Calamos Convertible and High Income Fund
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
+$28.5M |
| 2 |
Morgan Stanley
New York
|
+$5.69M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$1.38M |
| 4 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$937K |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$804K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$17.8M |
| 2 |
CWM
Calamos Wealth Management
Naperville,
Illinois
|
-$2.44M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.3M |
| 4 |
OA
Oxbow Advisors
Austin,
Texas
|
-$1.2M |
| 5 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$1.03M |
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.