Covetrus, Inc. Common Stock
CVET
CVET was delisted on the 12th of October, 2022.
282 hedge funds and large institutions have $1.23B invested in Covetrus, Inc. Common Stock in 2019 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 78 increasing their positions, 105 reducing their positions, and 79 closing their positions.
12% less funds holding
Funds holding: 321 → 282 (-39)
26% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 105
30% less call options, than puts
Call options by funds: $8.6M | Put options by funds: $12.2M
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
47% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 79
52% less capital invested
Capital invested by funds: $2.54B → $1.23B (-$1.31B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
+$73.3M |
| 2 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
+$45.8M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$36.2M |
| 4 |
ClearBridge Investments
New York
|
+$31M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$29.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
-$136M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$34.6M |
| 3 |
BAMCO Inc
New York
|
-$27.4M |
| 4 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$24.5M |
| 5 |
Goldman Sachs
New York
|
-$23.2M |
CVET Hedge Fund Activity: Q3 2019 in Review
282 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Covetrus, Inc. Common Stock (CVET) for Q3 2019, worth a combined $1.23B — down 52% from $2.54B a quarter earlier.
Sellers outnumbered buyers: 79 funds closed out of CVET and 42 opened new positions — a net loss of 37 holders — while 105 trimmed existing stakes and 78 added.
The largest buyer was HHLR Advisors, opening a new position worth an estimated $73.3M. The largest seller was Select Equity Group, exiting entirely with an estimated $136M sold.
- 282 institutional investors held Covetrus, Inc. Common Stock (CVET) as of Q3 2019, down from 321 in Q2 2019.
- Funds reported $1.23B of Covetrus, Inc. Common Stock stock for Q3 2019, down 52% quarter-over-quarter.
- 42 funds opened new Covetrus, Inc. Common Stock positions in Q3 2019 and 79 closed out, a net change of -37 holders.
- The largest Covetrus, Inc. Common Stock buyer in Q3 2019 was HHLR Advisors, an estimated $73.3M added.
- The largest Covetrus, Inc. Common Stock seller in Q3 2019 was Select Equity Group, an estimated $136M sold.
Based on aggregated 13F filings for Q3 2019.