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CVD

COVANCE INC.
CVD

Delisted

CVD was delisted on the 18th of February, 2015.

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2 hedge funds and large institutions have $20.4M invested in COVANCE INC. in 2015 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, 0 reducing their positions, and 285 closing their positions.

New
Increased
Maintained
Reduced
Closed

99% less funds holding

Funds holding: 290 → 2 (-288)

100% less capital invested

Capital invested by funds: $5.45B → $20.4M (-$5.43B)

100% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 285

100% less funds holding in top 10

Funds holding in top 10: 19 → 0 (-19)

Holders
2
Holders Change
-288
Holders Change %
-99.31%
% of All Funds
0.05%
Holding in Top 10
–
Holding in Top 10 Change
-19
Holding in Top 10 Change %
-100%
% of All Funds
–
New
1
Increased
–
Reduced
–
Closed
285
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BC
Burney Company
Virginia
+$1.84M

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$358M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$338M
3
Brown Advisory
Brown Advisory
Maryland
-$323M
4
DKCM
Davidson Kempner Capital Management
New York
-$235M
5
Wells Fargo
Wells Fargo
California
-$204M
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
1
California Public Employees Retirement System
California
$18.6M – – –
BC
2
Burney Company
Virginia
$1.85M +$1.84M +17,349 New
Vanguard Group
3
Vanguard Group
Pennsylvania
– -$358M -3,444,658 Closed
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
– -$338M -3,252,502 Closed
Brown Advisory
5
Brown Advisory
Maryland
– -$323M -3,109,194 Closed
DKCM
6
Davidson Kempner Capital Management
New York
– -$235M -2,262,949 Closed
Wells Fargo
7
Wells Fargo
California
– -$204M -1,968,128 Closed
Bank of New York Mellon
8
Bank of New York Mellon
New York
– -$185M -1,784,019 Closed
BFA
9
BlackRock Fund Advisors
California
– -$179M -1,724,019 Closed
YCMGA
10
York Capital Management Global Advisors
New York
– -$170M -1,633,252 Closed
BIT
11
BlackRock Institutional Trust
California
– -$160M -1,537,051 Closed
State Street
12
State Street
Massachusetts
– -$151M -1,452,719 Closed
AAM
13
Alpine Associates Management
Florida
– -$151M -1,450,396 Closed
EARNEST Partners
14
EARNEST Partners
Georgia
– -$150M -1,448,017 Closed
PCM
15
Pentwater Capital Management
Florida
– -$146M -1,405,350 Closed
WIC
16
Water Island Capital
New York
– -$127M -1,225,758 Closed
AQR Capital Management
17
AQR Capital Management
Connecticut
– -$124M -1,190,476 Closed
OAM
18
Oxford Asset Management
United Kingdom
– -$107M -1,029,987 Closed
JCI
19
Jet Capital Investors
New York
– -$106M -1,025,000 Closed
ACPU
20
Arrowgrass Capital Partners (US)
Delaware
– -$97.9M -943,020 Closed
Morgan Stanley
21
Morgan Stanley
New York
– -$93.9M -904,559 Closed
UOC
22
UBS O'Connor
Illinois
– -$84.1M -810,100 Closed
Adage Capital Partners
23
Adage Capital Partners
Massachusetts
– -$78.4M -755,000 Closed
BlackRock
24
BlackRock
New York
– -$74.2M -714,328 Closed
GCL
25
Glazer Capital LLC
New York
– -$53.6M -516,108 Closed
1
2 3 4 5

CVD Hedge Fund Activity: Q1 2015 in Review

2 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in COVANCE INC. (CVD) for Q1 2015, worth a combined $20.4M — down 100% from $5.45B a quarter earlier.

Sellers outnumbered buyers: 285 funds closed out of CVD and 1 opened new positions — a net loss of 284 holders — while 0 trimmed existing stakes and 0 added.

The largest buyer was Burney Company, opening a new position worth an estimated $1.84M. The largest seller was Vanguard Group, exiting entirely with an estimated $358M sold.

  • 2 institutional investors held COVANCE INC. (CVD) as of Q1 2015, down from 290 in Q4 2014.
  • Funds reported $20.4M of COVANCE INC. stock for Q1 2015, down 100% quarter-over-quarter.
  • 1 fund opened new COVANCE INC. positions in Q1 2015 and 285 closed out, a net change of -284 holders.
  • The largest COVANCE INC. buyer in Q1 2015 was Burney Company, an estimated $1.84M added.
  • The largest COVANCE INC. seller in Q1 2015 was Vanguard Group, an estimated $358M sold.

Based on aggregated 13F filings for Q1 2015.