Calamos Dynamic Convertible & Income Fund
CCD
34 hedge funds and large institutions have $54M invested in Calamos Dynamic Convertible & Income Fund in 2016 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 19 increasing their positions, 5 reducing their positions, and 11 closing their positions.
280% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 5
13% more capital invested
Capital invested by funds: $47.6M → $54M (+$6.36M)
8% less funds holding
Funds holding: 37 → 34 (-3)
27% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 11
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Calamos Wealth Management
Naperville,
Illinois
|
+$5.29M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
+$4M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$3.06M |
| 4 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$924K |
| 5 |
Morgan Stanley
New York
|
+$839K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citigroup
New York
|
-$2.6M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.53M |
| 3 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$1.42M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$1.12M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.01M |
CCD Hedge Fund Activity: Q1 2016 in Review
34 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Calamos Dynamic Convertible & Income Fund (CCD) for Q1 2016, worth a combined $54M — up 13% from $47.6M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of CCD and 8 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 19 added.
The largest buyer was Calamos Wealth Management, adding an estimated $5.29M. The largest seller was Citigroup, cutting an estimated $2.6M.
- 34 institutional investors held Calamos Dynamic Convertible & Income Fund (CCD) as of Q1 2016, down from 37 in Q4 2015.
- Funds reported $54M of Calamos Dynamic Convertible & Income Fund stock for Q1 2016, up 13% quarter-over-quarter.
- 8 funds opened new Calamos Dynamic Convertible & Income Fund positions in Q1 2016 and 11 closed out, a net change of -3 holders.
- The largest Calamos Dynamic Convertible & Income Fund buyer in Q1 2016 was Calamos Wealth Management, an estimated $5.29M added.
- The largest Calamos Dynamic Convertible & Income Fund seller in Q1 2016 was Citigroup, an estimated $2.6M sold.
Based on aggregated 13F filings for Q1 2016.