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COVAU

COVA Acquisition Corp. Unit
COVAU

Delisted

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

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36 hedge funds and large institutions have $60.8M invested in COVA Acquisition Corp. Unit in 2021 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% less funds holding

Funds holding: 39 → 36 (-3)

8% less capital invested

Capital invested by funds: $66.2M → $60.8M (-$5.35M)

50% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 6

75% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 8

Holders
36
Holders Change
-3
Holders Change %
-7.69%
% of All Funds
0.55%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
2
Reduced
8
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FTCM
First Trust Capital Management
Illinois
+$25K
2
Jane Street
Jane Street
New York
+$3.09K

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$2.74M
2
LOAMU
Lombard Odier Asset Management (USA)
New York
-$995K
3
GCL
Glazer Capital LLC
New York
-$987K
4
Verition Fund Management
Verition Fund Management
Connecticut
-$718K
5
VF
Virtu Financial
New York
-$452K
Name Holding Trade Value Shares
Change 		Change in
Stake
HHGC
26
Hunting Hill Global Capital
New York
$250K – – –
FTCM
27
First Trust Capital Management
Illinois
$250K +$25K +2,500 +11%
LCM
28
Lynwood Capital Management
Ontario, Canada
$250K +$250K +25,000 New
Citadel Advisors
29
Citadel Advisors
Florida
$177K -$5.55K -555 -3%
VF
30
Virtu Financial
New York
$164K -$452K -45,211 -73%
BFM
31
Boothbay Fund Management
New York
$150K – – –
SIM
32
Sandia Investment Management
Massachusetts
$150K +$150K +15,030 New
E
33
Ergoteles
New York
$104K – – –
Morgan Stanley
34
Morgan Stanley
New York
$77K – – –
UBS Group
35
UBS Group
Switzerland
$14K -$2.4K -240 -15%
TRCT
36
Tower Research Capital (TRC)
New York
$1K – – –
LOAMU
37
Lombard Odier Asset Management (USA)
New York
– -$995K -100,000 Closed
GCL
38
Glazer Capital LLC
New York
– -$987K -99,203 Closed
Verition Fund Management
39
Verition Fund Management
Connecticut
– -$718K -72,269 Closed
SSA
40
Schonfeld Strategic Advisors
New York
– -$304K -30,600 Closed
DIG
41
DeepCurrents Investment Group
New York
– -$176K -17,731 Closed
RE
42
RBC Europe
United Kingdom
– -$12.5K -1,255 Closed
1
2

COVAU Hedge Fund Activity: Q4 2021 in Review

36 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Unit (COVAU) for Q4 2021, worth a combined $60.8M — down 8.1% from $66.2M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of COVAU and 3 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 2 added.

The largest buyer was First Trust Capital Management, adding an estimated $25K. The largest seller was Millennium Management, cutting an estimated $2.74M.

  • 36 institutional investors held COVA Acquisition Corp. Unit (COVAU) as of Q4 2021, down from 39 in Q3 2021.
  • Funds reported $60.8M of COVA Acquisition Corp. Unit stock for Q4 2021, down 8.1% quarter-over-quarter.
  • 3 funds opened new COVA Acquisition Corp. Unit positions in Q4 2021 and 6 closed out, a net change of -3 holders.
  • The largest COVA Acquisition Corp. Unit buyer in Q4 2021 was First Trust Capital Management, an estimated $25K added.
  • The largest COVA Acquisition Corp. Unit seller in Q4 2021 was Millennium Management, an estimated $2.74M sold.

Based on aggregated 13F filings for Q4 2021.