Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

CALAMOS ETF TR (CPNS)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
2Q ▲
Buyers last Q
45%

Smart Money Signals — CPNS

Based on 24 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added CPNS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
24 hedge funds hold CPNS right now — the highest count in 1.8 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
🚀

Fast accumulation — +33% more funds vs a year ago

fund count last 6Q
+6 new funds entered over the past year (+33% 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.
🟠

More sellers than buyers — 45% buying

9 buying11 selling
Last quarter: 11 funds reduced or exited vs 9 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~7 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 2 → 0 → 9 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 42% entered in last year

■ 0% conviction (2yr+) ■ 58% medium ■ 42% 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.
➡️

Steady discovery — ~7 new funds/quarter

5 → 2 → 0 → 9 → 7 new funds/Q
New funds entering each quarter: 2 → 0 → 9 → 7. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 4% veterans, 54% new entrants

■ 4% veterans ■ 42% 1-2yr ■ 54% new
Of 24 current holders: 1 (4%) held 2+ years, 10 held 1–2 years, 13 (54%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 5% AUM from top-100

5% from top-100 AUM funds
3 of 24 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
5.2
out of 10
Moderate Exit Risk
Exit risk score 5.2/10 — 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 — CPNS

In 2025 Q4, 9 hedge funds were net buyers of CPNS (7 opened a new position, 2 added to an existing one), while 11 reduced or exited (8 trimmed, 3 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 24.

Hedge Fund Ownership: CPNS

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

Market Analysis: CPNS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: CPNS

-- --

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

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

Signal Freshness measures how much CPNS has moved relative to its sector benchmark (SPY) since the 2026 Q1 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 March 31, 2026 · 50d ago
CPNS
+5.8%
SPY
+42.5%

CPNS outperformed SPY by -36.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 5d ago
CPNS
+0.1%
SPY
-1.8%

Since the filing became public, CPNS outperformed SPY by +1.9% .

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
0.2
/ 10
conviction
Hedge Fund Positioning: CPNS
20 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 20 24 -16.67%
13F Shares 386K 389K -0.65%
Total Value $10M $11M -3.57%
New Positions 1 7 -6
Increased Positions 2 2 -
Closed Positions 5 3 +2
Reduced Positions 7 8 -1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: CPNS

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)

20 + 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:
Top 20 institutional holders of CPNS — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Owen LaRue, LLC 0.95% 90,766 $2.5M
2 JIM SAULNIER & ASSOCIATES, LLC 0.52% 39,250 $1.1M
3 BURKETT FINANCIAL SERVICES, LLC 0.03% 3,750 $102K
4 Claro Advisors Inc. 0.03% 10,470 $284K
5 Calamos Wealth Management LLC 0.03% 33,639 $914K
6 CENTAURUS FINANCIAL, INC. 0.02% 12,303 $334K
7 OLD MISSION CAPITAL LLC 0.01% 31,913 $867K
8 HARBOUR INVESTMENTS, INC. 0.01% 19,012 $517K
9 Capital Analysts, LLC 0.01% 10,688 —
10 Focus Financial Network, Inc. 0.01% 7,500 $204K
11 Sigma Planning Corp 0.01% 8,343 $227K
12 Calamos Advisors LLC 0.00% 33,639 $914K
13 Sound Income Strategies, LLC 0.00% 1,209 $33K
14 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% 810 $22K
15 COMMONWEALTH EQUITY SERVICES, LLC 0.00% 33,139 $900K
16 OSAIC HOLDINGS, INC. 0.00% 14,805 $402K
17 Farther Finance Advisors, LLC 0.00% 900 $25K
18 Creative Planning 0.00% 8,085 $220K
19 Steward Partners Investment Advisory, LLC 0.00% 810 $22K
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 25,185 $684K
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?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added CPNS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for CPNS?

More sellers than buyers — 45% buying: Last quarter: 11 funds reduced or exited vs 9 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for CPNS holders?

Smaller funds dominant — 5% AUM from top-100: 3 of 24 holders rank in the top 100 by AUM, but together hold only 5% 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 — 42% 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 Q1 hedge fund 13F filings?

As of today, CPNS has moved +0.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to -1.8% for the SPY sector ETF — an outperformance of +1.9%. Since the quarter end (March 31, 2026), CPNS has gained +5.8% vs +42.5% 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.

Full history →