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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
UBS Group
76
UBS Group
Switzerland
$22K -$6.21K -629 -22%
EC
77
Elequin Capital
New York
$16K +$15.8K +1,600 New
Bank of Montreal
78
Bank of Montreal
Ontario, Canada
$9.53K +$1.52M +154,214 +19%
LOAMU
79
Lombard Odier Asset Management (USA)
New York
$1K +$494K +50,000 New
Alyeska Investment Group
80
Alyeska Investment Group
Illinois
-$4.32M -440,000 Closed
AC
81
Antara Capital
New York
-$4.3M -437,364 Closed
BTP
82
Bloom Tree Partners
New York
-$2.73M -278,080 Closed
BCM
83
Basso Capital Management
Connecticut
-$2.3M -233,733 Closed
SRCM
84
Sage Rock Capital Management
New York
-$1.91M -194,724 Closed
RL
85
RPO LLC
Connecticut
-$1M -102,167 Closed
Calamos Advisors
86
Calamos Advisors
Illinois
-$492K -50,000 Closed
OCAM
87
Owl Creek Asset Management
New York
-$393K -40,000 Closed
CS
88
Clear Street
New York
-$296K -30,113 Closed
WC
89
Wealthspring Capital
New York
-$134K -13,604 Closed
SMA
90
Sage Mountain Advisors
Georgia
-$127K -12,900 Closed
CHAM
91
Clear Harbor Asset Management
Connecticut
-$121K -12,300 Closed
OMC
92
Old Mission Capital
Illinois
+$160K +16,245 New

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.