Covista Inc
CVSA
202 hedge funds and large institutions have $2.6B invested in Covista Inc in 2019 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 64 increasing their positions, 83 reducing their positions, and 37 closing their positions.
2.35% more ownership
Funds ownership: 94.66% → 97.01% (+2.3%)
1% less capital invested
Capital invested by funds: $2.63B → $2.6B (-$29.3M)
6% less funds holding
Funds holding: 216 → 202 (-14)
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
38% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 37
39% less call options, than puts
Call options by funds: $2.36M | Put options by funds: $3.88M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$20.5M |
| 2 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$16.1M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$16M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$13.4M |
| 5 |
NPIC
Neumeier Poma Investment Counsel
Carmel,
California
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CRM
Cramer Rosenthal McGlynn
Stamford,
Connecticut
|
-$16.8M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$10.2M |
| 3 |
Bank of New York Mellon
New York
|
-$7.56M |
| 4 |
D.E. Shaw & Co
New York
|
-$6.71M |
| 5 |
Morgan Stanley
New York
|
-$5.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ER
226
Enlightenment Research
Miami,
Florida
| – | -$76K | -1,600 | Closed |
|
|
JA
227
JOYN Advisors
Atlanta,
Georgia
| – | -$66K | -1,405 | Closed |
|
|
FL
228
Fort LP
Chevy Chase,
Maryland
| – | -$54K | -1,139 | Closed |
|
|
VCM
229
Vigilant Capital Management
Portland,
Maine
| – | -$28K | -600 | Closed |
|
|
PCM
230
Penserra Capital Management
Orinda,
California
| – | -$28K | -597 | Closed |
|
|
PCM
231
Peregrine Capital Management
Minneapolis,
Minnesota
| – | -$9K | -200 | Closed |
|
|
MNBTD
232
Moody National Bank Trust Division
Galveston,
Texas
| – | -$5K | -99 | Closed |
|
|
QI
233
QS Investors
New York
| – | -$3K | -57 | Closed |
|
|
IA
234
IFP Advisors
Tampa,
Florida
| – | -$1K | -24 | Closed |
|
235
Group One Trading
Chicago,
Illinois
| – | +$144 | +3 | New |
|
|
NFH
236
NEXT Financial Holdings
Houston,
Texas
| – | +$192 | +4 | New |
|
|
PFGIA
237
Patriot Financial Group Insurance Agency
Westborough,
Massachusetts
| – | +$337 | +7 | New |
|
CVSA Hedge Fund Activity: Q1 2019 in Review
202 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Covista Inc (CVSA) for Q1 2019, worth a combined $2.6B — down 1.1% from $2.63B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of CVSA and 23 opened new positions — a net loss of 14 holders — while 83 trimmed existing stakes and 64 added.
The largest buyer was Prudential Financial, adding an estimated $20.5M. The largest seller was Cramer Rosenthal McGlynn, exiting entirely with an estimated $16.8M sold.
- 202 institutional investors held Covista Inc (CVSA) as of Q1 2019, down from 216 in Q4 2018.
- Funds reported $2.6B of Covista Inc stock for Q1 2019, down 1.1% quarter-over-quarter.
- 23 funds opened new Covista Inc positions in Q1 2019 and 37 closed out, a net change of -14 holders.
- The largest Covista Inc buyer in Q1 2019 was Prudential Financial, an estimated $20.5M added.
- The largest Covista Inc seller in Q1 2019 was Cramer Rosenthal McGlynn, an estimated $16.8M sold.
Based on aggregated 13F filings for Q1 2019.