions in Q4 2016 and 2 closed out, a net change of +4 holders.
- The largest Calamos Dynamic Convertible & Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $2.5M added.
- The largest Calamos Dynamic Convertible & Income Fund seller in Q4 2016 was Nine Masts Capital, an estimated $353K sold.
Based on aggregated 13F filings for Q4 2016.