COVA Acquisition Corp. Unit
COVAU
COVAU was delisted on the 20th of December, 2022.
16 hedge funds and large institutions have $7.28M invested in COVA Acquisition Corp. Unit in 2022 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 7 closing their positions.
27% less funds holding
Funds holding: 22 → 16 (-6)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
67% less capital invested
Capital invested by funds: $21.9M → $7.28M (-$14.6M)
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$213K |
| 2 |
CS
Clear Street
New York
|
+$116K |
| 3 |
Jane Street
New York
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$6.27M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$5.17M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$2.47M |
| 4 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$502K |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$171K |
COVAU Hedge Fund Activity: Q3 2022 in Review
16 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Unit (COVAU) for Q3 2022, worth a combined $7.28M — down 67% from $21.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of COVAU and 1 opened new positions — a net loss of 6 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $213K. The largest seller was HGC Investment Management, exiting entirely with an estimated $6.27M sold.
- 16 institutional investors held COVA Acquisition Corp. Unit (COVAU) as of Q3 2022, down from 22 in Q2 2022.
- Funds reported $7.28M of COVA Acquisition Corp. Unit stock for Q3 2022, down 67% quarter-over-quarter.
- 1 fund opened new COVA Acquisition Corp. Unit positions in Q3 2022 and 7 closed out, a net change of -6 holders.
- The largest COVA Acquisition Corp. Unit buyer in Q3 2022 was Susquehanna International Group, an estimated $213K added.
- The largest COVA Acquisition Corp. Unit seller in Q3 2022 was HGC Investment Management, an estimated $6.27M sold.
Based on aggregated 13F filings for Q3 2022.