COVA Acquisition Corp. Class A Ordinary Share
COVA
COVA was delisted on the 20th of December, 2022.
81 hedge funds and large institutions have $200M invested in COVA Acquisition Corp. Class A Ordinary Share in 2021 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 5 reducing their positions, and 5 closing their positions.
260% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 5
120% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 5
12% more capital invested
Capital invested by funds: $179M → $200M (+$20.8M)
7% more funds holding
Funds holding: 76 → 81 (+5)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
+$8.56M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$3.82M |
| 3 |
OCM
Oribel Capital Management
New York
|
+$1.97M |
| 4 |
Millennium Management
New York
|
+$1.7M |
| 5 |
SCM
Saba Capital Management
New York
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kingstown Capital Management
New York
|
-$2.92M |
| 2 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$2.53M |
| 3 |
AC
Athanor Capital
New York
|
-$971K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$889K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$563K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CHAM
76
Clear Harbor Asset Management
Stamford,
Connecticut
| $120K | – | – | – |
|
|
MF
77
Magnetar Financial
Evanston,
Illinois
| $101K | – | – | – |
|
|
EAM
78
Exos Asset Management
New York
| $98K | – | – | – |
|
79
UBS Group
Zurich,
Switzerland
| $16K | +$15.6K | +1,600 | New |
|
|
AA
80
Ancora Advisors
Cleveland,
Ohio
| $15K | – | – | – |
|
|
TRCT
81
Tower Research Capital (TRC)
New York
| $2K | +$1.01K | +104 | +105% |
|
|
KCM
82
Kingstown Capital Management
New York
| – | -$2.92M | -300,000 | Closed |
|
|
KPF
83
K2 Principal Fund
Toronto,
Ontario, Canada
| – | -$2.53M | -259,607 | Closed |
|
|
AC
84
Athanor Capital
New York
| – | -$971K | -100,000 | Closed |
|
|
WAM
85
Wolverine Asset Management
Chicago,
Illinois
| – | -$889K | -91,202 | Closed |
|
|
AA
86
AQR Arbitrage
Greenwich,
Connecticut
| – | -$563K | -58,028 | Closed |
|
COVA Hedge Fund Activity: Q4 2021 in Review
81 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Class A Ordinary Share (COVA) for Q4 2021, worth a combined $200M — up 12% from $179M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new COVA positions and 5 closed out — a net gain of 6 holders — while 18 added to existing stakes and 5 trimmed.
The largest buyer was HSBC Holdings, opening a new position worth an estimated $8.56M. The largest seller was Kingstown Capital Management, exiting entirely with an estimated $2.92M sold.
- 81 institutional investors held COVA Acquisition Corp. Class A Ordinary Share (COVA) as of Q4 2021, up from 76 in Q3 2021.
- Funds reported $200M of COVA Acquisition Corp. Class A Ordinary Share stock for Q4 2021, up 12% quarter-over-quarter.
- 11 funds opened new COVA Acquisition Corp. Class A Ordinary Share positions in Q4 2021 and 5 closed out, a net change of +6 holders.
- The largest COVA Acquisition Corp. Class A Ordinary Share buyer in Q4 2021 was HSBC Holdings, an estimated $8.56M added.
- The largest COVA Acquisition Corp. Class A Ordinary Share seller in Q4 2021 was Kingstown Capital Management, an estimated $2.92M sold.
Based on aggregated 13F filings for Q4 2021.