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COVA

COVA Acquisition Corp. Class A Ordinary Share
COVA

Delisted

COVA was delisted on the 20th of December, 2022.

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83 hedge funds and large institutions have $226M invested in COVA Acquisition Corp. Class A Ordinary Share in 2022 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 19 increasing their positions, 9 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 9

18% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 11

13% more capital invested

Capital invested by funds: $200M → $226M (+$26.4M)

2% more funds holding

Funds holding: 81 → 83 (+2)

Holders
83
Holders Change
+2
Holders Change %
+2.47%
% of All Funds
1.31%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
19
Reduced
9
Closed
11
Calls
$9K
Puts
–
Net Calls
+$9K
Net Calls Change
-$89K

Top Buyers

Rank Fund Capital Flow
1
AC
Aristeia Capital
Connecticut
+$16.2M
2
Nomura Holdings
Nomura Holdings
Japan
+$2.93M
3
LA
Linden Advisors
New York
+$2.92M
4
CCM
Context Capital Management
California
+$2.68M
5
SCM
Saba Capital Management
New York
+$2.67M

Top Sellers

Rank Fund Capital Flow
1
Blackstone Inc
Blackstone Inc
New York
-$5.86M
2
MP
Mangrove Partners
Connecticut
-$2.44M
3
UOC
UBS O'Connor
Illinois
-$1.17M
4
CL
CSS LLC
Illinois
-$1.08M
5
PC
Periscope Capital
Ontario, Canada
-$980K
Name Holding Trade Value Shares
Change 		Change in
Stake
AC
1
Aristeia Capital
Connecticut
$16.3M +$16.2M +1,663,000 New
Marshall Wace
2
Marshall Wace
United Kingdom
$12.1M +$17.3K +1,774 +0.1%
CCA
3
Castle Creek Arbitrage
Colorado
$11.9M – – –
AS
4
Altshuler Shaham
Israel
$11.8M – – –
OCM
5
Oribel Capital Management
New York
$10.9M – – –
SCM
6
Saba Capital Management
New York
$10.9M +$2.67M +274,106 +33%
Nomura Holdings
7
Nomura Holdings
Japan
$9.83M +$2.93M +300,874 +43%
HSBC Holdings
8
HSBC Holdings
United Kingdom
$8.6M – – –
LA
9
Linden Advisors
New York
$7.79M +$2.92M +300,000 +61%
D.E. Shaw & Co
10
D.E. Shaw & Co
New York
$7.76M +$2.26M +231,505 +41%
PC
11
Periscope Capital
Ontario, Canada
$7.44M -$980K -100,500 -12%
RCM
12
Radcliffe Capital Management
Pennsylvania
$6.86M +$481K +49,346 +8%
PAMP
13
Polar Asset Management Partners
Ontario, Canada
$5.39M – – –
Hudson Bay Capital Management
14
Hudson Bay Capital Management
Connecticut
$4.78M – – –
CF
15
Cantor Fitzgerald
New York
$4.78M +$975K +100,000 +26%
Goldman Sachs
16
Goldman Sachs
New York
$4.37M – – –
Alyeska Investment Group
17
Alyeska Investment Group
Illinois
$4.31M – – –
AC
18
Antara Capital
New York
$4.28M – – –
Millennium Management
19
Millennium Management
New York
$3.94M +$869K +89,156 +29%
MI
20
MMCAP International
Cayman Islands
$3.92M – – –
BFM
21
Boothbay Fund Management
New York
$3.23M +$1.24M +127,118 +63%
CH
22
CVI Holdings
Delaware
$3.22M +$279K +28,630 +10%
ACA
23
Arena Capital Advisors
California
$3.03M – – –
MCM
24
Moore Capital Management
New York
$2.94M – – –
BTP
25
Bloom Tree Partners
New York
$2.73M -$536K -54,967 -17%
1
2 3 4

COVA Hedge Fund Activity: Q1 2022 in Review

83 of the 6,340 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 $226M — up 13% from $200M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new COVA positions and 11 closed out — a net gain of 2 holders — while 19 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.

  • 83 institutional investors held COVA Acquisition Corp. Class A Ordinary Share (COVA) as of Q1 2022, up from 81 in Q4 2021.
  • Funds reported $226M of COVA Acquisition Corp. Class A Ordinary Share stock for Q1 2022, up 13% quarter-over-quarter.
  • 13 funds opened new COVA Acquisition Corp. Class A Ordinary Share positions in Q1 2022 and 11 closed out, a net change of +2 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.