COVA Acquisition Corp. Class A Ordinary Share
COVA
COVA was delisted on the 20th of December, 2022.
80 hedge funds and large institutions have $268M invested in COVA Acquisition Corp. Class A Ordinary Share in 2022 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 10 reducing their positions, and 12 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 10
5% more capital invested
Capital invested by funds: $256M → $268M (+$12.2M)
2% less funds holding
Funds holding: 82 → 80 (-2)
17% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$13.7M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$7.21M |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$3.28M |
| 4 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$2.92M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
+$2.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cantor Fitzgerald
New York
|
-$9.56M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$4.32M |
| 3 |
AC
Antara Capital
New York
|
-$4.3M |
| 4 |
BTP
Bloom Tree Partners
New York
|
-$2.73M |
| 5 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$2.3M |
COVA Hedge Fund Activity: Q3 2022 in Review
80 of the 5,828 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 $268M — up 4.7% from $256M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of COVA and 10 opened new positions — a net loss of 2 holders — while 10 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 82 in Q2 2022.
- Funds reported $268M of COVA Acquisition Corp. Class A Ordinary Share stock for Q3 2022, up 4.7% quarter-over-quarter.
- 10 funds opened new COVA Acquisition Corp. Class A Ordinary Share positions in Q3 2022 and 12 closed out, a net change of -2 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.