We are live on ! Find out more
COVAU

COVA Acquisition Corp. Unit
COVAU

Delisted

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

Back to rankings

31 hedge funds and large institutions have $36M invested in COVA Acquisition Corp. Unit in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% less funds holding

Funds holding: 36 → 31 (-5)

41% less capital invested

Capital invested by funds: $60.8M → $36M (-$24.8M)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

67% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 6

Holders
31
Holders Change
-5
Holders Change %
-13.89%
% of All Funds
0.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
2
Reduced
6
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CS
Clear Street
New York
+$143K
2
WAM
Wolverine Asset Management
Illinois
+$73.2K
3
GCL
Glazer Capital LLC
New York
+$66.4K
4
BFM
Boothbay Fund Management
New York
+$19.1K
5
Millennium Management
Millennium Management
New York
+$1.98K

Top Sellers

Rank Fund Capital Flow
1
AC
Aristeia Capital
Connecticut
-$16.6M
2
CCM
Context Capital Management
California
-$2.75M
3
SRCM
Sage Rock Capital Management
New York
-$2.3M
4
CF
Cantor Fitzgerald
New York
-$1M
5
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
-$500K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
26
Wolverine Asset Management
Illinois
$73K +$73.2K +7,411 New
GCL
27
Glazer Capital LLC
New York
$66K +$66.4K +6,717 New
Morgan Stanley
28
Morgan Stanley
New York
$33K -$43.1K -4,366 -57%
UBS Group
29
UBS Group
Switzerland
$14K – – –
AC
30
Almitas Capital
California
$12K +$11.6K +1,178 New
TRCT
31
Tower Research Capital (TRC)
New York
$1K – – –
AC
32
Aristeia Capital
Connecticut
– -$16.6M -1,663,000 Closed
CCM
33
Context Capital Management
California
– -$2.75M -274,861 Closed
SRCM
34
Sage Rock Capital Management
New York
– -$2.3M -230,300 Closed
CF
35
Cantor Fitzgerald
New York
– -$1M -100,000 Closed
COPPSERS
36
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
– -$500K -50,000 Closed
Nomura Holdings
37
Nomura Holdings
Japan
– -$433K -43,374 Closed
OCAM
38
Owl Creek Asset Management
New York
– -$400K -40,000 Closed
LCM
39
Lynwood Capital Management
Ontario, Canada
– -$250K -25,000 Closed
VF
40
Virtu Financial
New York
– -$164K -16,372 Closed
1
2

COVAU Hedge Fund Activity: Q1 2022 in Review

31 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Unit (COVAU) for Q1 2022, worth a combined $36M — down 41% from $60.8M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of COVAU and 4 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 2 added.

The largest buyer was Clear Street, opening a new position worth an estimated $143K. The largest seller was Aristeia Capital, exiting entirely with an estimated $16.6M sold.

  • 31 institutional investors held COVA Acquisition Corp. Unit (COVAU) as of Q1 2022, down from 36 in Q4 2021.
  • Funds reported $36M of COVA Acquisition Corp. Unit stock for Q1 2022, down 41% quarter-over-quarter.
  • 4 funds opened new COVA Acquisition Corp. Unit positions in Q1 2022 and 9 closed out, a net change of -5 holders.
  • The largest COVA Acquisition Corp. Unit buyer in Q1 2022 was Clear Street, an estimated $143K added.
  • The largest COVA Acquisition Corp. Unit seller in Q1 2022 was Aristeia Capital, an estimated $16.6M sold.

Based on aggregated 13F filings for Q1 2022.