Convergys
CVG
CVG was delisted on the 4th of October, 2018.
261 hedge funds and large institutions have $2.29B invested in Convergys in 2017 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 91 increasing their positions, 100 reducing their positions, and 40 closing their positions.
13% more capital invested
Capital invested by funds: $2.02B → $2.29B (+$272M)
9% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 100
4% less funds holding
Funds holding: 271 → 261 (-10)
20% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 40
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$61.2M |
| 2 |
RA
Royce & Associates
New York
|
+$15.4M |
| 3 |
Goldman Sachs
New York
|
+$15M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.7M |
| 5 |
SCM
Sirios Capital Management
Boston,
Massachusetts
|
+$11.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$13.8M |
| 2 |
JP Morgan Chase
New York
|
-$12.6M |
| 3 |
Morgan Stanley
New York
|
-$12M |
| 4 |
Two Sigma Investments
New York
|
-$10.9M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$8.05M |
CVG Hedge Fund Activity: Q2 2017 in Review
261 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Convergys (CVG) for Q2 2017, worth a combined $2.29B — up 13% from $2.02B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of CVG and 32 opened new positions — a net loss of 8 holders — while 100 trimmed existing stakes and 91 added.
The largest buyer was AllianceBernstein, adding an estimated $61.2M. The largest seller was Millennium Management, cutting an estimated $13.8M.
- 261 institutional investors held Convergys (CVG) as of Q2 2017, down from 271 in Q1 2017.
- Funds reported $2.29B of Convergys stock for Q2 2017, up 13% quarter-over-quarter.
- 32 funds opened new Convergys positions in Q2 2017 and 40 closed out, a net change of -8 holders.
- The largest Convergys buyer in Q2 2017 was AllianceBernstein, an estimated $61.2M added.
- The largest Convergys seller in Q2 2017 was Millennium Management, an estimated $13.8M sold.
Based on aggregated 13F filings for Q2 2017.