Calamos Convertible and High Income Fund
94 hedge funds and large institutions have $107M invested in Calamos Convertible and High Income Fund in 2016 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 37 reducing their positions, and 16 closing their positions.
0.72% less ownership
Funds ownership: 15.06% → 14.34% (-0.72%)
6% less capital invested
Capital invested by funds: $114M → $107M (-$7.15M)
9% less funds holding
Funds holding: 103 → 94 (-9)
19% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 37
44% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
+$3.38M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.91M |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$1.62M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.6M |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$1.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$5.09M |
| 2 |
TFA
Transamerica Financial Advisors
St. Petersburg,
Florida
|
-$2.8M |
| 3 |
Squarepoint
New York
|
-$1.18M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.03M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$926K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MC
101
Matisse Capital
Portland,
Oregon
| – | -$399K | -37,957 | Closed |
|
|
CRC
102
Curi RMB Capital
Chicago,
Illinois
| – | -$378K | -35,948 | Closed |
|
|
WAM
103
Wolverine Asset Management
Chicago,
Illinois
| – | -$350K | -33,350 | Closed |
|
104
Wellington Management Group
Boston,
Massachusetts
| – | -$206K | -19,600 | Closed |
|
105
Goldman Sachs
New York
| – | -$140K | -13,281 | Closed |
|
|
FAAS
106
First Allied Advisory Services
San Diego,
California
| – | -$128K | -12,190 | Closed |
|
|
AFP
107
Ausdal Financial Partners
Davenport,
Iowa
| – | -$11K | -1,011 | Closed |
|
|
HR
108
Howe & Rusling
Rochester,
New York
| – | -$11K | -1,000 | Closed |
|
|
WAS
109
Winch Advisory Services
Appleton,
Wisconsin
| – | -$7K | -688 | Closed |
|
|
AWMS
110
Advocacy Wealth Management Services
Atlanta,
Georgia
| – | -$5K | -500 | Closed |
|
|
FWM
111
Focused Wealth Management
Newburgh,
New York
| – | -$5K | -500 | Closed |
|
CHY Hedge Fund Activity: Q1 2016 in Review
94 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible and High Income Fund (CHY) for Q1 2016, worth a combined $107M — down 6.3% from $114M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of CHY and 9 opened new positions — a net loss of 7 holders — while 37 trimmed existing stakes and 30 added.
The largest buyer was American International Group, adding an estimated $3.38M. The largest seller was Morgan Stanley, cutting an estimated $5.09M.
- 94 institutional investors held Calamos Convertible and High Income Fund (CHY) as of Q1 2016, down from 103 in Q4 2015.
- Funds reported $107M of Calamos Convertible and High Income Fund stock for Q1 2016, down 6.3% quarter-over-quarter.
- 9 funds opened new Calamos Convertible and High Income Fund positions in Q1 2016 and 16 closed out, a net change of -7 holders.
- The largest Calamos Convertible and High Income Fund buyer in Q1 2016 was American International Group, an estimated $3.38M added.
- The largest Calamos Convertible and High Income Fund seller in Q1 2016 was Morgan Stanley, an estimated $5.09M sold.
Based on aggregated 13F filings for Q1 2016.