Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
FNVT was delisted on the 11th of November, 2024.
52 hedge funds and large institutions have $134M invested in Finnovate Acquisition Corp. Class A Ordinary Shares in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 8 closing their positions.
3% more capital invested
Capital invested by funds: $129M → $134M (+$4.21M)
4% less funds holding
Funds holding: 54 → 52 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$3.21M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.1M |
| 3 |
Calamos Advisors
Naperville,
Illinois
|
+$2.49M |
| 4 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$1.93M |
| 5 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
+$1.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Context Capital Management
Lajolla,
California
|
-$3.53M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.58M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$2.17M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.65M |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$1.54M |
FNVT Hedge Fund Activity: Q4 2022 in Review
52 of the 6,223 institutional investors tracked by Wall St. Rank reported a position in Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) for Q4 2022, worth a combined $134M — up 3.3% from $129M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FNVT and 6 opened new positions — a net loss of 2 holders — while 9 trimmed existing stakes and 6 added.
The largest buyer was Aristeia Capital, opening a new position worth an estimated $3.21M. The largest seller was Context Capital Management, exiting entirely with an estimated $3.53M sold.
- 52 institutional investors held Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) as of Q4 2022, down from 54 in Q3 2022.
- Funds reported $134M of Finnovate Acquisition Corp. Class A Ordinary Shares stock for Q4 2022, up 3.3% quarter-over-quarter.
- 6 funds opened new Finnovate Acquisition Corp. Class A Ordinary Shares positions in Q4 2022 and 8 closed out, a net change of -2 holders.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares buyer in Q4 2022 was Aristeia Capital, an estimated $3.21M added.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares seller in Q4 2022 was Context Capital Management, an estimated $3.53M sold.
Based on aggregated 13F filings for Q4 2022.