COVANCE INC.
CVD
CVD was delisted on the 18th of February, 2015.
291 hedge funds and large institutions have $4.54B invested in COVANCE INC. in 2014 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 114 increasing their positions, 97 reducing their positions, and 45 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 97
4% less funds holding
Funds holding: 303 → 291 (-12)
20% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 45
20% less capital invested
Capital invested by funds: $5.7B → $4.54B (-$1.16B)
23% less call options, than puts
Call options by funds: $4.96M | Put options by funds: $6.48M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$53.8M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
+$53.2M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$40.4M |
| 4 |
GAM
Gotham Asset Management
New York
|
+$30.6M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$25.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$269M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$43.9M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$40.3M |
| 4 |
CCI
Columbus Circle Investors
|
-$34.7M |
| 5 |
RIM
Rainier Investment Management
Seattle,
Washington
|
-$27.6M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
326
Stifel Financial
St. Louis,
Missouri
| – | -$225K | -2,167 | Closed |
|
|
GIA
327
Gateway Investment Advisers
Cincinnati,
Ohio
| – | -$219K | -2,108 | Closed |
|
|
B
328
Barings
Charlotte,
North Carolina
| – | -$208K | -2,000 | Closed |
|
329
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$203K | -1,957 | Closed |
|
|
OSAM
330
O'Shaughnessy Asset Management
Stamford,
Connecticut
| – | -$142K | -1,368 | Closed |
|
331
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$114K | -1,100 | Closed |
|
332
Parallax Volatility Advisers
San Francisco,
California
| – | -$84.7K | -951 | Closed |
|
|
JFGIW
333
Johnson Financial Group Inc (Wisconsin)
Racine,
Wisconsin
| – | -$58K | -560 | Closed |
|
334
Credit Agricole
Montrouge Cedex,
France
| – | -$38K | -370 | Closed |
|
|
AW
335
Alpha Windward
Westwood,
Massachusetts
| – | -$36K | -349 | Closed |
|
|
BPBT
336
Boston Private Bank & Trust
Boston,
Massachusetts
| – | -$2K | -22 | Closed |
|
CVD Hedge Fund Activity: Q2 2014 in Review
291 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in COVANCE INC. (CVD) for Q2 2014, worth a combined $4.54B — down 20% from $5.7B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of CVD and 36 opened new positions — a net loss of 9 holders — while 97 trimmed existing stakes and 114 added.
The largest buyer was Acadian Asset Management, opening a new position worth an estimated $53.8M. The largest seller was Artisan Partners, exiting entirely with an estimated $269M sold.
- 291 institutional investors held COVANCE INC. (CVD) as of Q2 2014, down from 303 in Q1 2014.
- Funds reported $4.54B of COVANCE INC. stock for Q2 2014, down 20% quarter-over-quarter.
- 36 funds opened new COVANCE INC. positions in Q2 2014 and 45 closed out, a net change of -9 holders.
- The largest COVANCE INC. buyer in Q2 2014 was Acadian Asset Management, an estimated $53.8M added.
- The largest COVANCE INC. seller in Q2 2014 was Artisan Partners, an estimated $269M sold.
Based on aggregated 13F filings for Q2 2014.