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 |
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.