Change Healthcare Inc. Tangible Equity Units
CHNGU
CHNGU was delisted on the 29th of June, 2022.
33 hedge funds and large institutions have $247M invested in Change Healthcare Inc. Tangible Equity Units in 2019 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 16 closing their positions.
8% less funds holding
Funds holding: 36 → 33 (-3)
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
13% less capital invested
Capital invested by funds: $284M → $247M (-$36.7M)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$24.9M |
| 2 |
PC
Polar Capital
London,
United Kingdom
|
+$19.8M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
+$15.5M |
| 4 |
ES
Equitec Specialists
Chicago,
Illinois
|
+$13.2M |
| 5 |
BlackRock
New York
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Linden Advisors
New York
|
-$16.3M |
| 2 |
Barclays
London,
United Kingdom
|
-$16.2M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.2M |
| 4 |
JP Morgan Chase
New York
|
-$10.7M |
| 5 |
ACM
Advent Capital Management
New York
|
-$9.9M |
CHNGU Hedge Fund Activity: Q3 2019 in Review
33 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Change Healthcare Inc. Tangible Equity Units (CHNGU) for Q3 2019, worth a combined $247M — down 13% from $284M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of CHNGU and 13 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was AQR Arbitrage, opening a new position worth an estimated $24.9M. The largest seller was Linden Advisors, exiting entirely with an estimated $16.3M sold.
- 33 institutional investors held Change Healthcare Inc. Tangible Equity Units (CHNGU) as of Q3 2019, down from 36 in Q2 2019.
- Funds reported $247M of Change Healthcare Inc. Tangible Equity Units stock for Q3 2019, down 13% quarter-over-quarter.
- 13 funds opened new Change Healthcare Inc. Tangible Equity Units positions in Q3 2019 and 16 closed out, a net change of -3 holders.
- The largest Change Healthcare Inc. Tangible Equity Units buyer in Q3 2019 was AQR Arbitrage, an estimated $24.9M added.
- The largest Change Healthcare Inc. Tangible Equity Units seller in Q3 2019 was Linden Advisors, an estimated $16.3M sold.
Based on aggregated 13F filings for Q3 2019.