Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
FNVT was delisted on the 11th of November, 2024.
53 hedge funds and large institutions have $136M 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, 10 reducing their positions, and 7 closing their positions.
2.13% more ownership
Funds ownership: 73.95% → 76.08% (+2.1%)
5% more capital invested
Capital invested by funds: $130M → $136M (+$6.01M)
2% less funds holding
Funds holding: 54 → 53 (-1)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
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 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.65M |
| 4 |
HCM
Highbridge Capital Management
New York
|
-$1.54M |
| 5 |
PCM
Prelude Capital Management
New York
|
-$1.01M |
FNVT Hedge Fund Activity: Q4 2022 in Review
53 of the 6,239 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 $136M — up 4.6% from $130M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FNVT and 6 opened new positions — a net loss of 1 holder — while 10 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.
- 53 institutional investors held Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) as of Q4 2022, down from 54 in Q3 2022.
- Funds reported $136M of Finnovate Acquisition Corp. Class A Ordinary Shares stock for Q4 2022, up 4.6% quarter-over-quarter.
- 6 funds opened new Finnovate Acquisition Corp. Class A Ordinary Shares positions in Q4 2022 and 7 closed out, a net change of -1 holder.
- 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.