ConvergeOne Holdings, Inc. Class A Common Stock
CVON
CVON was delisted on the 3rd of January, 2019.
20 hedge funds and large institutions have $82.3M invested in ConvergeOne Holdings, Inc. Class A Common Stock in 2018 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 18 closing their positions.
17% less funds holding
Funds holding: 24 → 20 (-4)
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
36% less capital invested
Capital invested by funds: $129M → $82.3M (-$47M)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCAM
Owl Creek Asset Management
New York
|
+$46.6M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$5.83M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.51M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
+$3.5M |
| 5 |
BlackRock
New York
|
+$2.17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$29.7M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$20.9M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$7.29M |
| 4 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$7.21M |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$6.29M |
CVON Hedge Fund Activity: Q1 2018 in Review
20 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in ConvergeOne Holdings, Inc. Class A Common Stock (CVON) for Q1 2018, worth a combined $82.3M — down 36% from $129M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of CVON and 14 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 2 added.
The largest buyer was Owl Creek Asset Management, opening a new position worth an estimated $46.6M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $29.7M sold.
- 20 institutional investors held ConvergeOne Holdings, Inc. Class A Common Stock (CVON) as of Q1 2018, down from 24 in Q4 2017.
- Funds reported $82.3M of ConvergeOne Holdings, Inc. Class A Common Stock stock for Q1 2018, down 36% quarter-over-quarter.
- 14 funds opened new ConvergeOne Holdings, Inc. Class A Common Stock positions in Q1 2018 and 18 closed out, a net change of -4 holders.
- The largest ConvergeOne Holdings, Inc. Class A Common Stock buyer in Q1 2018 was Owl Creek Asset Management, an estimated $46.6M added.
- The largest ConvergeOne Holdings, Inc. Class A Common Stock seller in Q1 2018 was Karpus Investment Management, an estimated $29.7M sold.
Based on aggregated 13F filings for Q1 2018.