Calamos Convertible and High Income Fund
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
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
Bismarck,
North Dakota
|
+$319K |
| 5 |
OFG
OTA Financial Group
Purchase,
New York
|
+$231K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.92M |
| 2 |
JWM
Jacobus Wealth Management
Milwaukee,
Wisconsin
|
-$1.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$792K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$688K |
| 5 |
LPL Financial
San Diego,
California
|
-$561K |
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.