Calamos Convertible and High Income Fund
86 hedge funds and large institutions have $149M invested in Calamos Convertible and High Income Fund in 2014 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 34 increasing their positions, 18 reducing their positions, and 8 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 18
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
8% more capital invested
Capital invested by funds: $138M → $149M (+$11.3M)
2% more funds holding
Funds holding: 84 → 86 (+2)
0.19% less ownership
Funds ownership: 14.17% → 13.99% (-0.19%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.62M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$1.21M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.21M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.07M |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.69M |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$2.13M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.34M |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$941K |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$929K |
CHY Hedge Fund Activity: Q2 2014 in Review
86 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible and High Income Fund (CHY) for Q2 2014, worth a combined $149M — up 8.2% from $138M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new CHY positions and 8 closed out — a net gain of 2 holders — while 34 added to existing stakes and 18 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $3.62M. The largest seller was Royal Bank of Canada, cutting an estimated $7.69M.
- 86 institutional investors held Calamos Convertible and High Income Fund (CHY) as of Q2 2014, up from 84 in Q1 2014.
- Funds reported $149M of Calamos Convertible and High Income Fund stock for Q2 2014, up 8.2% quarter-over-quarter.
- 10 funds opened new Calamos Convertible and High Income Fund positions in Q2 2014 and 8 closed out, a net change of +2 holders.
- The largest Calamos Convertible and High Income Fund buyer in Q2 2014 was Morgan Stanley, an estimated $3.62M added.
- The largest Calamos Convertible and High Income Fund seller in Q2 2014 was Royal Bank of Canada, an estimated $7.69M sold.
Based on aggregated 13F filings for Q2 2014.