COVANCE INC.
CVD
CVD was delisted on the 18th of February, 2015.
299 hedge funds and large institutions have $4.13B invested in COVANCE INC. in 2014 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 102 increasing their positions, 114 reducing their positions, and 26 closing their positions.
38% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 26
3% more funds holding
Funds holding: 291 → 299 (+8)
9% less capital invested
Capital invested by funds: $4.54B → $4.13B (-$413M)
11% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 114
24% less call options, than puts
Call options by funds: $2.45M | Put options by funds: $3.23M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
+$93.7M |
| 2 |
CC
Carlson Capital
Dallas,
Texas
|
+$28.3M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
+$27.3M |
| 4 |
Millennium Management
New York
|
+$26.4M |
| 5 |
GAM
Gotham Asset Management
New York
|
+$25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$95.9M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$43.5M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$42.5M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$37.5M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
-$29.6M |
CVD Hedge Fund Activity: Q3 2014 in Review
299 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in COVANCE INC. (CVD) for Q3 2014, worth a combined $4.13B — down 9.1% from $4.54B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new CVD positions and 26 closed out — a net gain of 10 holders — while 102 added to existing stakes and 114 trimmed.
The largest buyer was Wells Fargo, adding an estimated $93.7M. The largest seller was American Century Companies, cutting an estimated $95.9M.
- 299 institutional investors held COVANCE INC. (CVD) as of Q3 2014, up from 291 in Q2 2014.
- Funds reported $4.13B of COVANCE INC. stock for Q3 2014, down 9.1% quarter-over-quarter.
- 36 funds opened new COVANCE INC. positions in Q3 2014 and 26 closed out, a net change of +10 holders.
- The largest COVANCE INC. buyer in Q3 2014 was Wells Fargo, an estimated $93.7M added.
- The largest COVANCE INC. seller in Q3 2014 was American Century Companies, an estimated $95.9M sold.
Based on aggregated 13F filings for Q3 2014.