Calamos Dynamic Convertible & Income Fund
CCD
28 hedge funds and large institutions have $51.1M invested in Calamos Dynamic Convertible & Income Fund in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 18 increasing their positions, 7 reducing their positions, and 8 closing their positions.
157% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 7
4.77% less ownership
Funds ownership: 14.93% → 10.16% (-4.8%)
22% less funds holding
Funds holding: 36 → 28 (-8)
30% less capital invested
Capital invested by funds: $72.9M → $51.1M (-$21.7M)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
QFA
Quattro Financial Advisors
The Woodlands,
Texas
|
+$2.45M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.51M |
| 3 |
Cohen & Steers
New York
|
+$917K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$800K |
| 5 |
Morgan Stanley
New York
|
+$684K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CWM
Calamos Wealth Management
Naperville,
Illinois
|
-$22.2M |
| 2 |
PAIM
Punch & Associates Investment Management
Edina,
Minnesota
|
-$5.4M |
| 3 |
OC
Oppenheimer & Co
New York
|
-$903K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$887K |
| 5 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$492K |
CCD Hedge Fund Activity: Q3 2017 in Review
28 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Calamos Dynamic Convertible & Income Fund (CCD) for Q3 2017, worth a combined $51.1M — down 30% from $72.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of CCD and 2 opened new positions — a net loss of 6 holders — while 7 trimmed existing stakes and 18 added.
The largest buyer was Quattro Financial Advisors, opening a new position worth an estimated $2.45M. The largest seller was Calamos Wealth Management, exiting entirely with an estimated $22.2M sold.
- 28 institutional investors held Calamos Dynamic Convertible & Income Fund (CCD) as of Q3 2017, down from 36 in Q2 2017.
- Funds reported $51.1M of Calamos Dynamic Convertible & Income Fund stock for Q3 2017, down 30% quarter-over-quarter.
- 2 funds opened new Calamos Dynamic Convertible & Income Fund positions in Q3 2017 and 8 closed out, a net change of -6 holders.
- The largest Calamos Dynamic Convertible & Income Fund buyer in Q3 2017 was Quattro Financial Advisors, an estimated $2.45M added.
- The largest Calamos Dynamic Convertible & Income Fund seller in Q3 2017 was Calamos Wealth Management, an estimated $22.2M sold.
Based on aggregated 13F filings for Q3 2017.