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CHY

Calamos Convertible and High Income Fund
CHY

85 hedge funds and large institutions have $144M invested in Calamos Convertible and High Income Fund in 2017 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 34 increasing their positions, 21 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

62% more repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 21

22% more capital invested

Capital invested by funds: $118M → $144M (+$25.8M)

1.99% more ownership

Funds ownership: 15.4% → 17.39% (+2%)

10% less funds holding

Funds holding: 94 → 85 (-9)

47% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 17

Holders
85
Holders Change
-9
Holders Change %
-9.57%
% of All Funds
2.12%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
9
Increased
34
Reduced
21
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CA
Cornerstone Advisory
Maryland
+$28.5M
2
Morgan Stanley
Morgan Stanley
New York
+$5.69M
3
Ameriprise
Ameriprise
Minnesota
+$1.38M
4
SIA
Sit Investment Associates
Minnesota
+$937K
5
Bank of America
Bank of America
North Carolina
+$804K

Top Sellers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
-$17.8M
2
CWM
Calamos Wealth Management
Illinois
-$2.44M
3
UBS Group
UBS Group
Switzerland
-$2.3M
4
OA
Oxbow Advisors
Texas
-$1.2M
5
ICOA
Investment Centers of America
North Dakota
-$1.03M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
51
Private Advisor Group
New Jersey
$148K +$12.9K +1,162 +10%
MML Investors Services
52
MML Investors Services
Massachusetts
$148K +$145K +12,987 New
IH
53
IFC Holdings
Florida
$146K +$143K +12,870 New
ASN
54
Advisory Services Network
Georgia
$138K +$135K +12,127 New
Baird Financial Group
55
Baird Financial Group
Wisconsin
$135K – – –
MIC
56
Meridian Investment Counsel
California
$131K – – –
Truist Financial
57
Truist Financial
North Carolina
$131K +$2.81K +252 +2%
BRC
58
Bell Rock Capital
Delaware
$127K – – –
CG
59
Cutler Group
California
$124K – – –
AW
60
ACG Wealth
Georgia
$123K +$120K +10,770 New
TNBTD
61
Trustmark National Bank Trust Department
Mississippi
$116K – – –
BC
62
Bartlett & Co
Ohio
$105K – – –
Creative Planning
63
Creative Planning
Kansas
$104K +$12.1K +1,084 +13%
CPIG
64
Chicago Partners Investment Group
Illinois
$75K – – –
US Bancorp
65
US Bancorp
Minnesota
$68K – – –
DADC
66
D.A. Davidson & Co
Montana
$64K -$6.04K -542 -9%
PNC Financial Services Group
67
PNC Financial Services Group
Pennsylvania
$62K -$5.92K -531 -9%
NFG
68
Next Financial Group
Texas
$47K +$34.3K +3,078 +334%
GWM
69
Geneos Wealth Management
Colorado
$39K – – –
BKA
70
Brick & Kyle Associates
Pennsylvania
$32K – – –
WB
71
Webster Bank
Connecticut
$31K – – –
MFW
72
Mosaic Family Wealth
Missouri
$22K – – –
EWM
73
Endurance Wealth Management
Rhode Island
$17K -$3.04K -273 -15%
AIM
74
Anchor Investment Management
South Carolina
$14.8K – – –
CFA
75
Carroll Financial Associates
North Carolina
$14K – – –
1 2
3
4

CHY Hedge Fund Activity: Q1 2017 in Review

85 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible and High Income Fund (CHY) for Q1 2017, worth a combined $144M — up 22% from $118M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of CHY and 9 opened new positions — a net loss of 8 holders — while 21 trimmed existing stakes and 34 added.

The largest buyer was Cornerstone Advisory, adding an estimated $28.5M. The largest seller was Rivernorth Capital Management, cutting an estimated $17.8M.

  • 85 institutional investors held Calamos Convertible and High Income Fund (CHY) as of Q1 2017, down from 94 in Q4 2016.
  • Funds reported $144M of Calamos Convertible and High Income Fund stock for Q1 2017, up 22% quarter-over-quarter.
  • 9 funds opened new Calamos Convertible and High Income Fund positions in Q1 2017 and 17 closed out, a net change of -8 holders.
  • The largest Calamos Convertible and High Income Fund buyer in Q1 2017 was Cornerstone Advisory, an estimated $28.5M added.
  • The largest Calamos Convertible and High Income Fund seller in Q1 2017 was Rivernorth Capital Management, an estimated $17.8M sold.

Based on aggregated 13F filings for Q1 2017.