Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

CALAMOS CONV & HIGH INCOME F (CHY)

122 + Investors. Track Smart Money conviction in CHY. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -6
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — CHY

Based on 122 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their CHY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
122 funds currently hold this stock — 94% of the 3.0-year high of 130 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding CHY is almost the same as a year ago (+2 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 50% buying

55 buying55 selling
Last quarter: 55 funds bought or added vs 55 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~12 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 22 → 14 → 17 → 12. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 20% medium ■ 16% new
77 out of 122 hedge funds have held CHY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +4768% but shares only +78% — price-driven

Value
+4767%
Shares
+78%
Last quarter: the total dollar value of institutional holdings rose +4768%, but actual share count only changed +78%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📊

Peak discovery — momentum slowing

20 → 22 → 14 → 17 → 12 new funds/Q
New funds entering each quarter: 22 → 14 → 17 → 12. CHY is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 6% 1-2yr ■ 25% new
Of 122 current holders: 84 (69%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 99% AUM from top-100 funds

99% from top-100 AUM funds
11 of 122 holders are among the 100 largest funds by AUM, controlling 99% of total institutional value in CHY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: CHY

How many hedge funds hold CHY — quarterly history vs. share price
Quarterly hedge fund ownership of CHY vs. share price

Market Analysis: CHY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CHY

-- --
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

11 top-rated funds 0 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
1.3
/ 10
conviction
Hedge Fund Positioning: CHY
2026 Q1 Stats Unlock in 22 days 122 + Investors

Track Smart Money conviction in CHY. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 122 128 -4.69%
13F Shares 23M 13M 78.29%
Total Value $7.13B $146M 4767.53%
New Positions 12 17 -5
Increased Positions 43 44 -1
Closed Positions 18 19 -1
Reduced Positions 37 36 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CHY

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

122 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in CHY. Verified SEC 13F-HR filings.

Top 25 institutional holders of CHY — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 PMG Family Office LLC 1.10% 90,321 $984K
2 GREENBERG FINANCIAL GROUP 0.65% 144,293 $1.6M
3 DUMONT & BLAKE INVESTMENT ADVISORS LLC 0.60% 221,015 $2.4M
4 GREATMARK INVESTMENT PARTNERS, INC. 0.38% 296,195 $3.2M
5 Samalin Investment Counsel, LLC 0.22% 56,628 $617K
6 Cadent Capital Advisors, LLC 0.17% 62,000 $675K
7 Legacy Wealth Management, LLC / MS 0.16% 51,093 $556K
8 MKT Advisors LLC 0.12% 31,042 $354K
9 LifeWealth Investments, LLC 0.11% 34,993 $381K
10 MELFA WEALTH MANAGEMENT, INC. 0.11% 17,103 $186K
11 SOL Capital Management CO 0.10% 21,209 $216K
12 BURNS J W & CO INC/NY 0.08% 66,325 $722K
13 SHEETS SMITH WEALTH MANAGEMENT 0.03% 26,681 $291K
14 PFG Investments, LLC 0.03% 61,235 $667K
15 Mirador Capital Partners LP 0.03% 18,718 $204K
16 Marex Group plc 0.03% 92,613 $1.0M
17 Graves Light Lenhart Wealth, Inc. 0.03% 23,828 $259K
18 Oxbow Advisors, LLC 0.02% 17,500 $191K
19 KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% 111,144 $1.2M
20 Apollon Wealth Management, LLC 0.01% 48,999 $534K
21 WEDBUSH SECURITIES INC 0.01% 23,550 —
22 Stratos Wealth Partners, LTD. 0.01% 54,496 $593K
23 Prospera Financial Services Inc 0.00% 26,796 $292K
24 Spire Wealth Management 0.00% 12,462 $136K
25 OPPENHEIMER & CO INC 0.00% 26,251 $286K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — CALAMOS CONV & HIGH INCOME F (CHY)

What does the Smart Money Trend signal show for CHY?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their CHY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for CHY?

Slight buying edge — 50% buying: Last quarter: 55 funds bought or added vs 55 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for CHY holders?

Elite ownership — 99% AUM from top-100 funds: 11 of 122 holders are among the 100 largest funds by AUM, controlling 99% of total institutional value in CHY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held CHY?

63% of holders stayed for 2+ years: 77 out of 122 hedge funds have held CHY for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.