Covisint Corporation
COVS
COVS was delisted on the 26th of July, 2017.
105 hedge funds and large institutions have $68.1M invested in Covisint Corporation in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 29 increasing their positions, 29 reducing their positions, and 34 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 29
20% less funds holding
Funds holding: 131 → 105 (-26)
22% less capital invested
Capital invested by funds: $87.7M → $68.1M (-$19.6M)
74% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 34
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $8K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.6M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$2.27M |
| 3 |
Neuberger Berman Group
New York
|
+$1.75M |
| 4 |
DCM
Dialectic Capital Management
Norwalk,
Connecticut
|
+$1.64M |
| 5 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$1.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parnassus Investments
San Francisco,
California
|
-$5.87M |
| 2 |
SAM
Sandell Asset Management
New York
|
-$2.6M |
| 3 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$1.81M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$970K |
| 5 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$816K |
COVS Hedge Fund Activity: Q1 2015 in Review
105 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Covisint Corporation (COVS) for Q1 2015, worth a combined $68.1M — down 22% from $87.7M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of COVS and 9 opened new positions — a net loss of 25 holders — while 29 trimmed existing stakes and 29 added.
The largest buyer was Fidelity Investments, adding an estimated $3.6M. The largest seller was Parnassus Investments, exiting entirely with an estimated $5.87M sold.
- 105 institutional investors held Covisint Corporation (COVS) as of Q1 2015, down from 131 in Q4 2014.
- Funds reported $68.1M of Covisint Corporation stock for Q1 2015, down 22% quarter-over-quarter.
- 9 funds opened new Covisint Corporation positions in Q1 2015 and 34 closed out, a net change of -25 holders.
- The largest Covisint Corporation buyer in Q1 2015 was Fidelity Investments, an estimated $3.6M added.
- The largest Covisint Corporation seller in Q1 2015 was Parnassus Investments, an estimated $5.87M sold.
Based on aggregated 13F filings for Q1 2015.