COVA Acquisition Corp. Warrants to purchase Class A ordinary shares
COVAW
COVAW was delisted on the 20th of December, 2022.
56 hedge funds and large institutions have $8.6M invested in COVA Acquisition Corp. Warrants to purchase Class A ordinary shares in 2021 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 4 closing their positions.
300% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 4
27% more funds holding
Funds holding: 44 → 56 (+12)
10% less capital invested
Capital invested by funds: $9.52M → $8.6M (-$920K)
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$313K |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$104K |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
+$68.8K |
| 4 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$52.7K |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$47.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Athanor Capital
New York
|
-$198K |
| 2 |
RA
Ramius Advisors
New York
|
-$134K |
| 3 |
ICM
Ionic Capital Management
New York
|
-$111K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$31K |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$14K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of America
Charlotte,
North Carolina
| $4K | – | – | – |
|
52
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $4K | +$5.29K | +7,528 | New |
|
53
UBS Group
Zurich,
Switzerland
| $2K | +$2.41K | +3,430 | New |
|
|
SGAM
54
Seaport Global Asset Management
New York
| $1K | +$1.86K | +2,650 | New |
|
55
Walleye Capital
New York
| $9 | +$10.5K | +15,000 | New |
|
|
ICM
56
Ionic Capital Management
New York
| – | -$111K | -125,000 | Closed |
|
|
WAM
57
Wolverine Asset Management
Chicago,
Illinois
| – | -$31K | -35,564 | Closed |
|
|
AC
58
Athanor Capital
New York
| – | -$198K | -20,434 | Closed |
|
|
EAM
59
Exos Asset Management
New York
| – | -$4K | -5,000 | Closed |
|
COVAW Hedge Fund Activity: Q3 2021 in Review
56 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in COVA Acquisition Corp. Warrants to purchase Class A ordinary shares (COVAW) for Q3 2021, worth a combined $8.6M — down 9.7% from $9.52M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new COVAW positions and 4 closed out — a net gain of 12 holders — while 5 added to existing stakes and 6 trimmed.
The largest buyer was K2 Principal Fund, opening a new position worth an estimated $313K. The largest seller was Athanor Capital, exiting entirely with an estimated $198K sold.
- 56 institutional investors held COVA Acquisition Corp. Warrants to purchase Class A ordinary shares (COVAW) as of Q3 2021, up from 44 in Q2 2021.
- Funds reported $8.6M of COVA Acquisition Corp. Warrants to purchase Class A ordinary shares stock for Q3 2021, down 9.7% quarter-over-quarter.
- 16 funds opened new COVA Acquisition Corp. Warrants to purchase Class A ordinary shares positions in Q3 2021 and 4 closed out, a net change of +12 holders.
- The largest COVA Acquisition Corp. Warrants to purchase Class A ordinary shares buyer in Q3 2021 was K2 Principal Fund, an estimated $313K added.
- The largest COVA Acquisition Corp. Warrants to purchase Class A ordinary shares seller in Q3 2021 was Athanor Capital, an estimated $198K sold.
Based on aggregated 13F filings for Q3 2021.