Covisint Corporation
COVS
COVS was delisted on the 26th of July, 2017.
41 hedge funds and large institutions have $30.3M invested in Covisint Corporation in 2014 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 11 reducing their positions, and 7 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 11
5% less funds holding
Funds holding: 43 → 41 (-2)
17% less capital invested
Capital invested by funds: $36.3M → $30.3M (-$6.06M)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
LionEye Capital Management
New York
|
+$2.46M |
| 2 |
Neuberger Berman Group
New York
|
+$1.57M |
| 3 |
LOM
Loeb Offshore Management
New York
|
+$1.12M |
| 4 |
JGC
J. Goldman & Co
New York
|
+$961K |
| 5 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$397K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Sandell Asset Management
New York
|
-$5.45M |
| 2 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.46M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
-$554K |
| 4 |
Morgan Stanley
New York
|
-$242K |
| 5 |
SIM
SSI Investment Management
Los Angeles,
California
|
-$237K |
COVS Hedge Fund Activity: Q3 2014 in Review
41 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Covisint Corporation (COVS) for Q3 2014, worth a combined $30.3M — down 17% from $36.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of COVS and 5 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 17 added.
The largest buyer was LionEye Capital Management, opening a new position worth an estimated $2.46M. The largest seller was Sandell Asset Management, exiting entirely with an estimated $5.45M sold.
- 41 institutional investors held Covisint Corporation (COVS) as of Q3 2014, down from 43 in Q2 2014.
- Funds reported $30.3M of Covisint Corporation stock for Q3 2014, down 17% quarter-over-quarter.
- 5 funds opened new Covisint Corporation positions in Q3 2014 and 7 closed out, a net change of -2 holders.
- The largest Covisint Corporation buyer in Q3 2014 was LionEye Capital Management, an estimated $2.46M added.
- The largest Covisint Corporation seller in Q3 2014 was Sandell Asset Management, an estimated $5.45M sold.
Based on aggregated 13F filings for Q3 2014.