Change Healthcare Inc. Tangible Equity Units
CHNGU
CHNGU was delisted on the 29th of June, 2022.
21 hedge funds and large institutions have $307M invested in Change Healthcare Inc. Tangible Equity Units in 2021 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 12 closing their positions.
4% more capital invested
Capital invested by funds: $295M → $307M (+$12.2M)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
28% less funds holding
Funds holding: 29 → 21 (-8)
67% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
+$31.6M |
| 2 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$16.7M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$15.4M |
| 4 |
D.E. Shaw & Co
New York
|
+$14.1M |
| 5 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$6.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$26.3M |
| 2 |
ACM
Advent Capital Management
New York
|
-$25.8M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$22.7M |
| 4 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$7.1M |
| 5 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$5.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Lord, Abbett & Co
Jersey City,
New Jersey
| – | -$7.1M | -110,782 | Closed |
|
|
SIM
27
SSI Investment Management
Los Angeles,
California
| – | -$5.48M | -84,305 | Closed |
|
|
PI
28
Putnam Investments
Boston,
Massachusetts
| – | -$4.68M | -72,317 | Closed |
|
29
Wellington Management Group
Boston,
Massachusetts
| – | -$3.46M | -54,067 | Closed |
|
|
ICM
30
III Capital Management
Boca Raton,
Florida
| – | -$3.25M | -50,000 | Closed |
|
31
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$2.55M | -39,815 | Closed |
|
32
Mirae Asset Global Investments
Seoul,
South Korea
| – | -$2.17M | -33,860 | Closed |
|
33
Goldman Sachs
New York
| – | -$897K | -14,005 | Closed |
|
|
CHAM
34
Clear Harbor Asset Management
Stamford,
Connecticut
| – | -$544K | -8,495 | Closed |
|
|
VF
35
Virtu Financial
New York
| – | -$279K | -4,356 | Closed |
|
36
Morgan Stanley
New York
| – | -$316K | -4,040 | -100% |
|
CHNGU Hedge Fund Activity: Q1 2021 in Review
21 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Change Healthcare Inc. Tangible Equity Units (CHNGU) for Q1 2021, worth a combined $307M — up 4.1% from $295M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of CHNGU and 4 opened new positions — a net loss of 8 holders — while 6 trimmed existing stakes and 6 added.
The largest buyer was Polar Capital Holdings, adding an estimated $31.6M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $26.3M sold.
- 21 institutional investors held Change Healthcare Inc. Tangible Equity Units (CHNGU) as of Q1 2021, down from 29 in Q4 2020.
- Funds reported $307M of Change Healthcare Inc. Tangible Equity Units stock for Q1 2021, up 4.1% quarter-over-quarter.
- 4 funds opened new Change Healthcare Inc. Tangible Equity Units positions in Q1 2021 and 12 closed out, a net change of -8 holders.
- The largest Change Healthcare Inc. Tangible Equity Units buyer in Q1 2021 was Polar Capital Holdings, an estimated $31.6M added.
- The largest Change Healthcare Inc. Tangible Equity Units seller in Q1 2021 was AQR Arbitrage, an estimated $26.3M sold.
Based on aggregated 13F filings for Q1 2021.