Covisint Corporation
COVS
COVS was delisted on the 26th of July, 2017.
71 hedge funds and large institutions have $63.9M invested in Covisint Corporation in 2015 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 29 reducing their positions, and 19 closing their positions.
17% less funds holding
Funds holding: 86 → 71 (-15)
36% less capital invested
Capital invested by funds: $101M → $63.9M (-$36.6M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
62% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 29
79% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$1.85M |
| 2 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$845K |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$283K |
| 4 |
Neuberger Berman Group
New York
|
+$199K |
| 5 |
D.E. Shaw & Co
New York
|
+$117K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$828K |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$808K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$721K |
| 4 |
Renaissance Technologies
New York
|
-$568K |
| 5 |
Norges Bank
Oslo,
Norway
|
-$433K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
76
Credit Suisse
Zurich,
Switzerland
| – | -$43K | -13,218 | Closed |
|
77
Marshall Wace
London,
United Kingdom
| – | -$38K | -11,640 | Closed |
|
|
TDC
78
Thompson Davis & Co
Richmond,
Virginia
| – | -$3K | -869 | Closed |
|
COVS Hedge Fund Activity: Q3 2015 in Review
71 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Covisint Corporation (COVS) for Q3 2015, worth a combined $63.9M — down 36% from $101M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of COVS and 4 opened new positions — a net loss of 15 holders — while 29 trimmed existing stakes and 11 added.
The largest buyer was Portolan Capital Management, adding an estimated $1.85M. The largest seller was UBS O'Connor, exiting entirely with an estimated $828K sold.
- 71 institutional investors held Covisint Corporation (COVS) as of Q3 2015, down from 86 in Q2 2015.
- Funds reported $63.9M of Covisint Corporation stock for Q3 2015, down 36% quarter-over-quarter.
- 4 funds opened new Covisint Corporation positions in Q3 2015 and 19 closed out, a net change of -15 holders.
- The largest Covisint Corporation buyer in Q3 2015 was Portolan Capital Management, an estimated $1.85M added.
- The largest Covisint Corporation seller in Q3 2015 was UBS O'Connor, an estimated $828K sold.
Based on aggregated 13F filings for Q3 2015.