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COVS

Covisint Corporation
COVS

Delisted

COVS was delisted on the 26th of July, 2017.

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44 hedge funds and large institutions have $58.8M invested in Covisint Corporation in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 7 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

157% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 7

15% less funds holding

Funds holding: 52 → 44 (-8)

39% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 18

41% less capital invested

Capital invested by funds: $99.6M → $58.8M (-$40.9M)

Holders
44
Holders Change
-8
Holders Change %
-15.38%
% of All Funds
1.27%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
18
Reduced
7
Closed
18
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$7.32M
2
Neuberger Berman Group
Neuberger Berman Group
New York
+$4.3M
3
CWAM
Columbia Wanger Asset Management
Illinois
+$4.21M
4
RAM
Roumell Asset Management
Maryland
+$3.22M
5
TA
Teton Advisors
New York
+$2.48M

Top Sellers

Rank Fund Capital Flow
1
CAM
Cortina Asset Management
Wisconsin
-$5.75M
2
NCGI
Next Century Growth Investors
Minnesota
-$5.69M
3
Fidelity International
Fidelity International
Bermuda
-$5.46M
4
Federated Hermes
Federated Hermes
Pennsylvania
-$3.89M
5
NIP
Nicholas Investment Partners
California
-$3.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCIM
26
TIAA CREF Investment Management
New York
$141K – – –
ARTA
27
A.R.T. Advisors
New York
$127K +$175K +17,408 New
Charles Schwab
28
Charles Schwab
California
$111K +$3.02K +300 +2%
California State Teachers Retirement System (CalSTRS)
29
California State Teachers Retirement System (CalSTRS)
California
$97K – – –
Macquarie Group
30
Macquarie Group
Australia
$77K +$106K +10,533 New
TA
31
Teachers Advisors
New York
$53K – – –
U
32
UBS
Switzerland
$41K +$56.2K +5,590 New
NFA
33
Nationwide Fund Advisors
Ohio
$39K – – –
AIG
34
American International Group
New York
$36.7K +$1.21K +120 +2%
STC
35
SEI Trust Company
Pennsylvania
$33K – – –
BA
36
BlackRock Advisors
Delaware
$29K +$3.92K +390 +11%
Citigroup
37
Citigroup
New York
$24K -$2.27K -226 -6%
Deutsche Bank
38
Deutsche Bank
Germany
$21K -$592K -58,830 -95%
Morgan Stanley
39
Morgan Stanley
New York
$16K -$1.23M -122,601 -98%
Barclays
40
Barclays
United Kingdom
$6K +$1.73K +172 +23%
TRCT
41
Tower Research Capital (TRC)
New York
$4K -$614 -61 -11%
Royal Bank of Canada
42
Royal Bank of Canada
Ontario, Canada
$2K – – –
Manulife (Manufacturers Life Insurance)
43
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2 – – –
CAM
44
Cortina Asset Management
Wisconsin
– -$5.75M -457,732 Closed
NCGI
45
Next Century Growth Investors
Minnesota
– -$5.69M -453,596 Closed
Fidelity International
46
Fidelity International
Bermuda
– -$5.46M -435,448 Closed
Federated Hermes
47
Federated Hermes
Pennsylvania
– -$3.89M -310,000 Closed
NIP
48
Nicholas Investment Partners
California
– -$3.77M -300,697 Closed
PCM
49
Penn Capital Management
Pennsylvania
– -$3.29M -262,440 Closed
PRCM
50
Pine River Capital Management
Minnesota
– -$2.48M -198,000 Closed
1
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3

COVS Hedge Fund Activity: Q1 2014 in Review

44 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Covisint Corporation (COVS) for Q1 2014, worth a combined $58.8M — down 41% from $99.6M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of COVS and 11 opened new positions — a net loss of 7 holders — while 7 trimmed existing stakes and 18 added.

The largest buyer was Fidelity Investments, adding an estimated $7.32M. The largest seller was Cortina Asset Management, exiting entirely with an estimated $5.75M sold.

  • 44 institutional investors held Covisint Corporation (COVS) as of Q1 2014, down from 52 in Q4 2013.
  • Funds reported $58.8M of Covisint Corporation stock for Q1 2014, down 41% quarter-over-quarter.
  • 11 funds opened new Covisint Corporation positions in Q1 2014 and 18 closed out, a net change of -7 holders.
  • The largest Covisint Corporation buyer in Q1 2014 was Fidelity Investments, an estimated $7.32M added.
  • The largest Covisint Corporation seller in Q1 2014 was Cortina Asset Management, an estimated $5.75M sold.

Based on aggregated 13F filings for Q1 2014.