COVA Acquisition Corp. Class A Ordinary Share
COVA
COVA was delisted on the 20th of December, 2022.
80 hedge funds and large institutions have $259M invested in COVA Acquisition Corp. Class A Ordinary Share in 2022 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 12 closing their positions.
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
4% more capital invested
Capital invested by funds: $249M → $259M (+$10.1M)
5% less funds holding
Funds holding: 84 → 80 (-4)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$13.7M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$7.21M |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$3.28M |
| 4 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$2.92M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
+$2.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cantor Fitzgerald
New York
|
-$9.56M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$4.32M |
| 3 |
AC
Antara Capital
New York
|
-$4.3M |
| 4 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$3.11M |
| 5 |
BTP
Bloom Tree Partners
New York
|
-$2.73M |
COVA Hedge Fund Activity: Q3 2022 in Review
80 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Class A Ordinary Share (COVA) for Q3 2022, worth a combined $259M — up 4.1% from $249M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of COVA and 8 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 14 added.
The largest buyer was Glazer Capital LLC, adding an estimated $13.7M. The largest seller was Cantor Fitzgerald, cutting an estimated $9.56M.
- 80 institutional investors held COVA Acquisition Corp. Class A Ordinary Share (COVA) as of Q3 2022, down from 84 in Q2 2022.
- Funds reported $259M of COVA Acquisition Corp. Class A Ordinary Share stock for Q3 2022, up 4.1% quarter-over-quarter.
- 8 funds opened new COVA Acquisition Corp. Class A Ordinary Share positions in Q3 2022 and 12 closed out, a net change of -4 holders.
- The largest COVA Acquisition Corp. Class A Ordinary Share buyer in Q3 2022 was Glazer Capital LLC, an estimated $13.7M added.
- The largest COVA Acquisition Corp. Class A Ordinary Share seller in Q3 2022 was Cantor Fitzgerald, an estimated $9.56M sold.
Based on aggregated 13F filings for Q3 2022.