Change Healthcare Inc. Tangible Equity Units
CHNGU
CHNGU was delisted on the 29th of June, 2022.
28 hedge funds and large institutions have $244M invested in Change Healthcare Inc. Tangible Equity Units in 2020 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 4 closing their positions.
16% more capital invested
Capital invested by funds: $211M → $244M (+$33M)
10% less funds holding
Funds holding: 31 → 28 (-3)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$7.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.72M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.98M |
| 4 |
BlackRock
New York
|
+$1.74M |
| 5 |
MA
MUFG Americas
New York
|
+$1.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
-$6M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$3.3M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.2M |
| 4 |
ICM
III Capital Management
Boca Raton,
Florida
|
-$2.16M |
| 5 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$2.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Invesco
Atlanta,
Georgia
| $267K | – | – | – |
|
|
NIMC
27
NWQ Investment Management Company
Los Angeles,
California
| $253K | – | – | – |
|
28
Morgan Stanley
New York
| $103K | -$1.92M | -40,000 | -95% |
|
29
UBS Group
Zurich,
Switzerland
| $58K | -$50.4K | -1,051 | -49% |
|
30
Bank of Montreal
Toronto,
Ontario, Canada
| $6K | – | – | – |
|
|
HCM
31
Highbridge Capital Management
New York
| – | -$3.3M | -75,032 | Closed |
|
|
ICM
32
III Capital Management
Boca Raton,
Florida
| – | -$2.16M | -50,000 | Closed |
|
|
CIM
33
Cowen Investment Management
New York
| – | -$251K | -5,800 | Closed |
|
|
TRCT
34
Tower Research Capital (TRC)
New York
| – | -$13K | -300 | Closed |
|
CHNGU Hedge Fund Activity: Q3 2020 in Review
28 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Change Healthcare Inc. Tangible Equity Units (CHNGU) for Q3 2020, worth a combined $244M — up 16% from $211M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of CHNGU and 1 opened new positions — a net loss of 3 holders — while 11 trimmed existing stakes and 9 added.
The largest buyer was D.E. Shaw & Co, adding an estimated $7.2M. The largest seller was Parallax Volatility Advisers, cutting an estimated $6M.
- 28 institutional investors held Change Healthcare Inc. Tangible Equity Units (CHNGU) as of Q3 2020, down from 31 in Q2 2020.
- Funds reported $244M of Change Healthcare Inc. Tangible Equity Units stock for Q3 2020, up 16% quarter-over-quarter.
- 1 fund opened new Change Healthcare Inc. Tangible Equity Units positions in Q3 2020 and 4 closed out, a net change of -3 holders.
- The largest Change Healthcare Inc. Tangible Equity Units buyer in Q3 2020 was D.E. Shaw & Co, an estimated $7.2M added.
- The largest Change Healthcare Inc. Tangible Equity Units seller in Q3 2020 was Parallax Volatility Advisers, an estimated $6M sold.
Based on aggregated 13F filings for Q3 2020.