Calamos Convertible and High Income Fund
84 hedge funds and large institutions have $138M invested in Calamos Convertible and High Income Fund in 2014 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 31 increasing their positions, 28 reducing their positions, and 15 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 28
5% more capital invested
Capital invested by funds: $131M → $138M (+$6.38M)
0.08% more ownership
Funds ownership: 14.09% → 14.17% (+0.08%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
11% less funds holding
Funds holding: 94 → 84 (-10)
67% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.38M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.74M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$1.71M |
| 4 |
Morgan Stanley
New York
|
+$1.06M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$950K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$7.51M |
| 2 |
BC
Bartlett & Co
Cincinnati,
Ohio
|
-$1.24M |
| 3 |
DIA
Dean Investment Associates
Beavercreek,
Ohio
|
-$1.22M |
| 4 |
SG Americas Securities
New York
|
-$1.13M |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$912K |
CHY Hedge Fund Activity: Q1 2014 in Review
84 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible and High Income Fund (CHY) for Q1 2014, worth a combined $138M — up 4.9% from $131M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CHY and 5 opened new positions — a net loss of 10 holders — while 28 trimmed existing stakes and 31 added.
The largest buyer was Royal Bank of Canada, adding an estimated $6.38M. The largest seller was Rivernorth Capital Management, cutting an estimated $7.51M.
- 84 institutional investors held Calamos Convertible and High Income Fund (CHY) as of Q1 2014, down from 94 in Q4 2013.
- Funds reported $138M of Calamos Convertible and High Income Fund stock for Q1 2014, up 4.9% quarter-over-quarter.
- 5 funds opened new Calamos Convertible and High Income Fund positions in Q1 2014 and 15 closed out, a net change of -10 holders.
- The largest Calamos Convertible and High Income Fund buyer in Q1 2014 was Royal Bank of Canada, an estimated $6.38M added.
- The largest Calamos Convertible and High Income Fund seller in Q1 2014 was Rivernorth Capital Management, an estimated $7.51M sold.
Based on aggregated 13F filings for Q1 2014.