Change Healthcare Inc. Tangible Equity Units
CHNGU
CHNGU was delisted on the 29th of June, 2022.
22 hedge funds and large institutions have $312M 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: $299M → $312M (+$12.9M)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
27% less funds holding
Funds holding: 30 → 22 (-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 |
CHNGU Hedge Fund Activity: Q1 2021 in Review
22 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Change Healthcare Inc. Tangible Equity Units (CHNGU) for Q1 2021, worth a combined $312M — up 4.3% from $299M 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.
- 22 institutional investors held Change Healthcare Inc. Tangible Equity Units (CHNGU) as of Q1 2021, down from 30 in Q4 2020.
- Funds reported $312M of Change Healthcare Inc. Tangible Equity Units stock for Q1 2021, up 4.3% 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.