COVA Acquisition Corp. Class A Ordinary Share
COVA
COVA was delisted on the 20th of December, 2022.
84 hedge funds and large institutions have $229M invested in COVA Acquisition Corp. Class A Ordinary Share in 2022 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 20 increasing their positions, 9 reducing their positions, and 10 closing their positions.
122% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 9
30% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 10
14% more capital invested
Capital invested by funds: $200M → $229M (+$28.8M)
4% more funds holding
Funds holding: 81 → 84 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$16.2M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
+$2.93M |
| 3 |
LA
Linden Advisors
New York
|
+$2.92M |
| 4 |
CCM
Context Capital Management
Lajolla,
California
|
+$2.68M |
| 5 |
SCM
Saba Capital Management
New York
|
+$2.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$5.86M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$2.44M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
-$1.08M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$980K |
| 5 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
-$975K |
COVA Hedge Fund Activity: Q1 2022 in Review
84 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Class A Ordinary Share (COVA) for Q1 2022, worth a combined $229M — up 14% from $200M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new COVA positions and 10 closed out — a net gain of 3 holders — while 20 added to existing stakes and 9 trimmed.
The largest buyer was Aristeia Capital, opening a new position worth an estimated $16.2M. The largest seller was Blackstone Inc, exiting entirely with an estimated $5.86M sold.
- 84 institutional investors held COVA Acquisition Corp. Class A Ordinary Share (COVA) as of Q1 2022, up from 81 in Q4 2021.
- Funds reported $229M of COVA Acquisition Corp. Class A Ordinary Share stock for Q1 2022, up 14% quarter-over-quarter.
- 13 funds opened new COVA Acquisition Corp. Class A Ordinary Share positions in Q1 2022 and 10 closed out, a net change of +3 holders.
- The largest COVA Acquisition Corp. Class A Ordinary Share buyer in Q1 2022 was Aristeia Capital, an estimated $16.2M added.
- The largest COVA Acquisition Corp. Class A Ordinary Share seller in Q1 2022 was Blackstone Inc, an estimated $5.86M sold.
Based on aggregated 13F filings for Q1 2022.