Covetrus, Inc. Common Stock
CVET
CVET was delisted on the 12th of October, 2022.
266 hedge funds and large institutions have $2.73B invested in Covetrus, Inc. Common Stock in 2022 Q2 according to their latest regulatory filings, with 60 funds opening new positions, 66 increasing their positions, 80 reducing their positions, and 45 closing their positions.
33% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 45
25% more capital invested
Capital invested by funds: $2.19B → $2.73B (+$540M)
4% more funds holding
Funds holding: 257 → 266 (+9)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
18% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 80
44% less call options, than puts
Call options by funds: $865K | Put options by funds: $1.55M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$52M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$51.5M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$26.6M |
| 4 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$22.5M |
| 5 |
WIC
Water Island Capital
New York
|
+$22.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$81M |
| 2 |
Select Equity Group
New York
|
-$25.9M |
| 3 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$24.1M |
| 4 |
Millennium Management
New York
|
-$22.1M |
| 5 |
SG
SCHF (GPE)
Wilson,
Wyoming
|
-$21.8M |
CVET Hedge Fund Activity: Q2 2022 in Review
266 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in Covetrus, Inc. Common Stock (CVET) for Q2 2022, worth a combined $2.73B — up 25% from $2.19B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new CVET positions and 45 closed out — a net gain of 15 holders — while 66 added to existing stakes and 80 trimmed.
The largest buyer was Pentwater Capital Management, opening a new position worth an estimated $52M. The largest seller was JP Morgan Chase, cutting an estimated $81M.
- 266 institutional investors held Covetrus, Inc. Common Stock (CVET) as of Q2 2022, up from 257 in Q1 2022.
- Funds reported $2.73B of Covetrus, Inc. Common Stock stock for Q2 2022, up 25% quarter-over-quarter.
- 60 funds opened new Covetrus, Inc. Common Stock positions in Q2 2022 and 45 closed out, a net change of +15 holders.
- The largest Covetrus, Inc. Common Stock buyer in Q2 2022 was Pentwater Capital Management, an estimated $52M added.
- The largest Covetrus, Inc. Common Stock seller in Q2 2022 was JP Morgan Chase, an estimated $81M sold.
Based on aggregated 13F filings for Q2 2022.