Change Healthcare Inc. Tangible Equity Units
CHNGU
CHNGU was delisted on the 29th of June, 2022.
27 hedge funds and large institutions have $196M invested in Change Healthcare Inc. Tangible Equity Units in 2020 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 10 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
18% less funds holding
Funds holding: 33 → 27 (-6)
43% less capital invested
Capital invested by funds: $343M → $196M (-$147M)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$16M |
| 2 |
ACM
Advent Capital Management
New York
|
+$15.4M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$14.8M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$5.29M |
| 5 |
SG Americas Securities
New York
|
+$3.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
-$39.4M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$12.4M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
-$12.1M |
| 4 |
PC
Polar Capital
London,
United Kingdom
|
-$10.6M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$5.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $176K | – | – | – |
|
|
NIMC
27
NWQ Investment Management Company
Los Angeles,
California
| $18K | – | – | – |
|
|
CL
28
CSS LLC
Chicago,
Illinois
| $4K | -$2.73M | -51,628 | -100% |
|
29
Bank of Montreal
Toronto,
Ontario, Canada
| $1K | – | – | – |
|
|
30
Parallax Volatility Advisers
San Francisco,
California
| – | -$39.4M | -655,950 | Closed |
|
|
WAM
31
Wolverine Asset Management
Chicago,
Illinois
| – | -$12.4M | -206,876 | Closed |
|
|
32
Janus Henderson Group
London,
United Kingdom
| – | -$12.1M | -201,050 | Closed |
|
|
ES
33
Equitec Specialists
Chicago,
Illinois
| – | -$5.26M | -87,742 | Closed |
|
|
BCM
34
BlueCrest Capital Management
St Helier,
Jersey
| – | -$4.5M | -74,942 | Closed |
|
35
Goldman Sachs
New York
| – | -$2.86M | -47,671 | Closed |
|
36
Barclays
London,
United Kingdom
| – | -$1.77M | -29,576 | Closed |
|
37
Citigroup
New York
| – | -$1.76M | -29,352 | Closed |
|
38
Jane Street
New York
| – | -$420K | -7,007 | Closed |
|
|
TRCT
39
Tower Research Capital (TRC)
New York
| – | -$73K | -1,211 | Closed |
|
CHNGU Hedge Fund Activity: Q1 2020 in Review
27 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Change Healthcare Inc. Tangible Equity Units (CHNGU) for Q1 2020, worth a combined $196M — down 43% from $343M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of CHNGU and 4 opened new positions — a net loss of 6 holders — while 7 trimmed existing stakes and 8 added.
The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $16M. The largest seller was Parallax Volatility Advisers, exiting entirely with an estimated $39.4M sold.
- 27 institutional investors held Change Healthcare Inc. Tangible Equity Units (CHNGU) as of Q1 2020, down from 33 in Q4 2019.
- Funds reported $196M of Change Healthcare Inc. Tangible Equity Units stock for Q1 2020, down 43% quarter-over-quarter.
- 4 funds opened new Change Healthcare Inc. Tangible Equity Units positions in Q1 2020 and 10 closed out, a net change of -6 holders.
- The largest Change Healthcare Inc. Tangible Equity Units buyer in Q1 2020 was Manulife (Manufacturers Life Insurance), an estimated $16M added.
- The largest Change Healthcare Inc. Tangible Equity Units seller in Q1 2020 was Parallax Volatility Advisers, an estimated $39.4M sold.
Based on aggregated 13F filings for Q1 2020.