Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
FNVT was delisted on the 11th of November, 2024.
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.
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
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
Chicago,
Illinois
|
+$2.18M |
| 4 |
Walleye Capital
New York
|
+$480K |
| 5 |
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
Miami,
Florida
|
-$11.9M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$7.12M |
| 4 |
D.E. Shaw & Co
New York
|
-$6.93M |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$6.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CM
51
Cohanzick Management
Pleasantville,
New York
| – | -$176K | -16,866 | Closed |
|
|
SIA
52
Schechter Investment Advisors
Birmingham,
Michigan
| – | -$155K | -14,900 | Closed |
|
|
VF
53
Virtu Financial
New York
| – | -$149K | -14,307 | Closed |
|
54
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$123K | -11,745 | Closed |
|
55
Blackstone Inc
New York
| – | -$69.9K | -6,701 | Closed |
|
|
RCM
56
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$36.9K | -3,540 | Closed |
|
|
DFCM
57
Dark Forest Capital Management
San Juan,
Puerto Rico
| – | -$27.2K | -2,609 | Closed |
|
|
CS
58
Clear Street
New York
| – | -$8.7K | -834 | Closed |
|
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.