Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Calamos ETF Tr (CPNJ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
1Q ▼
Buyers last Q
22%

Smart Money Signals — CPNJ

Based on 28 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their CPNJ 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 — 90% of 2.0Y peak

90% of all-time peak
28 funds currently hold this stock — 90% of the 2.0-year high of 31 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +40% more funds vs a year ago

fund count last 6Q
+8 new funds entered over the past year (+40% 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 22% buying

5 buying18 selling
Last quarter: 18 funds sold vs only 5 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
➡️

Steady new buyers — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 13 → 5 → 5 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 21% entered in last year

■ 0% conviction (2yr+) ■ 79% medium ■ 21% 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

1 → 13 → 5 → 5 → 3 new funds/Q
New funds entering each quarter: 13 → 5 → 5 → 3. 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, 36% new entrants

■ 0% veterans ■ 64% 1-2yr ■ 36% new
Of 28 current holders: 0 (0%) held 2+ years, 18 held 1–2 years, 10 (36%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 10% AUM from top-100

10% from top-100 AUM funds
3 of 28 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
4.7
out of 10
Moderate Exit Risk
Exit risk score 4.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Institutional Sentiment Summary — CPNJ

In 2026 Q1, 5 hedge funds were net buyers of CPNJ (3 opened a new position, 2 added to an existing one), while 18 reduced or exited (12 trimmed, 6 sold completely) — a 22% buyer ratio, indicating net institutional distribution. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 28.

Hedge Fund Ownership: CPNJ

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

Market Analysis: CPNJ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CPNJ

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

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

Signal Freshness measures how much CPNJ has moved relative to its sector benchmark (SPY) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 27d ago
CPNJ
-0.9%
SPY
-1.4%

CPNJ outperformed SPY by +0.5% since June 30, 2026.

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.3
/ 10
conviction
Hedge Fund Positioning: CPNJ
2026 Q2 Stats Unlock in 23 days 28 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 28 31 -9.68%
13F Shares 419K 1M -70.69%
Total Value $10M $39M -74.5%
New Positions 3 5 -2
Increased Positions 2 8 -6
Closed Positions 6 3 +3
Reduced Positions 12 10 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CPNJ

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Financial Highlights

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Institutional Holders (2026 Q1)

28 + investors

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

QUARTER:
Top 25 CPNJ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Jim Saulnier & Associates, LLC 0.65% 49,128 $1.3M
2 WealthTrust Asset Management, LLC 0.33% 20,664 $558K
3 Investment Partners Asset Management, Inc. 0.20% 12,012 $324K
4 Cyr Financial Inc. 0.13% 8,132 $220K
5 NBZ Investment Advisors LLC 0.11% 9,515 $257K
6 Amplius Wealth Advisors, LLC 0.05% 20,500 $554K
7 Calamos Wealth Management LLC 0.03% 28,058 $758K
8 PFG Advisors 0.02% 18,795 $508K
9 Centaurus Financial, INC. 0.02% 17,357 $469K
10 Sound Income Strategies, LLC 0.01% 9,672 $262K
11 Cyndeo Wealth Partners, LLC 0.01% 7,610 $206K
12 Old Mission Capital LLC 0.01% 25,095 $678K
13 Mutual Advisors, LLC 0.01% 14,845 $401K
14 Harbour Investments, INC. 0.01% 13,737 $371K
15 Ashton Thomas Private Wealth, LLC 0.00% 5,799 $157K
16 Concurrent Investment Advisors, LLC 0.00% 9,552 $258K
17 Calamos Advisors LLC 0.00% 28,058 $758K
18 IFP Advisors, Inc 0.00% 850 $23K
19 Commonwealth Equity Services, LLC 0.00% 11,726 $317K
20 Cetera Investment Advisers 0.00% 15,211 $411K
21 Creative Financial Designs Inc /Adv 0.00% 222 $6K
22 Farther Finance Advisors, LLC 0.00% 1,105 $30K
23 LPL Financial LLC 0.00% 11,716 $316K
24 Susquehanna International Group, LLP 0.00% 23,177 $626K
25 Osaic Holdings, INC. 0.00% 1,465 $40K
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 (CPNJ)

What does the Smart Money Trend signal show for CPNJ?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their CPNJ 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 CPNJ?

Heavy selling pressure — only 22% buying: Last quarter: 18 funds sold vs only 5 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 CPNJ holders?

Smaller funds dominant — 10% AUM from top-100: 3 of 28 holders rank in the top 100 by AUM, but together hold only 10% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held CPNJ?

Mostly new holders — 21% 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 (CPNJ) following the 2026 Q2 hedge fund 13F filings?

Since the quarter end (June 30, 2026), CPNJ has gained -0.9% vs -1.4% 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.

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.

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