Covisint Corporation
COVS
COVS was delisted on the 26th of July, 2017.
64 hedge funds and large institutions have $57.3M invested in Covisint Corporation in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 17 increasing their positions, 19 reducing their positions, and 10 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
9% less funds holding
Funds holding: 70 → 64 (-6)
11% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 19
22% less capital invested
Capital invested by funds: $73.1M → $57.3M (-$15.8M)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$1.09M |
| 2 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$979K |
| 3 |
JGC
J. Goldman & Co
New York
|
+$881K |
| 4 |
Neuberger Berman Group
New York
|
+$632K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$463K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$4.22M |
| 2 |
D.E. Shaw & Co
New York
|
-$480K |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$276K |
| 4 |
SIM
Spark Investment Management
New York
|
-$210K |
| 5 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$179K |
COVS Hedge Fund Activity: Q1 2016 in Review
64 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Covisint Corporation (COVS) for Q1 2016, worth a combined $57.3M — down 22% from $73.1M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of COVS and 4 opened new positions — a net loss of 6 holders — while 19 trimmed existing stakes and 17 added.
The largest buyer was Fidelity Investments, adding an estimated $1.09M. The largest seller was Portolan Capital Management, cutting an estimated $4.22M.
- 64 institutional investors held Covisint Corporation (COVS) as of Q1 2016, down from 70 in Q4 2015.
- Funds reported $57.3M of Covisint Corporation stock for Q1 2016, down 22% quarter-over-quarter.
- 4 funds opened new Covisint Corporation positions in Q1 2016 and 10 closed out, a net change of -6 holders.
- The largest Covisint Corporation buyer in Q1 2016 was Fidelity Investments, an estimated $1.09M added.
- The largest Covisint Corporation seller in Q1 2016 was Portolan Capital Management, an estimated $4.22M sold.
Based on aggregated 13F filings for Q1 2016.