Calamos Convertible and High Income Fund
86 hedge funds and large institutions have $133M invested in Calamos Convertible and High Income Fund in 2020 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 32 increasing their positions, 26 reducing their positions, and 13 closing their positions.
26% more capital invested
Capital invested by funds: $105M → $133M (+$27.6M)
23% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 26
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.26% less ownership
Funds ownership: 16.25% → 15.99% (-0.26%)
8% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 13
2% less funds holding
Funds holding: 88 → 86 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.4M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.1M |
| 3 |
DA
Doliver Advisors
Houston,
Texas
|
+$975K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$945K |
| 5 |
22CM
20/20 Capital Management
Costa Mesa,
California
|
+$847K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisory
Hunt Valley,
Maryland
|
-$6.62M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$1.71M |
| 3 |
Osaic Holdings
Scottsdale,
Arizona
|
-$525K |
| 4 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$507K |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$457K |
CHY Hedge Fund Activity: Q2 2020 in Review
86 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Calamos Convertible and High Income Fund (CHY) for Q2 2020, worth a combined $133M — up 26% from $105M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of CHY and 12 opened new positions — a net loss of 1 holder — while 26 trimmed existing stakes and 32 added.
The largest buyer was Bank of America, adding an estimated $3.4M. The largest seller was Cornerstone Advisory, cutting an estimated $6.62M.
- 86 institutional investors held Calamos Convertible and High Income Fund (CHY) as of Q2 2020, down from 88 in Q1 2020.
- Funds reported $133M of Calamos Convertible and High Income Fund stock for Q2 2020, up 26% quarter-over-quarter.
- 12 funds opened new Calamos Convertible and High Income Fund positions in Q2 2020 and 13 closed out, a net change of -1 holder.
- The largest Calamos Convertible and High Income Fund buyer in Q2 2020 was Bank of America, an estimated $3.4M added.
- The largest Calamos Convertible and High Income Fund seller in Q2 2020 was Cornerstone Advisory, an estimated $6.62M sold.
Based on aggregated 13F filings for Q2 2020.