Calamos Convertible and High Income Fund
82 hedge funds and large institutions have $137M invested in Calamos Convertible and High Income Fund in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 34 increasing their positions, 21 reducing their positions, and 10 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 21
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
5% less capital invested
Capital invested by funds: $144M → $137M (-$6.75M)
1.45% less ownership
Funds ownership: 17.39% → 15.95% (-1.4%)
4% less funds holding
Funds holding: 85 → 82 (-3)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.5M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$807K |
| 3 |
Cohen & Steers
New York
|
+$668K |
| 4 |
QFA
Quattro Financial Advisors
The Woodlands,
Texas
|
+$504K |
| 5 |
Morgan Stanley
New York
|
+$396K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$6.27M |
| 2 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$4.69M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.88M |
| 4 |
PWSG
Pacific Wealth Strategies Group
Santa Barbara,
California
|
-$1.67M |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$539K |
CHY Hedge Fund Activity: Q2 2017 in Review
82 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible and High Income Fund (CHY) for Q2 2017, worth a combined $137M — down 4.7% from $144M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of CHY and 7 opened new positions — a net loss of 3 holders — while 21 trimmed existing stakes and 34 added.
The largest buyer was Guggenheim Capital, adding an estimated $1.5M. The largest seller was LPL Financial, cutting an estimated $6.27M.
- 82 institutional investors held Calamos Convertible and High Income Fund (CHY) as of Q2 2017, down from 85 in Q1 2017.
- Funds reported $137M of Calamos Convertible and High Income Fund stock for Q2 2017, down 4.7% quarter-over-quarter.
- 7 funds opened new Calamos Convertible and High Income Fund positions in Q2 2017 and 10 closed out, a net change of -3 holders.
- The largest Calamos Convertible and High Income Fund buyer in Q2 2017 was Guggenheim Capital, an estimated $1.5M added.
- The largest Calamos Convertible and High Income Fund seller in Q2 2017 was LPL Financial, an estimated $6.27M sold.
Based on aggregated 13F filings for Q2 2017.