Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
FNVT was delisted on the 11th of November, 2024.
56 hedge funds and large institutions have $124M invested in Finnovate Acquisition Corp. Class A Ordinary Shares in 2022 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 6 increasing their positions, 7 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
14% more funds holding
Funds holding: 49 → 56 (+7)
13% more capital invested
Capital invested by funds: $109M → $124M (+$14.2M)
8.33% more ownership
Funds ownership: 63.17% → 71.5% (+8.3%)
14% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$4.21M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.79M |
| 3 |
CF
Cantor Fitzgerald
New York
|
+$2.47M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$2.43M |
| 5 |
Millennium Management
New York
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$2.48M |
| 2 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
-$1.45M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$758K |
| 4 |
ECU
Eisler Capital (UK)
London,
United Kingdom
|
-$509K |
| 5 |
FLC
Fifth Lane Capital
Austin,
Texas
|
-$102K |
FNVT Hedge Fund Activity: Q2 2022 in Review
56 of the 5,960 institutional investors tracked by Wall St. Rank reported a position in Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) for Q2 2022, worth a combined $124M — up 13% from $109M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new FNVT positions and 4 closed out — a net gain of 7 holders — while 6 added to existing stakes and 7 trimmed.
The largest buyer was Mangrove Partners, opening a new position worth an estimated $4.21M. The largest seller was Shaolin Capital Management, exiting entirely with an estimated $2.48M sold.
- 56 institutional investors held Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) as of Q2 2022, up from 49 in Q1 2022.
- Funds reported $124M of Finnovate Acquisition Corp. Class A Ordinary Shares stock for Q2 2022, up 13% quarter-over-quarter.
- 11 funds opened new Finnovate Acquisition Corp. Class A Ordinary Shares positions in Q2 2022 and 4 closed out, a net change of +7 holders.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares buyer in Q2 2022 was Mangrove Partners, an estimated $4.21M added.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares seller in Q2 2022 was Shaolin Capital Management, an estimated $2.48M sold.
Based on aggregated 13F filings for Q2 2022.