COVA Acquisition Corp. Unit
COVAU
COVAU was delisted on the 20th of December, 2022.
22 hedge funds and large institutions have $22.3M invested in COVA Acquisition Corp. Unit in 2022 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 9 closing their positions.
29% less funds holding
Funds holding: 31 → 22 (-9)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
38% less capital invested
Capital invested by funds: $36M → $22.3M (-$13.7M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$346K |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$109K |
| 3 |
Jane Street
New York
|
+$17.4K |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$3.4K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$2.47K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$4M |
| 2 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$3.99M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$2.43M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$964K |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$494K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
26
ExodusPoint Capital Management
New York
| – | -$494K | -50,000 | Closed |
|
|
YCM
27
Yakira Capital Management
Westport,
Connecticut
| – | -$494K | -50,000 | Closed |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$279K | -28,304 | Closed |
|
|
FTCM
29
First Trust Capital Management
Chicago,
Illinois
| – | -$247K | -25,000 | Closed |
|
30
Citadel Advisors
Miami,
Florida
| – | -$169K | -17,167 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$20 | -2 | -4% |
|
COVAU Hedge Fund Activity: Q2 2022 in Review
22 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Unit (COVAU) for Q2 2022, worth a combined $22.3M — down 38% from $36M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of COVAU and 0 opened new positions — a net loss of 9 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was HGC Investment Management, adding an estimated $346K. The largest seller was Magnetar Financial, exiting entirely with an estimated $4M sold.
- 22 institutional investors held COVA Acquisition Corp. Unit (COVAU) as of Q2 2022, down from 31 in Q1 2022.
- Funds reported $22.3M of COVA Acquisition Corp. Unit stock for Q2 2022, down 38% quarter-over-quarter.
- 0 funds opened new COVA Acquisition Corp. Unit positions in Q2 2022 and 9 closed out, a net change of -9 holders.
- The largest COVA Acquisition Corp. Unit buyer in Q2 2022 was HGC Investment Management, an estimated $346K added.
- The largest COVA Acquisition Corp. Unit seller in Q2 2022 was Magnetar Financial, an estimated $4M sold.
Based on aggregated 13F filings for Q2 2022.