Covisint Corporation
COVS
COVS was delisted on the 26th of July, 2017.
86 hedge funds and large institutions have $101M invested in Covisint Corporation in 2015 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 18 increasing their positions, 36 reducing their positions, and 33 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
48% more capital invested
Capital invested by funds: $68.1M → $101M (+$32.4M)
18% less funds holding
Funds holding: 105 → 86 (-19)
50% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 36
58% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 33
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JGC
J. Goldman & Co
New York
|
+$3.6M |
| 2 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$2.14M |
| 3 |
Renaissance Technologies
New York
|
+$1.55M |
| 4 |
Neuberger Berman Group
New York
|
+$1.42M |
| 5 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OP
Osmium Partners
Greenbrae,
California
|
-$2.43M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$2.27M |
| 3 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$1.99M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.99M |
| 5 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$1.72M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SO
101
STRS Ohio
Columbus,
Ohio
| – | -$6K | -3,027 | Closed |
|
102
Invesco
Atlanta,
Georgia
| – | -$4K | -2,048 | Closed |
|
103
BNP Paribas Financial Markets
Paris,
France
| – | -$1.78K | -879 | Closed |
|
104
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$66 | -28 | -16% |
|
105
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$33 | -14 | -78% |
|
|
AIM
106
Advantage Investment Management
Cedar Rapids,
Iowa
| – | +$133 | +56 | New |
|
COVS Hedge Fund Activity: Q2 2015 in Review
86 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Covisint Corporation (COVS) for Q2 2015, worth a combined $101M — up 48% from $68.1M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of COVS and 14 opened new positions — a net loss of 19 holders — while 36 trimmed existing stakes and 18 added.
The largest buyer was J. Goldman & Co, adding an estimated $3.6M. The largest seller was Osmium Partners, exiting entirely with an estimated $2.43M sold.
- 86 institutional investors held Covisint Corporation (COVS) as of Q2 2015, down from 105 in Q1 2015.
- Funds reported $101M of Covisint Corporation stock for Q2 2015, up 48% quarter-over-quarter.
- 14 funds opened new Covisint Corporation positions in Q2 2015 and 33 closed out, a net change of -19 holders.
- The largest Covisint Corporation buyer in Q2 2015 was J. Goldman & Co, an estimated $3.6M added.
- The largest Covisint Corporation seller in Q2 2015 was Osmium Partners, an estimated $2.43M sold.
Based on aggregated 13F filings for Q2 2015.