Calamos Convertible and High Income Fund
88 hedge funds and large institutions have $105M invested in Calamos Convertible and High Income Fund in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 32 increasing their positions, 25 reducing their positions, and 17 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 25
0.35% more ownership
Funds ownership: 15.9% → 16.25% (+0.35%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 94 → 88 (-6)
18% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 17
21% less capital invested
Capital invested by funds: $133M → $105M (-$27.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.07M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2M |
| 3 |
Morgan Stanley
New York
|
+$1.64M |
| 4 |
Cohen & Steers
New York
|
+$1.09M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$983K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$1.32M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.13M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$625K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$593K |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$524K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFA
101
Carroll Financial Associates
Charlotte,
North Carolina
| – | -$10K | -880 | Closed |
|
102
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$5K | -448 | Closed |
|
|
PA
103
PSI Advisors
Tampa,
Florida
| – | -$3K | -323 | Closed |
|
104
Fidelity Investments
Boston,
Massachusetts
| – | +$32 | +3 | New |
|
CHY Hedge Fund Activity: Q1 2020 in Review
88 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible and High Income Fund (CHY) for Q1 2020, worth a combined $105M — down 21% from $133M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of CHY and 14 opened new positions — a net loss of 3 holders — while 25 trimmed existing stakes and 32 added.
The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $2.07M. The largest seller was Cornerstone Advisory, cutting an estimated $1.32M.
- 88 institutional investors held Calamos Convertible and High Income Fund (CHY) as of Q1 2020, down from 94 in Q4 2019.
- Funds reported $105M of Calamos Convertible and High Income Fund stock for Q1 2020, down 21% quarter-over-quarter.
- 14 funds opened new Calamos Convertible and High Income Fund positions in Q1 2020 and 17 closed out, a net change of -3 holders.
- The largest Calamos Convertible and High Income Fund buyer in Q1 2020 was Parametric Portfolio Associates, an estimated $2.07M added.
- The largest Calamos Convertible and High Income Fund seller in Q1 2020 was Cornerstone Advisory, an estimated $1.32M sold.
Based on aggregated 13F filings for Q1 2020.