Covisint Corporation
COVS
COVS was delisted on the 26th of July, 2017.
57 hedge funds and large institutions have $55M invested in Covisint Corporation in 2017 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 18 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
5% more capital invested
Capital invested by funds: $52.3M → $55M (+$2.72M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
7% less funds holding
Funds holding: 61 → 57 (-4)
28% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.91M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$222K |
| 3 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$180K |
| 4 |
Neuberger Berman Group
New York
|
+$147K |
| 5 |
Bank of New York Mellon
New York
|
+$17.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
-$1.02M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$337K |
| 3 |
FM
Fondren Management
Houston,
Texas
|
-$199K |
| 4 |
Russell Investments Group
London,
United Kingdom
|
-$168K |
| 5 |
SIM
Spark Investment Management
New York
|
-$62.8K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$1.07K | -536 | -87% |
|
52
Bank of America
Charlotte,
North Carolina
| – | -$670 | -336 | -69% |
|
53
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$42 | -21 | -58% |
|
|
SPIA
54
Steward Partners Investment Advisory
New York
| – | +$28 | +14 | New |
|
55
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | +$203 | +102 | +243% |
|
|
AG
56
Advisor Group
Phoenix,
Arizona
| – | +$227 | +114 | +2,850% |
|
COVS Hedge Fund Activity: Q1 2017 in Review
57 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Covisint Corporation (COVS) for Q1 2017, worth a combined $55M — up 5.2% from $52.3M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new COVS positions and 4 closed out — a net gain of 2 holders — while 13 added to existing stakes and 18 trimmed.
The largest buyer was BlackRock, opening a new position worth an estimated $1.91M. The largest seller was Dialectic Capital Management, cutting an estimated $1.02M.
- 57 institutional investors held Covisint Corporation (COVS) as of Q1 2017, down from 61 in Q4 2016.
- Funds reported $55M of Covisint Corporation stock for Q1 2017, up 5.2% quarter-over-quarter.
- 6 funds opened new Covisint Corporation positions in Q1 2017 and 4 closed out, a net change of +2 holders.
- The largest Covisint Corporation buyer in Q1 2017 was BlackRock, an estimated $1.91M added.
- The largest Covisint Corporation seller in Q1 2017 was Dialectic Capital Management, an estimated $1.02M sold.
Based on aggregated 13F filings for Q1 2017.