Change Healthcare Inc. Tangible Equity Units
CHNGU
CHNGU was delisted on the 29th of June, 2022.
31 hedge funds and large institutions have $211M invested in Change Healthcare Inc. Tangible Equity Units in 2020 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
15% more funds holding
Funds holding: 27 → 31 (+4)
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
8% more capital invested
Capital invested by funds: $196M → $211M (+$15.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$21.2M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$11.1M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
+$9.32M |
| 4 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$8.54M |
| 5 |
HCM
Highbridge Capital Management
New York
|
+$3.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$41.6M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$11.4M |
| 3 |
PC
Polar Capital
London,
United Kingdom
|
-$4.9M |
| 4 |
D.E. Shaw & Co
New York
|
-$4.75M |
| 5 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$3.43M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Goldman Sachs
New York
| $615K | +$624K | +14,005 | New |
|
|
CHAM
27
Clear Harbor Asset Management
Stamford,
Connecticut
| $373K | – | – | – |
|
|
CIM
28
Cowen Investment Management
New York
| $251K | – | – | – |
|
29
Invesco
Atlanta,
Georgia
| $220K | – | – | – |
|
30
UBS Group
Zurich,
Switzerland
| $94K | +$94.8K | +2,130 | New |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| $13K | +$13.4K | +300 | New |
|
32
Bank of Montreal
Toronto,
Ontario, Canada
| $1K | – | – | – |
|
|
NIMC
33
NWQ Investment Management Company
Los Angeles,
California
| $21 | – | – | – |
|
|
34
Allianz Asset Management
Munich,
Germany
| – | -$11.4M | -279,440 | Closed |
|
|
CS
35
Credit Suisse
Zurich,
Switzerland
| – | -$468K | -11,504 | Closed |
|
36
Millennium Management
New York
| – | -$202K | -4,836 | Closed |
|
37
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$176K | -4,325 | Closed |
|
|
CL
38
CSS LLC
Chicago,
Illinois
| – | -$4K | -84 | Closed |
|
CHNGU Hedge Fund Activity: Q2 2020 in Review
31 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Change Healthcare Inc. Tangible Equity Units (CHNGU) for Q2 2020, worth a combined $211M — up 7.9% from $196M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new CHNGU positions and 5 closed out — a net gain of 4 holders — while 9 added to existing stakes and 8 trimmed.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $21.2M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $41.6M.
- 31 institutional investors held Change Healthcare Inc. Tangible Equity Units (CHNGU) as of Q2 2020, up from 27 in Q1 2020.
- Funds reported $211M of Change Healthcare Inc. Tangible Equity Units stock for Q2 2020, up 7.9% quarter-over-quarter.
- 9 funds opened new Change Healthcare Inc. Tangible Equity Units positions in Q2 2020 and 5 closed out, a net change of +4 holders.
- The largest Change Healthcare Inc. Tangible Equity Units buyer in Q2 2020 was Wolverine Asset Management, an estimated $21.2M added.
- The largest Change Healthcare Inc. Tangible Equity Units seller in Q2 2020 was Manulife (Manufacturers Life Insurance), an estimated $41.6M sold.
Based on aggregated 13F filings for Q2 2020.