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CHNGU

Change Healthcare Inc. Tangible Equity Units
CHNGU

Delisted

CHNGU was delisted on the 29th of June, 2022.

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33 hedge funds and large institutions have $247M invested in Change Healthcare Inc. Tangible Equity Units in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less funds holding

Funds holding: 36 → 33 (-3)

11% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 9

13% less capital invested

Capital invested by funds: $284M → $247M (-$36.7M)

19% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 16

Holders
33
Holders Change
-3
Holders Change %
-8.33%
% of All Funds
0.72%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
13
Increased
8
Reduced
9
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
+$24.9M
2
PC
Polar Capital
United Kingdom
+$19.8M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$15.5M
4
ES
Equitec Specialists
Illinois
+$13.2M
5
BlackRock
BlackRock
New York
+$12.6M

Top Sellers

Rank Fund Capital Flow
1
LA
Linden Advisors
New York
-$16.3M
2
Barclays
Barclays
United Kingdom
-$16.2M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$11.2M
4
JP Morgan Chase
JP Morgan Chase
New York
-$10.7M
5
ACM
Advent Capital Management
New York
-$9.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCM
26
Palisade Capital Management
New Jersey
$1.43M +$1.6M +30,000 New
BCM
27
Bluefin Capital Management
New York
$426K +$477K +8,918 New
JP Morgan Chase
28
JP Morgan Chase
New York
$357K -$10.7M -199,512 -96%
Jane Street
29
Jane Street
New York
$297K -$6.62M -123,772 -95%
CHAM
30
Clear Harbor Asset Management
Connecticut
$296K +$332K +6,205 New
Invesco
31
Invesco
Georgia
$239K – – –
Deutsche Bank
32
Deutsche Bank
Germany
$206K +$231K +4,325 New
Morgan Stanley
33
Morgan Stanley
New York
$21K +$22.9K +428 New
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$1K – – –
LA
35
Linden Advisors
New York
– -$16.3M -290,000 Closed
Janus Henderson Group
36
Janus Henderson Group
United Kingdom
– -$9M -160,000 Closed
HI
37
HBK Investments
Texas
– -$7.88M -140,000 Closed
SC
38
Sculptor Capital
New York
– -$5.07M -90,000 Closed
AC
39
Aristeia Capital
Connecticut
– -$2.81M -50,000 Closed
Jennison Associates
40
Jennison Associates
New York
– -$2.81M -50,000 Closed
TCM
41
Tenor Capital Management
New York
– -$2.25M -40,000 Closed
Verition Fund Management
42
Verition Fund Management
Connecticut
– -$1.71M -30,313 Closed
SP
43
Steelhead Partners
Washington
– -$1.72M -30,000 Closed
Susquehanna International Group
44
Susquehanna International Group
Pennsylvania
– -$1.69M -30,000 Closed
Lazard Asset Management
45
Lazard Asset Management
New York
– -$1.41M -25,000 Closed
PAMP
46
Polar Asset Management Partners
Ontario, Canada
– -$1.12M -20,000 Closed
Bank of New York Mellon
47
Bank of New York Mellon
New York
– -$957K -17,000 Closed
CCM
48
Context Capital Management
California
– -$845K -15,000 Closed
AIM
49
Assured Investment Management
New York
– -$281K -5,000 Closed
MFM
50
Mohican Financial Management
Connecticut
– -$280K -5,000 Closed
1
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CHNGU Hedge Fund Activity: Q3 2019 in Review

33 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Change Healthcare Inc. Tangible Equity Units (CHNGU) for Q3 2019, worth a combined $247M — down 13% from $284M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of CHNGU and 13 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 8 added.

The largest buyer was AQR Arbitrage, opening a new position worth an estimated $24.9M. The largest seller was Linden Advisors, exiting entirely with an estimated $16.3M sold.

  • 33 institutional investors held Change Healthcare Inc. Tangible Equity Units (CHNGU) as of Q3 2019, down from 36 in Q2 2019.
  • Funds reported $247M of Change Healthcare Inc. Tangible Equity Units stock for Q3 2019, down 13% quarter-over-quarter.
  • 13 funds opened new Change Healthcare Inc. Tangible Equity Units positions in Q3 2019 and 16 closed out, a net change of -3 holders.
  • The largest Change Healthcare Inc. Tangible Equity Units buyer in Q3 2019 was AQR Arbitrage, an estimated $24.9M added.
  • The largest Change Healthcare Inc. Tangible Equity Units seller in Q3 2019 was Linden Advisors, an estimated $16.3M sold.

Based on aggregated 13F filings for Q3 2019.