COVANCE INC.
CVD
CVD was delisted on the 18th of February, 2015.
290 hedge funds and large institutions have $5.45B invested in COVANCE INC. in 2014 Q4 according to their latest regulatory filings, with 80 funds opening new positions, 65 increasing their positions, 111 reducing their positions, and 84 closing their positions.
32% more capital invested
Capital invested by funds: $4.13B → $5.45B (+$1.32B)
5% less first-time investments, than exits
New positions opened: 80 | Existing positions closed: 84
3% less funds holding
Funds holding: 299 → 290 (-9)
41% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 111
82% less call options, than puts
Call options by funds: $774K | Put options by funds: $4.22M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
+$212M |
| 2 |
YCMGA
York Capital Management Global Advisors
New York
|
+$153M |
| 3 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$132M |
| 4 |
WIC
Water Island Capital
New York
|
+$115M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$106M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$390M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$203M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$115M |
| 4 |
Lazard Asset Management
New York
|
-$99M |
| 5 |
Bank of New York Mellon
New York
|
-$98M |
CVD Hedge Fund Activity: Q4 2014 in Review
290 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in COVANCE INC. (CVD) for Q4 2014, worth a combined $5.45B — up 32% from $4.13B a quarter earlier.
Sellers outnumbered buyers: 84 funds closed out of CVD and 80 opened new positions — a net loss of 4 holders — while 111 trimmed existing stakes and 65 added.
The largest buyer was Davidson Kempner Capital Management, opening a new position worth an estimated $212M. The largest seller was Wellington Management Group, exiting entirely with an estimated $390M sold.
- 290 institutional investors held COVANCE INC. (CVD) as of Q4 2014, down from 299 in Q3 2014.
- Funds reported $5.45B of COVANCE INC. stock for Q4 2014, up 32% quarter-over-quarter.
- 80 funds opened new COVANCE INC. positions in Q4 2014 and 84 closed out, a net change of -4 holders.
- The largest COVANCE INC. buyer in Q4 2014 was Davidson Kempner Capital Management, an estimated $212M added.
- The largest COVANCE INC. seller in Q4 2014 was Wellington Management Group, an estimated $390M sold.
Based on aggregated 13F filings for Q4 2014.