Covetrus, Inc. Common Stock
CVET
CVET was delisted on the 12th of October, 2022.
269 hedge funds and large institutions have $2.96B invested in Covetrus, Inc. Common Stock in 2020 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 64 increasing their positions, 83 reducing their positions, and 35 closing their positions.
50% more capital invested
Capital invested by funds: $1.97B → $2.96B (+$984M)
49% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 35
26% more call options, than puts
Call options by funds: $10.3M | Put options by funds: $8.19M
7% more funds holding
Funds holding: 252 → 269 (+17)
3.27% less ownership
Funds ownership: 98.48% → 95.21% (-3.3%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
23% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 83
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CDR
Clayton Dubilier & Rice
New York
|
+$310M |
| 2 |
JP Morgan Chase
New York
|
+$54.2M |
| 3 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
+$24.1M |
| 4 |
SCM
Sirios Capital Management
Boston,
Massachusetts
|
+$12.9M |
| 5 |
RSCM
Rock Springs Capital Management
Baltimore,
Maryland
|
+$8.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$55.8M |
| 2 |
FCM
Freshford Capital Management
Rye Brook,
New York
|
-$30.7M |
| 3 |
BNP Paribas Asset Management
Paris,
France
|
-$30.5M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$12M |
| 5 |
ClearBridge Investments
New York
|
-$11M |
CVET Hedge Fund Activity: Q3 2020 in Review
269 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in Covetrus, Inc. Common Stock (CVET) for Q3 2020, worth a combined $2.96B — up 50% from $1.97B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new CVET positions and 35 closed out — a net gain of 17 holders — while 64 added to existing stakes and 83 trimmed.
The largest buyer was Clayton Dubilier & Rice, adding an estimated $310M. The largest seller was Morgan Stanley, cutting an estimated $55.8M.
- 269 institutional investors held Covetrus, Inc. Common Stock (CVET) as of Q3 2020, up from 252 in Q2 2020.
- Funds reported $2.96B of Covetrus, Inc. Common Stock stock for Q3 2020, up 50% quarter-over-quarter.
- 52 funds opened new Covetrus, Inc. Common Stock positions in Q3 2020 and 35 closed out, a net change of +17 holders.
- The largest Covetrus, Inc. Common Stock buyer in Q3 2020 was Clayton Dubilier & Rice, an estimated $310M added.
- The largest Covetrus, Inc. Common Stock seller in Q3 2020 was Morgan Stanley, an estimated $55.8M sold.
Based on aggregated 13F filings for Q3 2020.