Calamos Convertible Opportunities and Income Fund
90 hedge funds and large institutions have $146M invested in Calamos Convertible Opportunities and Income Fund in 2017 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 33 increasing their positions, 23 reducing their positions, and 16 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 23
20% more capital invested
Capital invested by funds: $122M → $146M (+$24.7M)
1.81% more ownership
Funds ownership: 17.18% → 18.99% (+1.8%)
6% less funds holding
Funds holding: 96 → 90 (-6)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS Group
Zurich,
Switzerland
|
+$20.1M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$7.5M |
| 3 |
VIA
Vident Investment Advisory
Alpharetta,
Georgia
|
+$6.34M |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$1.29M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$661K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$11M |
| 2 |
Millennium Management
New York
|
-$3.44M |
| 3 |
Morgan Stanley
New York
|
-$1.89M |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$1.59M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$1.33M |
CHI Hedge Fund Activity: Q1 2017 in Review
90 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible Opportunities and Income Fund (CHI) for Q1 2017, worth a combined $146M — up 20% from $122M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of CHI and 12 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 33 added.
The largest buyer was UBS Group, adding an estimated $20.1M. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $11M sold.
- 90 institutional investors held Calamos Convertible Opportunities and Income Fund (CHI) as of Q1 2017, down from 96 in Q4 2016.
- Funds reported $146M of Calamos Convertible Opportunities and Income Fund stock for Q1 2017, up 20% quarter-over-quarter.
- 12 funds opened new Calamos Convertible Opportunities and Income Fund positions in Q1 2017 and 16 closed out, a net change of -4 holders.
- The largest Calamos Convertible Opportunities and Income Fund buyer in Q1 2017 was UBS Group, an estimated $20.1M added.
- The largest Calamos Convertible Opportunities and Income Fund seller in Q1 2017 was Rivernorth Capital Management, an estimated $11M sold.
Based on aggregated 13F filings for Q1 2017.