Calamos Dynamic Convertible & Income Fund
CCD
31 hedge funds and large institutions have $71M invested in Calamos Dynamic Convertible & Income Fund in 2017 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 7 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
7% more capital invested
Capital invested by funds: $66.1M → $71M (+$4.9M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.38% less ownership
Funds ownership: 15.53% → 15.16% (-0.38%)
14% less funds holding
Funds holding: 36 → 31 (-5)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.85M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$709K |
| 3 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$552K |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$501K |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$462K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.47M |
| 2 |
Citigroup
New York
|
-$2.1M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$1.53M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$307K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$237K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
US Bancorp
Minneapolis,
Minnesota
| $53K | +$9.86K | +525 | +23% |
|
|
SF
27
Synovus Financial
Columbus,
Georgia
| $43K | -$4.17K | -222 | -9% |
|
|
WEC
28
Winslow Evans & Crocker
Boston,
Massachusetts
| $21.1K | +$2.33K | +124 | +13% |
|
|
WA
29
WFG Advisors
Dallas,
Texas
| $11K | – | – | – |
|
30
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $8K | +$7.89K | +420 | New |
|
|
AG
31
Advisor Group
Phoenix,
Arizona
| $4K | -$9.91K | -528 | -70% |
|
|
RCM
32
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$2.47M | -140,942 | Closed |
|
|
33
1832 Asset Management
Toronto,
Ontario, Canada
| – | -$1.53M | -84,342 | Closed |
|
|
BFM
34
Boothbay Fund Management
New York
| – | -$351 | -20,000 | Closed |
|
|
WAM
35
Weiss Asset Management
Boston,
Massachusetts
| – | -$237K | -13,541 | Closed |
|
|
VKH
36
Virtu KCG Holdings
New York
| – | -$209K | -11,948 | Closed |
|
|
OFG
37
OTA Financial Group
Purchase,
New York
| – | -$205K | -11,741 | Closed |
|
|
NFG
38
Next Financial Group
Houston,
Texas
| – | -$36K | -2,045 | Closed |
|
CCD Hedge Fund Activity: Q1 2017 in Review
31 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Calamos Dynamic Convertible & Income Fund (CCD) for Q1 2017, worth a combined $71M — up 7.4% from $66.1M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CCD and 3 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 15 added.
The largest buyer was Bank of America, adding an estimated $2.85M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $2.47M sold.
- 31 institutional investors held Calamos Dynamic Convertible & Income Fund (CCD) as of Q1 2017, down from 36 in Q4 2016.
- Funds reported $71M of Calamos Dynamic Convertible & Income Fund stock for Q1 2017, up 7.4% quarter-over-quarter.
- 3 funds opened new Calamos Dynamic Convertible & Income Fund positions in Q1 2017 and 7 closed out, a net change of -4 holders.
- The largest Calamos Dynamic Convertible & Income Fund buyer in Q1 2017 was Bank of America, an estimated $2.85M added.
- The largest Calamos Dynamic Convertible & Income Fund seller in Q1 2017 was Rivernorth Capital Management, an estimated $2.47M sold.
Based on aggregated 13F filings for Q1 2017.