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CHY

Calamos Convertible and High Income Fund
CHY

94 hedge funds and large institutions have $118M invested in Calamos Convertible and High Income Fund in 2016 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 21 increasing their positions, 31 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 10

12% more capital invested

Capital invested by funds: $105M → $118M (+$12.6M)

7% more funds holding

Funds holding: 88 → 94 (+6)

2.16% more ownership

Funds ownership: 13.24% → 15.4% (+2.2%)

32% less repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 31

Holders
94
Holders Change
+6
Holders Change %
+6.82%
% of All Funds
2.35%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
19
Increased
21
Reduced
31
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$18.6M
2
LCM
Laurion Capital Management
New York
+$582K
3
VKH
Virtu KCG Holdings
New York
+$364K
4
ICOA
Investment Centers of America
North Dakota
+$319K
5
OFG
OTA Financial Group
New York
+$231K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.92M
2
JWM
Jacobus Wealth Management
Wisconsin
-$1.1M
3
Bank of America
Bank of America
North Carolina
-$792K
4
Wells Fargo
Wells Fargo
California
-$688K
5
LPL Financial
LPL Financial
California
-$561K
Name Holding Trade Value Shares
Change 		Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$644K +$6.09K +577 +1%
CA
27
Cetera Advisors
Colorado
$611K +$43.5K +4,125 +8%
Citigroup
28
Citigroup
New York
$586K +$57.6K +5,464 +11%
LCM
29
Laurion Capital Management
New York
$582K +$582K +55,199 New
KA
30
Klingman & Associates
New York
$537K -$10.5K -1,000 -2%
Stifel Financial
31
Stifel Financial
Missouri
$467K -$38K -3,601 -7%
HCM
32
Hollencrest Capital Management
California
$450K +$46.4K +4,400 +11%
OC
33
Oarsman Capital
Wisconsin
$406K +$27.4K +2,597 +7%
Commonwealth Equity Services
34
Commonwealth Equity Services
Massachusetts
$398K -$101K -9,594 -20%
TCM
35
Traynor Capital Management
Pennsylvania
$388K -$109K -10,372 -23%
SSWM
36
Sheets Smith Wealth Management
North Carolina
$367K +$1.59K +151 +0.4%
VKH
37
Virtu KCG Holdings
New York
$364K +$364K +34,523 New
LTFS
38
Ladenburg Thalmann Financial Services
Florida
$344K -$29.9K -2,837 -8%
MIG
39
Mariner Investment Group
New York
$327K +$24.3K +2,306 +8%
MFS
40
MSI Financial Services
Massachusetts
$281K +$101K +9,603 +56%
Cambridge Investment Research Advisors
41
Cambridge Investment Research Advisors
Iowa
$243K -$32K -3,033 -12%
NPC
42
National Planning Corporation
California
$238K -$22.9K -2,173 -9%
OFG
43
OTA Financial Group
New York
$231K +$231K +21,896 New
WAM
44
Weiss Asset Management
Massachusetts
$228K +$228K +21,596 New
SFS
45
Shaker Financial Services
Virginia
$224K -$53.6K -5,083 -19%
Squarepoint
46
Squarepoint
New York
$211K +$211K +20,000 New
Millennium Management
47
Millennium Management
New York
$189K +$189K +17,910 New
PA
48
Planning Alternatives
Michigan
$173K – – –
CWM
49
Concert Wealth Management
California
$168K -$4.42K -419 -3%
CAN
50
Cetera Advisor Networks
California
$167K -$143K -13,535 -46%
1
2
3 4 5

CHY Hedge Fund Activity: Q4 2016 in Review

94 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible and High Income Fund (CHY) for Q4 2016, worth a combined $118M — up 12% from $105M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new CHY positions and 10 closed out — a net gain of 9 holders — while 21 added to existing stakes and 31 trimmed.

The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $18.6M. The largest seller was Morgan Stanley, cutting an estimated $2.92M.

  • 94 institutional investors held Calamos Convertible and High Income Fund (CHY) as of Q4 2016, up from 88 in Q3 2016.
  • Funds reported $118M of Calamos Convertible and High Income Fund stock for Q4 2016, up 12% quarter-over-quarter.
  • 19 funds opened new Calamos Convertible and High Income Fund positions in Q4 2016 and 10 closed out, a net change of +9 holders.
  • The largest Calamos Convertible and High Income Fund buyer in Q4 2016 was Rivernorth Capital Management, an estimated $18.6M added.
  • The largest Calamos Convertible and High Income Fund seller in Q4 2016 was Morgan Stanley, an estimated $2.92M sold.

Based on aggregated 13F filings for Q4 2016.