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FNVT

Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT

Delisted

FNVT was delisted on the 11th of November, 2024.

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19 hedge funds and large institutions have $39.4M invested in Finnovate Acquisition Corp. Class A Ordinary Shares in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 1 increasing their positions, 10 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% less funds holding

Funds holding: 51 → 19 (-32)

74% less capital invested

Capital invested by funds: $151M → $39.4M (-$112M)

82% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 39

90% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 10

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $3.42M

Holders
19
Holders Change
-32
Holders Change %
-62.75%
% of All Funds
0.3%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
1
Reduced
10
Closed
39
Calls
–
Puts
$3.42M
Net Calls
-$3.42M
Net Calls Change
-$3.42M

Top Buyers

Rank Fund Capital Flow
1
MSU
Mizuho Securities USA
New York
+$5.63M
2
GCL
Glazer Capital LLC
New York
+$3.83M
3
WAM
Wolverine Asset Management
Illinois
+$2.18M
4
Walleye Capital
Walleye Capital
New York
+$480K
5
Walleye Trading
Walleye Trading
New York
+$265K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$13.7M
2
SCM
Shaolin Capital Management
Florida
-$11.9M
3
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$7.12M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$6.93M
5
AC
Aristeia Capital
Connecticut
-$6.24M
Name Holding Trade Value Shares
Change 		Change in
Stake
BFM
26
Boothbay Fund Management
New York
– -$4.92M -470,346 Closed
Barclays
27
Barclays
United Kingdom
– -$4.56M -437,061 Closed
LA
28
Linden Advisors
New York
– -$4.44M -425,000 Closed
Bank of Montreal
29
Bank of Montreal
Ontario, Canada
– -$3.56M -341,213 Closed
PAMP
30
Polar Asset Management Partners
Ontario, Canada
– -$3.23M -310,000 Closed
Marshall Wace
31
Marshall Wace
United Kingdom
– -$2.97M -285,049 Closed
CC
32
Centiva Capital
New York
– -$2.7M -258,492 Closed
CF
33
Cantor Fitzgerald
New York
– -$2.59M -248,425 Closed
Calamos Advisors
34
Calamos Advisors
Illinois
– -$2.56M -244,983 Closed
MF
35
Magnetar Financial
Illinois
– -$2.33M -222,837 Closed
OCM
36
Oaktree Capital Management
California
– -$2.3M -220,000 Closed
Verition Fund Management
37
Verition Fund Management
Connecticut
– -$2.22M -212,600 Closed
PMAM
38
Picton Mahoney Asset Management
Ontario, Canada
– -$2.09M -200,000 Closed
Citigroup
39
Citigroup
New York
– -$1.66M -158,401 Closed
Tudor Investment Corp
40
Tudor Investment Corp
Connecticut
– -$1.56M -150,000 Closed
CH
41
CVI Holdings
Delaware
– -$1.49M -142,936 Closed
RCM
42
Rivernorth Capital Management
Florida
– -$1.3M -124,995 Closed
AC
43
Ayrton Capital
Connecticut
– -$1.04M -100,000 Closed
LCM
44
Lynwood Capital Management
Ontario, Canada
– -$887K -85,000 Closed
SCM
45
Segantii Capital Management
Hong Kong
– -$784K -75,000 Closed
WA
46
Whitebox Advisors
Minnesota
– -$626K -60,000 Closed
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
– -$474K -45,488 Closed
Millennium Management
48
Millennium Management
New York
– -$469K -45,000 Closed
LCM
49
Landscape Capital Management
New Jersey
– -$337K -32,326 Closed
AA
50
AQR Arbitrage
Connecticut
– -$199K -19,110 Closed
1
2
3

FNVT Hedge Fund Activity: Q2 2023 in Review

19 of the 6,371 institutional investors tracked by Wall St. Rank reported a position in Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) for Q2 2023, worth a combined $39.4M — down 74% from $151M a quarter earlier.

Sellers outnumbered buyers: 39 funds closed out of FNVT and 7 opened new positions — a net loss of 32 holders — while 10 trimmed existing stakes and 1 added.

The largest buyer was Mizuho Securities USA, opening a new position worth an estimated $5.63M. The largest seller was Saba Capital Management, exiting entirely with an estimated $13.7M sold.

  • 19 institutional investors held Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) as of Q2 2023, down from 51 in Q1 2023.
  • Funds reported $39.4M of Finnovate Acquisition Corp. Class A Ordinary Shares stock for Q2 2023, down 74% quarter-over-quarter.
  • 7 funds opened new Finnovate Acquisition Corp. Class A Ordinary Shares positions in Q2 2023 and 39 closed out, a net change of -32 holders.
  • The largest Finnovate Acquisition Corp. Class A Ordinary Shares buyer in Q2 2023 was Mizuho Securities USA, an estimated $5.63M added.
  • The largest Finnovate Acquisition Corp. Class A Ordinary Shares seller in Q2 2023 was Saba Capital Management, an estimated $13.7M sold.

Based on aggregated 13F filings for Q2 2023.