COVA Acquisition Corp. Class A Ordinary Share
COVA
COVA was delisted on the 20th of December, 2022.
82 hedge funds and large institutions have $256M invested in COVA Acquisition Corp. Class A Ordinary Share in 2022 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 17 increasing their positions, 7 reducing their positions, and 10 closing their positions.
143% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 7
12% more capital invested
Capital invested by funds: $229M → $256M (+$27.5M)
2% less funds holding
Funds holding: 84 → 82 (-2)
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$9.72M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$7.39M |
| 3 |
MMA
Mizuho Markets Americas
New York
|
+$6.05M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$5.89M |
| 5 |
CF
Cantor Fitzgerald
New York
|
+$5.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
-$11.8M |
| 2 |
LA
Linden Advisors
New York
|
-$7.3M |
| 3 |
D.E. Shaw & Co
New York
|
-$4.21M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$2.61M |
| 5 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
-$1.53M |
COVA Hedge Fund Activity: Q2 2022 in Review
82 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Class A Ordinary Share (COVA) for Q2 2022, worth a combined $256M — up 12% from $229M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of COVA and 9 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 17 added.
The largest buyer was Millennium Management, adding an estimated $9.72M. The largest seller was Altshuler Shaham, exiting entirely with an estimated $11.8M sold.
- 82 institutional investors held COVA Acquisition Corp. Class A Ordinary Share (COVA) as of Q2 2022, down from 84 in Q1 2022.
- Funds reported $256M of COVA Acquisition Corp. Class A Ordinary Share stock for Q2 2022, up 12% quarter-over-quarter.
- 9 funds opened new COVA Acquisition Corp. Class A Ordinary Share positions in Q2 2022 and 10 closed out, a net change of -1 holder.
- The largest COVA Acquisition Corp. Class A Ordinary Share buyer in Q2 2022 was Millennium Management, an estimated $9.72M added.
- The largest COVA Acquisition Corp. Class A Ordinary Share seller in Q2 2022 was Altshuler Shaham, an estimated $11.8M sold.
Based on aggregated 13F filings for Q2 2022.