John P. Calamos Sr., Global Chief Investment Officer, has demonstrated a clear selling bias in his recent insider trading activity, as evidenced by SEC Form 4 filings. Over the course of 78 trades, Calamos has sold securities totaling $1,084,142.21, compared to purchases amounting to $1,229,353.61. Notably, his recent activity has been exclusively focused on selling, with 25 transactions recorded since December 16, 2025. The majority of these sales involve shares of Calamos Strategic Total Return Fund (CPZ), with transactions ranging from $469.76 to $150,818.75. The most significant sales occurred on December 16, 2025, including a single transaction valued at $150,818.75 and another at $91,178.70.
This pattern of selling continued into March 2026, with multiple transactions on March 2, each valued at $6,543.62. While the ticker for these March sales is listed as "N/A," the consistency in value suggests a structured divestment strategy. Calamos’s recent trading activity underscores a deliberate shift toward reducing his holdings, particularly in CPZ, without any corresponding purchases during this period. This trend aligns with his broader trading history, which leans toward divestment rather than accumulation, reflecting a measured approach to portfolio management.
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