Calamos Convertible and High Income Fund
103 hedge funds and large institutions have $114M invested in Calamos Convertible and High Income Fund in 2015 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 21 increasing their positions, 40 reducing their positions, and 13 closing their positions.
92% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 13
11% more funds holding
Funds holding: 93 → 103 (+10)
7% more capital invested
Capital invested by funds: $107M → $114M (+$7.24M)
1.5% more ownership
Funds ownership: 13.56% → 15.06% (+1.5%)
48% less repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 40
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$5.94M |
| 2 |
Morgan Stanley
New York
|
+$3.05M |
| 3 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
+$2.93M |
| 4 |
CWM
Calamos Wealth Management
Naperville,
Illinois
|
+$2.31M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JWM
Jacobus Wealth Management
Milwaukee,
Wisconsin
|
-$3.12M |
| 2 |
DA
Doliver Advisors
Houston,
Texas
|
-$2.99M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$2.08M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.88M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.7M |
CHY Hedge Fund Activity: Q4 2015 in Review
103 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible and High Income Fund (CHY) for Q4 2015, worth a combined $114M — up 6.8% from $107M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new CHY positions and 13 closed out — a net gain of 12 holders — while 21 added to existing stakes and 40 trimmed.
The largest buyer was LPL Financial, adding an estimated $5.94M. The largest seller was Jacobus Wealth Management, cutting an estimated $3.12M.
- 103 institutional investors held Calamos Convertible and High Income Fund (CHY) as of Q4 2015, up from 93 in Q3 2015.
- Funds reported $114M of Calamos Convertible and High Income Fund stock for Q4 2015, up 6.8% quarter-over-quarter.
- 25 funds opened new Calamos Convertible and High Income Fund positions in Q4 2015 and 13 closed out, a net change of +12 holders.
- The largest Calamos Convertible and High Income Fund buyer in Q4 2015 was LPL Financial, an estimated $5.94M added.
- The largest Calamos Convertible and High Income Fund seller in Q4 2015 was Jacobus Wealth Management, an estimated $3.12M sold.
Based on aggregated 13F filings for Q4 2015.