Covanta Holding Corporation
CVA
CVA was delisted on the 29th of November, 2021.
230 hedge funds and large institutions have $984M invested in Covanta Holding Corporation in 2020 Q2 according to their latest regulatory filings, with 35 funds opening new positions, 84 increasing their positions, 76 reducing their positions, and 53 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
15% more call options, than puts
Call options by funds: $1.79M | Put options by funds: $1.56M
15% more capital invested
Capital invested by funds: $859M → $984M (+$125M)
11% more repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 76
7% less funds holding
Funds holding: 248 → 230 (-18)
34% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 53
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECP
Electron Capital Partners
New York
|
+$17.8M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$15.7M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$14.1M |
| 4 |
AAP
Ardsley Advisory Partners
Stamford,
Connecticut
|
+$7.02M |
| 5 |
CCPM
Cooper Creek Partners Management
New York
|
+$5.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$10M |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$6.65M |
| 3 |
LCS
Levin Capital Strategies
New York
|
-$6.28M |
| 4 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$5.95M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$5.87M |
CVA Hedge Fund Activity: Q2 2020 in Review
230 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Covanta Holding Corporation (CVA) for Q2 2020, worth a combined $984M — up 15% from $859M a quarter earlier.
Sellers outnumbered buyers: 53 funds closed out of CVA and 35 opened new positions — a net loss of 18 holders — while 76 trimmed existing stakes and 84 added.
The largest buyer was Electron Capital Partners, opening a new position worth an estimated $17.8M. The largest seller was Renaissance Technologies, exiting entirely with an estimated $10M sold.
- 230 institutional investors held Covanta Holding Corporation (CVA) as of Q2 2020, down from 248 in Q1 2020.
- Funds reported $984M of Covanta Holding Corporation stock for Q2 2020, up 15% quarter-over-quarter.
- 35 funds opened new Covanta Holding Corporation positions in Q2 2020 and 53 closed out, a net change of -18 holders.
- The largest Covanta Holding Corporation buyer in Q2 2020 was Electron Capital Partners, an estimated $17.8M added.
- The largest Covanta Holding Corporation seller in Q2 2020 was Renaissance Technologies, an estimated $10M sold.
Based on aggregated 13F filings for Q2 2020.