Convergys
CVG
CVG was delisted on the 4th of October, 2018.
290 hedge funds and large institutions have $2.29B invested in Convergys in 2016 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 111 increasing their positions, 97 reducing their positions, and 41 closing their positions.
14% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 97
7% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 41
0% more funds holding
Funds holding: 290 → 290 (0)
21% less capital invested
Capital invested by funds: $2.89B → $2.29B (-$598M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$19.4M |
| 2 |
Millennium Management
New York
|
+$14.8M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$14.7M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$13.9M |
| 5 |
Goldman Sachs
New York
|
+$13.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$43.5M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$40.7M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$22.5M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$22M |
| 5 |
BA
Boston Advisors
Boston,
Massachusetts
|
-$16.9M |
CVG Hedge Fund Activity: Q4 2016 in Review
290 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Convergys (CVG) for Q4 2016, worth a combined $2.29B — down 21% from $2.89B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new CVG positions and 41 closed out — a net gain of 3 holders — while 111 added to existing stakes and 97 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $19.4M. The largest seller was Fort Washington Investment Advisors, cutting an estimated $43.5M.
- 290 institutional investors held Convergys (CVG) as of Q4 2016, unchanged from Q3 2016.
- Funds reported $2.29B of Convergys stock for Q4 2016, down 21% quarter-over-quarter.
- 44 funds opened new Convergys positions in Q4 2016 and 41 closed out, a net change of +3 holders.
- The largest Convergys buyer in Q4 2016 was Morgan Stanley, an estimated $19.4M added.
- The largest Convergys seller in Q4 2016 was Fort Washington Investment Advisors, an estimated $43.5M sold.
Based on aggregated 13F filings for Q4 2016.