Calamos Convertible and High Income Fund
84 hedge funds and large institutions have $127M invested in Calamos Convertible and High Income Fund in 2014 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 23 increasing their positions, 33 reducing their positions, and 7 closing their positions.
57% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 7
2% more funds holding
Funds holding: 82 → 84 (+2)
0.01% more ownership
Funds ownership: 12.73% → 12.74% (+0.01%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $130M → $127M (-$3.2M)
30% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$2.02M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.35M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$990K |
| 4 |
Morgan Stanley
New York
|
+$378K |
| 5 |
Citigroup
New York
|
+$238K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWM
ParenteBeard Wealth Management
York,
Pennsylvania
|
-$2.75M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$896K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$820K |
| 4 |
Cohen & Steers
New York
|
-$741K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$474K |
CHY Hedge Fund Activity: Q4 2014 in Review
84 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible and High Income Fund (CHY) for Q4 2014, worth a combined $127M — down 2.5% from $130M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new CHY positions and 7 closed out — a net gain of 4 holders — while 23 added to existing stakes and 33 trimmed.
The largest buyer was Bank of America, adding an estimated $2.02M. The largest seller was ParenteBeard Wealth Management, cutting an estimated $2.75M.
- 84 institutional investors held Calamos Convertible and High Income Fund (CHY) as of Q4 2014, up from 82 in Q3 2014.
- Funds reported $127M of Calamos Convertible and High Income Fund stock for Q4 2014, down 2.5% quarter-over-quarter.
- 11 funds opened new Calamos Convertible and High Income Fund positions in Q4 2014 and 7 closed out, a net change of +4 holders.
- The largest Calamos Convertible and High Income Fund buyer in Q4 2014 was Bank of America, an estimated $2.02M added.
- The largest Calamos Convertible and High Income Fund seller in Q4 2014 was ParenteBeard Wealth Management, an estimated $2.75M sold.
Based on aggregated 13F filings for Q4 2014.