Change Healthcare Inc. Tangible Equity Units
CHNGU
CHNGU was delisted on the 29th of June, 2022.
29 hedge funds and large institutions have $295M invested in Change Healthcare Inc. Tangible Equity Units in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
21% more capital invested
Capital invested by funds: $244M → $295M (+$50.4M)
4% more funds holding
Funds holding: 28 → 29 (+1)
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$6.53M |
| 2 |
D.E. Shaw & Co
New York
|
+$5.9M |
| 3 |
ACM
Advent Capital Management
New York
|
+$5.12M |
| 4 |
SIM
SSI Investment Management
Los Angeles,
California
|
+$4.51M |
| 5 |
ICM
III Capital Management
Boca Raton,
Florida
|
+$2.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$8.85M |
| 2 |
ES
Equitec Specialists
Chicago,
Illinois
|
-$6.73M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$6.49M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
-$4.5M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$3.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Invesco
Atlanta,
Georgia
| $320K | – | – | – |
|
|
N
27
Nuveen
Charlotte,
North Carolina
| $302K | – | – | – |
|
|
VF
28
Virtu Financial
New York
| $279K | +$257K | +4,356 | New |
|
29
Morgan Stanley
New York
| $261K | +$124K | +2,098 | +108% |
|
30
Royal Bank of Canada
Toronto,
Ontario, Canada
| $54K | – | – | – |
|
31
UBS Group
Zurich,
Switzerland
| $9K | -$55K | -933 | -86% |
|
32
Bank of Montreal
Toronto,
Ontario, Canada
| $7K | – | – | – |
|
|
33
Parallax Volatility Advisers
San Francisco,
California
| – | -$4.5M | -84,325 | Closed |
|
|
MA
34
MUFG Americas
New York
| – | -$2.42M | -46,084 | Closed |
|
CHNGU Hedge Fund Activity: Q4 2020 in Review
29 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Change Healthcare Inc. Tangible Equity Units (CHNGU) for Q4 2020, worth a combined $295M — up 21% from $244M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new CHNGU positions and 2 closed out — a net gain of 2 holders — while 8 added to existing stakes and 8 trimmed.
The largest buyer was Lord, Abbett & Co, opening a new position worth an estimated $6.53M. The largest seller was Ameriprise, cutting an estimated $8.85M.
- 29 institutional investors held Change Healthcare Inc. Tangible Equity Units (CHNGU) as of Q4 2020, up from 28 in Q3 2020.
- Funds reported $295M of Change Healthcare Inc. Tangible Equity Units stock for Q4 2020, up 21% quarter-over-quarter.
- 4 funds opened new Change Healthcare Inc. Tangible Equity Units positions in Q4 2020 and 2 closed out, a net change of +2 holders.
- The largest Change Healthcare Inc. Tangible Equity Units buyer in Q4 2020 was Lord, Abbett & Co, an estimated $6.53M added.
- The largest Change Healthcare Inc. Tangible Equity Units seller in Q4 2020 was Ameriprise, an estimated $8.85M sold.
Based on aggregated 13F filings for Q4 2020.