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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
AC
1
Aristeia Capital
Connecticut
$16.5M – – –
PI
2
Putnam Investments
Massachusetts
$7.95M – – –
HIM
3
HGC Investment Management
Ontario, Canada
$6.32M – – –
MF
4
Magnetar Financial
Illinois
$4.53M – – –
FPA
5
First Pacific Advisors
California
$4.02M – – –
Millennium Management
6
Millennium Management
New York
$3.52M -$9.99K -1,000 -0.3%
CHP
7
Castle Hook Partners
New York
$2.98M – – –
CCM
8
Context Capital Management
California
$2.73M – – –
WCMNY
9
Westchester Capital Management (New York)
New York
$2.49M – – –
SRCM
10
Sage Rock Capital Management
New York
$2.29M – – –
HF
11
HRT Financial
New York
$1.03M -$3.31K -331 -0.3%
LOAMU
12
Lombard Odier Asset Management (USA)
New York
$995K – – –
GCL
13
Glazer Capital LLC
New York
$987K -$939 -94 -0.1%
Susquehanna International Group
14
Susquehanna International Group
Pennsylvania
$970K – – –
WC
15
Wealthspring Capital
New York
$910K -$104K -10,400 -10%
Verition Fund Management
16
Verition Fund Management
Connecticut
$718K – – –
SMA
17
Sage Mountain Advisors
Georgia
$662K – – –
VF
18
Virtu Financial
New York
$612K +$134K +13,402 +28%
PCA
19
Prospect Capital Advisors
California
$547K – – –
COPPSERS
20
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$498K – – –
ECM
21
ExodusPoint Capital Management
New York
$498K – – –
YCM
22
Yakira Capital Management
Connecticut
$498K – – –
Calamos Advisors
23
Calamos Advisors
Illinois
$497K – – –
Nomura Holdings
24
Nomura Holdings
Japan
$432K – – –
OCAM
25
Owl Creek Asset Management
New York
$398K – – –
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.