Covisint Corporation
COVS
COVS was delisted on the 26th of July, 2017.
43 hedge funds and large institutions have $36.3M invested in Covisint Corporation in 2014 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 14 increasing their positions, 18 reducing their positions, and 9 closing their positions.
2% less funds holding
Funds holding: 44 → 43 (-1)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
22% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 18
38% less capital invested
Capital invested by funds: $58.8M → $36.3M (-$22.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Sandell Asset Management
New York
|
+$7.02M |
| 2 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$1.66M |
| 3 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$1.35M |
| 4 |
Morgan Stanley
New York
|
+$325K |
| 5 |
SIM
SSI Investment Management
Los Angeles,
California
|
+$305K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$10.8M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$3.91M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$724K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$202K |
| 5 |
Neuberger Berman Group
New York
|
-$156K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Barclays
London,
United Kingdom
| – | -$4.89K | -782 | -85% |
|
52
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -300 | Closed |
|
COVS Hedge Fund Activity: Q2 2014 in Review
43 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Covisint Corporation (COVS) for Q2 2014, worth a combined $36.3M — down 38% from $58.8M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of COVS and 8 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 14 added.
The largest buyer was Sandell Asset Management, opening a new position worth an estimated $7.02M. The largest seller was Capital World Investors, exiting entirely with an estimated $10.8M sold.
- 43 institutional investors held Covisint Corporation (COVS) as of Q2 2014, down from 44 in Q1 2014.
- Funds reported $36.3M of Covisint Corporation stock for Q2 2014, down 38% quarter-over-quarter.
- 8 funds opened new Covisint Corporation positions in Q2 2014 and 9 closed out, a net change of -1 holder.
- The largest Covisint Corporation buyer in Q2 2014 was Sandell Asset Management, an estimated $7.02M added.
- The largest Covisint Corporation seller in Q2 2014 was Capital World Investors, an estimated $10.8M sold.
Based on aggregated 13F filings for Q2 2014.