Calamos Portfolio Rebalancing
Calamos Advisors Trims S&P Global Holdings, Boosts Energy and Utility Investments in Q1
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Key Points
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Calamos Advisors LLC trimmed its S&P Global (SPGI) stake by 8.9% in the first quarter, bringing the holding to 111,724 shares worth $47.521 million after selling 10,924 shares.
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Calamos Advisors LLC increased its GE Aerospace position by 4.9% to 288,935 shares (adding 13,376 shares) for a value of about $81.991 million.
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Calamos Advisors LLC more than doubled its stake in Southern Company, rising 113.9% to 420,625 shares after purchasing 223,978 additional shares, with the position valued at roughly $40.599 million.
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Calamos Wealth Management LLC expanded its Fidelity Enhanced Small Cap ETF (FESM) holding by 8.1% to 1,011,631 shares, which account for about 0.90% of its portfolio; FESM is the 15th-largest holding and the ETF position is valued at about $38.442 million.
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An insider move occurred: SVP Terrance Lane Wilson sold 2,000 Williams Companies (WMB) shares on July 1 at an average price of $74.16, worth $148,320, leaving him with 283,159 Williams shares.
Calamos Advisors LLC cut its stake in S&P Global Inc. by 8.9% in the first quarter, selling 10,924 shares and leaving the firm with 111,724 shares worth $47.5 million, according to Watchlist News.
The trim in the major index provider came alongside a flurry of other portfolio moves by the broader Calamos family — including a massive bet on Southern Company and a quiet insider sale at Williams Companies.
Calamos More Than Doubles Its Southern Company Bet
The biggest move of the quarter was in Southern Company. Calamos Advisors LLC bought 223,978 additional shares, pushing its total to 420,625 shares. That is a 113.9% increase. The position is now worth roughly $40.6 million, according to Watchlist News.
The firm also added to GE Aerospace, buying 13,376 shares to reach 288,935 shares total. That position is valued at about $82 million. Together, the Southern Company and GE Aerospace moves show a clear tilt toward energy and industrial exposure.
S&P Global Stake Trimmed as Portfolio Gets Rebalanced
Calamos sold 10,924 SPGI shares during the first quarter. S&P Global is one of the most widely held financial data stocks on the market. Cutting nearly 9% of the position suggests the firm is locking in gains or shifting money toward other sectors.
At the same time, Calamos Advisors added to consumer staples. It bought 14,037 shares of Colgate-Palmolive, raising that stake by 4.8% to 303,845 shares. It also added 8,850 CVS Health shares, a 2.1% increase to 433,533 shares. The moves point to a broad rebalancing rather than a single big call.
Calamos Wealth Management Expands Small Cap ETF Position
A separate arm of the firm, Calamos Wealth Management LLC, also made moves. It raised its stake in the Fidelity Enhanced Small Cap ETF by 8.1%, bringing its total to 1,011,631 shares. The position is worth about $38.4 million and makes up 0.90% of its portfolio. It is the firm's 15th-largest holding.
The ETF buy shows the broader Calamos family is not just focused on large caps. Small cap exposure adds diversification. It also signals some confidence that smaller U.S. companies may perform well in the months ahead.
Williams Companies Insider Sells $148,000 in Shares
Even as Calamos Advisors raised its stake in Williams Companies by 2.3%, an insider was heading for the exit. SVP Terrance Lane Wilson sold 2,000 Williams shares on July 1 at $74.16 each, netting $148,320. He still holds 283,159 shares after the sale.
Insider sales do not always signal bad news. Executives often sell shares for personal reasons like taxes or estate planning. But the timing — right after the fund added to the position — is worth noting for investors watching Williams Companies closely.
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