Covisint Corporation
COVS
COVS was delisted on the 26th of July, 2017.
61 hedge funds and large institutions have $52.3M invested in Covisint Corporation in 2016 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 21 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
3% more funds holding
Funds holding: 59 → 61 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
14% less capital invested
Capital invested by funds: $61M → $52.3M (-$8.77M)
52% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$1M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$86.2K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$24.6K |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$24K |
| 5 |
Renaissance Technologies
New York
|
+$18.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.13M |
| 2 |
TA
Teton Advisors
Rye,
New York
|
-$691K |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$490K |
| 4 |
Neuberger Berman Group
New York
|
-$163K |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$102K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $1K | – | – | – |
|
52
Walleye Trading
New York
| $1K | +$863 | +400 | New |
|
|
TA
53
Teton Advisors
Rye,
New York
| – | -$691K | -317,175 | Closed |
|
|
PPA
54
Parametric Portfolio Associates
Seattle,
Washington
| – | -$27K | -12,559 | Closed |
|
55
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$390 | -181 | -81% |
|
|
LTFS
56
Ladenburg Thalmann Financial Services
Miami,
Florida
| – | +$15 | +7 | +25% |
|
57
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$78 | +36 | New |
|
COVS Hedge Fund Activity: Q4 2016 in Review
61 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Covisint Corporation (COVS) for Q4 2016, worth a combined $52.3M — down 14% from $61M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new COVS positions and 2 closed out — a net gain of 3 holders — while 10 added to existing stakes and 21 trimmed.
The largest buyer was Dialectic Capital Management, adding an estimated $1M. The largest seller was Vanguard Group, cutting an estimated $1.13M.
- 61 institutional investors held Covisint Corporation (COVS) as of Q4 2016, up from 59 in Q3 2016.
- Funds reported $52.3M of Covisint Corporation stock for Q4 2016, down 14% quarter-over-quarter.
- 5 funds opened new Covisint Corporation positions in Q4 2016 and 2 closed out, a net change of +3 holders.
- The largest Covisint Corporation buyer in Q4 2016 was Dialectic Capital Management, an estimated $1M added.
- The largest Covisint Corporation seller in Q4 2016 was Vanguard Group, an estimated $1.13M sold.
Based on aggregated 13F filings for Q4 2016.