Covisint Corporation
COVS
COVS was delisted on the 26th of July, 2017.
70 hedge funds and large institutions have $66M invested in Covisint Corporation in 2017 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 11 increasing their positions, 22 reducing their positions, and 7 closing their positions.
200% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 7
23% more funds holding
Funds holding: 57 → 70 (+13)
20% more capital invested
Capital invested by funds: $55M → $66M (+$11M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
50% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BRF
B. Riley Financial
Los Angeles,
California
|
+$6.56M |
| 2 |
CC
Coastland Capital
Palo Alto,
California
|
+$2.5M |
| 3 |
CC
Carlson Capital
Dallas,
Texas
|
+$1.06M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$1.04M |
| 5 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$1.04M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JGC
J. Goldman & Co
New York
|
-$4.88M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$1.3M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$1.03M |
| 4 |
RAM
Roumell Asset Management
Chevy Chase,
Maryland
|
-$905K |
| 5 |
Russell Investments Group
London,
United Kingdom
|
-$633K |
COVS Hedge Fund Activity: Q2 2017 in Review
70 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Covisint Corporation (COVS) for Q2 2017, worth a combined $66M — up 20% from $55M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new COVS positions and 7 closed out — a net gain of 14 holders — while 11 added to existing stakes and 22 trimmed.
The largest buyer was B. Riley Financial, opening a new position worth an estimated $6.56M. The largest seller was J. Goldman & Co, cutting an estimated $4.88M.
- 70 institutional investors held Covisint Corporation (COVS) as of Q2 2017, up from 57 in Q1 2017.
- Funds reported $66M of Covisint Corporation stock for Q2 2017, up 20% quarter-over-quarter.
- 21 funds opened new Covisint Corporation positions in Q2 2017 and 7 closed out, a net change of +14 holders.
- The largest Covisint Corporation buyer in Q2 2017 was B. Riley Financial, an estimated $6.56M added.
- The largest Covisint Corporation seller in Q2 2017 was J. Goldman & Co, an estimated $4.88M sold.
Based on aggregated 13F filings for Q2 2017.