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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
AC
1
Aristeia Capital
Connecticut
$16.6M – – –
PI
2
Putnam Investments
Massachusetts
$7.71M -$295K -29,515 -4%
HIM
3
HGC Investment Management
Ontario, Canada
$6.35M – – –
MF
4
Magnetar Financial
Illinois
$4.21M -$357K -35,671 -8%
FPA
5
First Pacific Advisors
California
$4.04M – – –
CHP
6
Castle Hook Partners
New York
$3M – – –
CCM
7
Context Capital Management
California
$2.75M – – –
WCMNY
8
Westchester Capital Management (New York)
New York
$2.5M – – –
SRCM
9
Sage Rock Capital Management
New York
$2.3M – – –
HF
10
HRT Financial
New York
$1.04M – – –
CF
11
Cantor Fitzgerald
New York
$1M +$1M +100,000 New
Susquehanna International Group
12
Susquehanna International Group
Pennsylvania
$976K – – –
WC
13
Wealthspring Capital
New York
$837K -$77K -7,700 -8%
Millennium Management
14
Millennium Management
New York
$805K -$2.74M -273,783 -77%
SMA
15
Sage Mountain Advisors
Georgia
$665K – – –
PCA
16
Prospect Capital Advisors
California
$550K – – –
Calamos Advisors
17
Calamos Advisors
Illinois
$500K – – –
COPPSERS
18
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$500K – – –
ECM
19
ExodusPoint Capital Management
New York
$500K – – –
YCM
20
Yakira Capital Management
Connecticut
$500K – – –
Nomura Holdings
21
Nomura Holdings
Japan
$433K – – –
OCAM
22
Owl Creek Asset Management
New York
$400K – – –
Jane Street
23
Jane Street
New York
$392K +$3.09K +309 +0.8%
FIA
24
FNY Investment Advisers
New York
$367K – – –
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$283K -$770 -77 -0.3%
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.