Covetrus, Inc. Common Stock
CVET
CVET was delisted on the 12th of October, 2022.
320 hedge funds and large institutions have $2.54B invested in Covetrus, Inc. Common Stock in 2019 Q2 according to their latest regulatory filings, with 66 funds opening new positions, 106 increasing their positions, 88 reducing their positions, and 80 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
20% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 88
6% less funds holding
Funds holding: 340 → 320 (-20)
13% less capital invested
Capital invested by funds: $2.91B → $2.54B (-$365M)
18% less first-time investments, than exits
New positions opened: 66 | Existing positions closed: 80
46% less call options, than puts
Call options by funds: $1.56M | Put options by funds: $2.91M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$85.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$53.1M |
| 3 |
FCM
Freshford Capital Management
Rye Brook,
New York
|
+$34.5M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
+$31.3M |
| 5 |
Goldman Sachs
New York
|
+$28.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIM
Generation Investment Management
London,
United Kingdom
|
-$121M |
| 2 |
RSCM
Rock Springs Capital Management
Baltimore,
Maryland
|
-$17.8M |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
-$14.6M |
| 4 |
New York State Common Retirement Fund
Albany,
New York
|
-$7.51M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.72M |
CVET Hedge Fund Activity: Q2 2019 in Review
320 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Covetrus, Inc. Common Stock (CVET) for Q2 2019, worth a combined $2.54B — down 13% from $2.91B a quarter earlier.
Sellers outnumbered buyers: 80 funds closed out of CVET and 66 opened new positions — a net loss of 14 holders — while 88 trimmed existing stakes and 106 added.
The largest buyer was Select Equity Group, adding an estimated $85.3M. The largest seller was Generation Investment Management, exiting entirely with an estimated $121M sold.
- 320 institutional investors held Covetrus, Inc. Common Stock (CVET) as of Q2 2019, down from 340 in Q1 2019.
- Funds reported $2.54B of Covetrus, Inc. Common Stock stock for Q2 2019, down 13% quarter-over-quarter.
- 66 funds opened new Covetrus, Inc. Common Stock positions in Q2 2019 and 80 closed out, a net change of -14 holders.
- The largest Covetrus, Inc. Common Stock buyer in Q2 2019 was Select Equity Group, an estimated $85.3M added.
- The largest Covetrus, Inc. Common Stock seller in Q2 2019 was Generation Investment Management, an estimated $121M sold.
Based on aggregated 13F filings for Q2 2019.