COVANCE INC.
CVD
CVD was delisted on the 18th of February, 2015.
303 hedge funds and large institutions have $5.7B invested in COVANCE INC. in 2014 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 119 increasing their positions, 106 reducing their positions, and 26 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
27% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 26
21% more capital invested
Capital invested by funds: $4.72B → $5.7B (+$985M)
12% more repeat investments, than reductions
Existing positions increased: 119 | Existing positions reduced: 106
2% more funds holding
Funds holding: 298 → 303 (+5)
9% more call options, than puts
Call options by funds: $13.6M | Put options by funds: $12.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
+$164M |
| 2 |
RIM
Rainier Investment Management
Seattle,
Washington
|
+$26.3M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$21.6M |
| 4 |
BII
Baring International Investment
London,
United Kingdom
|
+$14.6M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$12.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$37.1M |
| 2 |
Calamos Advisors
Naperville,
Illinois
|
-$34.7M |
| 3 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$15.2M |
| 4 |
PC
Polar Capital
London,
United Kingdom
|
-$13.2M |
| 5 |
KIM
Kestrel Investment Management
San Mateo,
California
|
-$11.6M |
CVD Hedge Fund Activity: Q1 2014 in Review
303 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in COVANCE INC. (CVD) for Q1 2014, worth a combined $5.7B — up 21% from $4.72B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new CVD positions and 26 closed out — a net gain of 7 holders — while 119 added to existing stakes and 106 trimmed.
The largest buyer was Bank of New York Mellon, adding an estimated $164M. The largest seller was T. Rowe Price Associates, cutting an estimated $37.1M.
- 303 institutional investors held COVANCE INC. (CVD) as of Q1 2014, up from 298 in Q4 2013.
- Funds reported $5.7B of COVANCE INC. stock for Q1 2014, up 21% quarter-over-quarter.
- 33 funds opened new COVANCE INC. positions in Q1 2014 and 26 closed out, a net change of +7 holders.
- The largest COVANCE INC. buyer in Q1 2014 was Bank of New York Mellon, an estimated $164M added.
- The largest COVANCE INC. seller in Q1 2014 was T. Rowe Price Associates, an estimated $37.1M sold.
Based on aggregated 13F filings for Q1 2014.