Covisint Corporation
COVS
COVS was delisted on the 26th of July, 2017.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$7.32M |
| 2 |
Neuberger Berman Group
New York
|
+$4.3M |
| 3 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$4.21M |
| 4 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$3.22M |
| 5 |
TA
Teton Advisors
Rye,
New York
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
-$5.75M |
| 2 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
-$5.69M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
-$5.46M |
| 4 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$3.89M |
| 5 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
-$3.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Alyeska Investment Group
Chicago,
Illinois
| – | -$1.88M | -150,000 | Closed |
|
52
Axa
Paris,
France
| – | -$1.42M | -113,200 | Closed |
|
|
LCS
53
Levin Capital Strategies
New York
| – | -$1.14M | -90,492 | Closed |
|
54
California Public Employees Retirement System
Sacramento,
California
| – | -$798K | -63,098 | Closed |
|
|
RFC
55
Russell Frank Company
Seattle,
Washington
| – | -$351K | -37,718 | Closed |
|
|
SB
56
Suntrust Banks
Atlanta,
Georgia
| – | -$393K | -31,428 | Closed |
|
57
D.E. Shaw & Co
New York
| – | -$375K | -29,857 | Closed |
|
|
SCA
58
SAC Capital Advisors
Stamford,
Connecticut
| – | -$348K | -27,700 | Closed |
|
|
MAA
59
Managed Account Advisors
Jersey City,
New Jersey
| – | -$257K | -20,440 | Closed |
|
|
1CM
60
1492 Capital Management
Milwaukee,
Wisconsin
| – | -$125K | -10,000 | Closed |
|
61
Wells Fargo
San Francisco,
California
| – | -$35K | -2,800 | Closed |
|
62
Bank of America
Charlotte,
North Carolina
| – | -$1.53K | -152 | -76% |
|
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.