Calamos ETF Tr (CPNS) Hedge Fund Ownership (Q2 2026)

Q: Is it too late to buy Calamos ETF Tr (CPNS) following the 2026 Q3 hedge fund 13F filings?

As of today, CPNS has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), CPNS gained -1.0% vs -1.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Calamos ETF Tr (CPNS)

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

Smart Money Signals — CPNS

Based on 18 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q

For 2 consecutive quarters, more hedge funds reduced or closed their CPNS 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 — 75% of 2.2Y peak

75% of all-time peak

18 funds currently hold this stock — 75% of the 2.2-year high of 24 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

🚀

Fast accumulation — +38% more funds vs a year ago

fund count last 6Q

+5 new funds entered over the past year (+38% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🔴

Heavy selling pressure — only 21% buying

3 buying11 selling

Last quarter: 11 funds sold vs only 3 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

➡️

Steady new buyers — ~2 new funds per quarter

new funds entering per quarter

Funds opening this position for the first time: 9 → 7 → 1 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.

🔄

Mostly new holders — 11% entered in last year

■ 0% conviction (2yr+) ■ 89% medium ■ 11% new

Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

⚠️

Saturation — most institutions already know this story

0 → 9 → 7 → 1 → 2 new funds/Q

New funds entering each quarter: 9 → 7 → 1 → 2. Far fewer institutions are entering now vs. a year ago. When the pool of potential new buyers shrinks this fast, future price support from institutional inflows weakens significantly.

📊

Mixed cohorts — 0% veterans, 33% new entrants

■ 0% veterans ■ 67% 1-2yr ■ 33% new

Of 18 current holders: 0 (0%) held 2+ years, 12 held 1–2 years, 6 (33%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.

📋

Smaller funds dominant — 3% AUM from top-100

3% from top-100 AUM funds

1 of 18 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

3.5

out of 10

Low Exit Risk

Exit risk score 3.5/10 — 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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	18	20	-10.0%
13F Shares	309K	386K	-20.07%
Total Value	$8M	$10M	-17.9%
New Positions	2	1	+1
Increased Positions	1	2	-1
Closed Positions	4	5	-1
Reduced Positions	7	7	-
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

-10.0%

13F Shares

309K

386K

-20.07%

Total Value

$8M

$10M

-17.9%

New Positions

Increased Positions

-1

Closed Positions

-1

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q3)

18 + investors

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

QUARTER:

2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 19 CPNS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Owen LaRue, LLC	0.61%	64,676	$1.8M
2	Jim Saulnier & Associates, LLC	0.44%	39,141	$1.1M
3	Greenberg Financial Group	0.09%	9,420	$269K
4	Burkett Financial Services, LLC	0.04%	4,918	$141K
5	Verdence Capital Advisors LLC	0.04%	33,000	$943K
6	Centaurus Financial, INC.	0.03%	26,517	$758K
7	Claro Advisors Inc.	0.03%	10,167	$290K
8	Fiduciary Financial Advisors	0.03%	9,247	$264K
9	Bolton Securities Corporation	0.02%	14,000	$352K
10	Calamos Wealth Management LLC	0.02%	22,719	$649K
11	Harbour Investments, INC.	0.02%	39,161	$1.1M
12	Focus Financial Network, Inc.	0.01%	7,500	$214K
13	Sigma Planning Corp	0.01%	8,343	$238K
14	Commonwealth Equity Services, LLC	0.00%	36,321	$1.0M
15	Creative Financial Designs Inc /Adv	0.00%	810	$23K
16	Osaic Holdings, INC.	0.00%	13,057	$373K
17	Cetera Investment Advisers	0.00%	14,048	$401K
18	Creative Planning	0.00%	8,085	$231K
19	Steward Partners Investment Advisory, LLC	0.00%	810	$23K

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 ETF Tr (CPNS)

What does the Smart Money Trend signal show for CPNS?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their CPNS 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 CPNS?

Heavy selling pressure — only 21% buying: Last quarter: 11 funds sold vs only 3 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for CPNS holders?

Smaller funds dominant — 3% AUM from top-100: 1 of 18 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held CPNS?

Mostly new holders — 11% entered in last year: Only 0 funds (0%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Calamos ETF Tr (CPNS) following the 2026 Q3 hedge fund 13F filings?

As of today, CPNS has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the SPY sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), CPNS has gained -1.0% vs -1.1% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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	--

Profit Margin	--
Return on Assets (ttm)	--
Return on Equity (ttm)	--

Revenue (ttm)	--
Net Income Avi to Common (ttm)	--
Diluted EPS (ttm)	--
Total Cash (mrq)	--
Total Debt/Equity (mrq)	--
Levered Free Cash Flow (ttm)	--

Calamos ETF Tr (CPNS)

Smart Money Signals — CPNS

Selling streak — 2 quarters in a row

High ownership — 75% of 2.2Y peak

Fast accumulation — +38% more funds vs a year ago

Heavy selling pressure — only 21% buying

Steady new buyers — ~2 new funds per quarter

Mostly new holders — 11% entered in last year

Saturation — most institutions already know this story

Mixed cohorts — 0% veterans, 33% new entrants

Smaller funds dominant — 3% AUM from top-100

Institutional Sentiment Summary — CPNS

Hedge Fund Ownership: CPNS

Market Analysis: CPNS

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: CPNS

Is It Too Late to Buy Calamos ETF Tr (CPNS) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: CPNS

Statistics: CPNS

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q3)

Frequently Asked Questions — Calamos ETF Tr (CPNS)

Welcome to 13Foresight!