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COVAU

COVA Acquisition Corp. Unit
COVAU

Delisted

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

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39 hedge funds and large institutions have $66.2M invested in COVA Acquisition Corp. Unit in 2021 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 2 increasing their positions, 9 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% less capital invested

Capital invested by funds: $74.7M → $66.2M (-$8.55M)

26% less funds holding

Funds holding: 53 → 39 (-14)

78% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 9

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 14

Holders
39
Holders Change
-14
Holders Change %
-26.42%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
2
Reduced
9
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
VF
Virtu Financial
New York
+$134K
2
UBS Group
UBS Group
Switzerland
+$1.11K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$2.33M
2
SCM
Shaolin Capital Management
Florida
-$2.05M
3
BFM
Boothbay Fund Management
New York
-$2.02M
4
PMAM
Picton Mahoney Asset Management
Ontario, Canada
-$1.51M
5
ACA
Arena Capital Advisors
California
-$985K
Name Holding Trade Value Shares
Change 		Change in
Stake
Jane Street
26
Jane Street
New York
$387K -$4.89K -489 -1%
FIA
27
FNY Investment Advisers
New York
$364K – – –
SSA
28
Schonfeld Strategic Advisors
New York
$304K -$899 -90 -0.3%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$283K -$165K -16,527 -37%
HHGC
30
Hunting Hill Global Capital
New York
$249K – – –
FTCM
31
First Trust Capital Management
Illinois
$224K – – –
Citadel Advisors
32
Citadel Advisors
Florida
$182K -$2.33M -233,190 -93%
DIG
33
DeepCurrents Investment Group
New York
$176K – – –
BFM
34
Boothbay Fund Management
New York
$150K -$2.02M -202,452 -93%
E
35
Ergoteles
New York
$103K – – –
Morgan Stanley
36
Morgan Stanley
New York
$76K – – –
UBS Group
37
UBS Group
Switzerland
$16K +$1.11K +111 +7%
RE
38
RBC Europe
United Kingdom
$12.5K – – –
TRCT
39
Tower Research Capital (TRC)
New York
$1K – – –
SCM
40
Shaolin Capital Management
Florida
– -$2.05M -203,675 Closed
PMAM
41
Picton Mahoney Asset Management
Ontario, Canada
– -$1.51M -150,000 Closed
ACA
42
Arena Capital Advisors
California
– -$985K -97,686 Closed
RA
43
Ramius Advisors
New York
– -$706K -70,012 Closed
BI
44
Bulldog Investors
New Jersey
– -$499K -49,500 Closed
BCM
45
Bluefin Capital Management
New York
– -$472K -46,818 Closed
D.E. Shaw & Co
46
D.E. Shaw & Co
New York
– -$410K -40,680 Closed
Walleye Capital
47
Walleye Capital
New York
– -$302 -30,000 Closed
RCM
48
Rivernorth Capital Management
Florida
– -$252K -25,000 Closed
WAM
49
Wolverine Asset Management
Illinois
– -$252K -25,000 Closed
LCM
50
Landscape Capital Management
New Jersey
– -$221K -21,950 Closed
1
2
3

COVAU Hedge Fund Activity: Q3 2021 in Review

39 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Unit (COVAU) for Q3 2021, worth a combined $66.2M — down 11% from $74.7M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of COVAU and 0 opened new positions — a net loss of 14 holders — while 9 trimmed existing stakes and 2 added.

The largest buyer was Virtu Financial, adding an estimated $134K. The largest seller was Citadel Advisors, cutting an estimated $2.33M.

  • 39 institutional investors held COVA Acquisition Corp. Unit (COVAU) as of Q3 2021, down from 53 in Q2 2021.
  • Funds reported $66.2M of COVA Acquisition Corp. Unit stock for Q3 2021, down 11% quarter-over-quarter.
  • 0 funds opened new COVA Acquisition Corp. Unit positions in Q3 2021 and 14 closed out, a net change of -14 holders.
  • The largest COVA Acquisition Corp. Unit buyer in Q3 2021 was Virtu Financial, an estimated $134K added.
  • The largest COVA Acquisition Corp. Unit seller in Q3 2021 was Citadel Advisors, an estimated $2.33M sold.

Based on aggregated 13F filings for Q3 2021.