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COVA

COVA Acquisition Corp. Class A Ordinary Share

Delisted

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.

New
Increased
Maintained
Reduced
Closed

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: 8480 (-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: 10 (-1)

Holders
80
Holders Change
-4
Holders Change %
-4.76%
% of All Funds
1.38%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
8
Increased
14
Reduced
11
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
AA
51
AQR Arbitrage
Connecticut
$994K +$988K +100,000 New
Susquehanna International Group
52
Susquehanna International Group
Pennsylvania
$970K
WAM
53
Wolverine Asset Management
Illinois
$937K +$932K +94,300 New
VF
54
Virtu Financial
New York
$729K +$366K +37,008 +102%
WA
55
Whitebox Advisors
Minnesota
$686K
SSA
56
Schonfeld Strategic Advisors
New York
$654K +$317K +32,097 +95%
KKRC
57
Kohlberg Kravis Roberts & Co
New York
$644K
CF
58
Cantor Fitzgerald
New York
$577K -$9.56M -968,137 -94%
LA
59
Linden Advisors
New York
$510K
HF
60
HRT Financial
New York
$506K -$2.99K -303 -0.6%
COPPSERS
61
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$497K
HIM
62
HGC Investment Management
Ontario, Canada
$349K -$3.11M -315,000 -90%
PCM
63
Pinz Capital Management
New York
$299K
DFCM
64
Dark Forest Capital Management
Puerto Rico
$280K -$208K -21,011 -43%
Walleye Capital
65
Walleye Capital
New York
$271K
DCM
66
Dupont Capital Management
Delaware
$249K
LCM
67
Lynwood Capital Management
Ontario, Canada
$249K
RCM
68
Rivernorth Capital Management
Florida
$249K
WCMNY
69
Westchester Capital Management (New York)
New York
$243K +$241K +24,400 New
MIG
70
Mariner Investment Group
New York
$205K
Geode Capital Management
71
Geode Capital Management
Massachusetts
$204K
Walleye Trading
72
Walleye Trading
New York
$199K
DIG
73
DeepCurrents Investment Group
New York
$176K
FIA
74
FNY Investment Advisers
New York
$119K +$119K +12,000 New
CCM
75
Condor Capital Management
New Jersey
$54K

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.