Change Healthcare Inc. Tangible Equity Units
CHNGU
CHNGU was delisted on the 29th of June, 2022.
24 hedge funds and large institutions have $178M invested in Change Healthcare Inc. Tangible Equity Units in 2021 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
14% more funds holding
Funds holding: 21 → 24 (+3)
13% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 8
42% less capital invested
Capital invested by funds: $307M → $178M (-$129M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
+$9.63M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$4.22M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$3.82M |
| 4 |
Jane Street
New York
|
+$778K |
| 5 |
Millennium Management
New York
|
+$311K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$31.7M |
| 2 |
ES
Equitec Specialists
Chicago,
Illinois
|
-$21.2M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$9.63M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$7.7M |
| 5 |
BlackRock
New York
|
-$2.25M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Bank of Montreal
Toronto,
Ontario, Canada
| $1K | +$1.46K | +19 | New |
|
|
ES
27
Equitec Specialists
Chicago,
Illinois
| – | -$21.2M | -283,319 | Closed |
|
|
WAM
28
Warberg Asset Management
Winnetka,
Illinois
| – | -$645K | -8,616 | Closed |
|
CHNGU Hedge Fund Activity: Q2 2021 in Review
24 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Change Healthcare Inc. Tangible Equity Units (CHNGU) for Q2 2021, worth a combined $178M — down 42% from $307M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new CHNGU positions and 2 closed out — a net gain of 3 holders — while 7 added to existing stakes and 8 trimmed.
The largest buyer was Polar Capital Holdings, adding an estimated $9.63M. The largest seller was Wolverine Asset Management, cutting an estimated $31.7M.
- 24 institutional investors held Change Healthcare Inc. Tangible Equity Units (CHNGU) as of Q2 2021, up from 21 in Q1 2021.
- Funds reported $178M of Change Healthcare Inc. Tangible Equity Units stock for Q2 2021, down 42% quarter-over-quarter.
- 5 funds opened new Change Healthcare Inc. Tangible Equity Units positions in Q2 2021 and 2 closed out, a net change of +3 holders.
- The largest Change Healthcare Inc. Tangible Equity Units buyer in Q2 2021 was Polar Capital Holdings, an estimated $9.63M added.
- The largest Change Healthcare Inc. Tangible Equity Units seller in Q2 2021 was Wolverine Asset Management, an estimated $31.7M sold.
Based on aggregated 13F filings for Q2 2021.