Covetrus, Inc. Common Stock
CVET
CVET was delisted on the 12th of October, 2022.
261 hedge funds and large institutions have $2.37B invested in Covetrus, Inc. Common Stock in 2021 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 81 increasing their positions, 76 reducing their positions, and 41 closing their positions.
7% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 76
3% less funds holding
Funds holding: 270 → 261 (-9)
20% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 41
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
33% less capital invested
Capital invested by funds: $3.53B → $2.37B (-$1.16B)
64% less call options, than puts
Call options by funds: $983K | Put options by funds: $2.76M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$18.6M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$16.9M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$15.3M |
| 4 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
+$14.7M |
| 5 |
D.E. Shaw & Co
New York
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$57.8M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$26.4M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$25.9M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$14.4M |
| 5 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$11.3M |
CVET Hedge Fund Activity: Q3 2021 in Review
261 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Covetrus, Inc. Common Stock (CVET) for Q3 2021, worth a combined $2.37B — down 33% from $3.53B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of CVET and 33 opened new positions — a net loss of 8 holders — while 76 trimmed existing stakes and 81 added.
The largest buyer was Bank of America, adding an estimated $18.6M. The largest seller was Morgan Stanley, cutting an estimated $57.8M.
- 261 institutional investors held Covetrus, Inc. Common Stock (CVET) as of Q3 2021, down from 270 in Q2 2021.
- Funds reported $2.37B of Covetrus, Inc. Common Stock stock for Q3 2021, down 33% quarter-over-quarter.
- 33 funds opened new Covetrus, Inc. Common Stock positions in Q3 2021 and 41 closed out, a net change of -8 holders.
- The largest Covetrus, Inc. Common Stock buyer in Q3 2021 was Bank of America, an estimated $18.6M added.
- The largest Covetrus, Inc. Common Stock seller in Q3 2021 was Morgan Stanley, an estimated $57.8M sold.
Based on aggregated 13F filings for Q3 2021.