Convergys
CVG
CVG was delisted on the 4th of October, 2018.
236 hedge funds and large institutions have $2.05B invested in Convergys in 2018 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 68 increasing their positions, 83 reducing their positions, and 52 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
8% less funds holding
Funds holding: 256 → 236 (-20)
12% less capital invested
Capital invested by funds: $2.32B → $2.05B (-$267M)
18% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 83
31% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 52
56% less call options, than puts
Call options by funds: $728K | Put options by funds: $1.66M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$49.8M |
| 2 |
QCMA
Quad Capital Management Advisors
New York
|
+$36.2M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$34.9M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$24.2M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$23.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EM
Elliott Management
New York
|
-$110M |
| 2 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$106M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$81.8M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$57.9M |
| 5 |
JP Morgan Chase
New York
|
-$57.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
276
Loomis, Sayles & Company
Boston,
Massachusetts
| – | -$36K | -1,482 | Closed |
|
|
MYIA
277
Mount Yale Investment Advisors
Denver,
Colorado
| – | -$18K | -747 | Closed |
|
278
Envestnet Asset Management
Chicago,
Illinois
| – | -$9K | -395 | Closed |
|
279
Acadian Asset Management
Boston,
Massachusetts
| – | -$7K | -305 | Closed |
|
|
HS
280
Horan Securities
Cincinnati,
United States
| – | -$5K | -200 | Closed |
|
|
OSNBOA
281
Old Second National Bank of Aurora
Aurora,
Illinois
| – | -$5K | -198 | Closed |
|
|
SFM
282
Signet Financial Management
Parsippany,
New Jersey
| – | -$4K | -160 | Closed |
|
283
SEI Investments
Oaks,
Pennsylvania
| – | -$2K | -92 | Closed |
|
|
APA
284
American Portfolios Advisors
Holbrook,
New York
| – | -$1.03K | -42 | Closed |
|
285
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$1K | -42 | Closed |
|
286
Parallax Volatility Advisers
San Francisco,
California
| – | -$1K | -27 | Closed |
|
|
VCM
287
Versant Capital Management
Phoenix,
Arizona
| – | +$173 | +7 | New |
|
288
Fidelity International
Hamilton,
Bermuda
| – | +$297 | +12 | New |
|
CVG Hedge Fund Activity: Q3 2018 in Review
236 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Convergys (CVG) for Q3 2018, worth a combined $2.05B — down 12% from $2.32B a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of CVG and 36 opened new positions — a net loss of 16 holders — while 83 trimmed existing stakes and 68 added.
The largest buyer was Magnetar Financial, adding an estimated $49.8M. The largest seller was Elliott Management, exiting entirely with an estimated $110M sold.
- 236 institutional investors held Convergys (CVG) as of Q3 2018, down from 256 in Q2 2018.
- Funds reported $2.05B of Convergys stock for Q3 2018, down 12% quarter-over-quarter.
- 36 funds opened new Convergys positions in Q3 2018 and 52 closed out, a net change of -16 holders.
- The largest Convergys buyer in Q3 2018 was Magnetar Financial, an estimated $49.8M added.
- The largest Convergys seller in Q3 2018 was Elliott Management, an estimated $110M sold.
Based on aggregated 13F filings for Q3 2018.