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COVAU

COVA Acquisition Corp. Unit
COVAU

Delisted

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

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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
PI
1
Putnam Investments
Massachusetts
$7.6M -$3.11K -315 -0%
HIM
2
HGC Investment Management
Ontario, Canada
$6.27M – – –
MF
3
Magnetar Financial
Illinois
$4M -$147K -14,829 -4%
FPA
4
First Pacific Advisors
California
$3.99M – – –
CHP
5
Castle Hook Partners
New York
$2.96M – – –
WCMNY
6
Westchester Capital Management (New York)
New York
$2.47M – – –
HF
7
HRT Financial
New York
$1.02M – – –
Susquehanna International Group
8
Susquehanna International Group
Pennsylvania
$964K – – –
Millennium Management
9
Millennium Management
New York
$796K +$1.98K +200 +0.2%
WC
10
Wealthspring Capital
New York
$763K -$63.6K -6,438 -8%
SMA
11
Sage Mountain Advisors
Georgia
$656K – – –
PCA
12
Prospect Capital Advisors
California
$543K – – –
Calamos Advisors
13
Calamos Advisors
Illinois
$494K – – –
ECM
14
ExodusPoint Capital Management
New York
$494K – – –
YCM
15
Yakira Capital Management
Connecticut
$494K – – –
Jane Street
16
Jane Street
New York
$385K -$2.29K -232 -0.6%
FIA
17
FNY Investment Advisers
New York
$362K – – –
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$279K – – –
FTCM
19
First Trust Capital Management
Illinois
$247K – – –
HHGC
20
Hunting Hill Global Capital
New York
$247K – – –
Citadel Advisors
21
Citadel Advisors
Florida
$169K -$5.57K -564 -3%
BFM
22
Boothbay Fund Management
New York
$167K +$19.1K +1,929 +13%
SIM
23
Sandia Investment Management
Massachusetts
$148K – – –
CS
24
Clear Street
New York
$143K +$143K +14,503 New
E
25
Ergoteles
New York
$103K – – –
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.