Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
FNVT was delisted on the 11th of November, 2024.
51 hedge funds and large institutions have $151M invested in Finnovate Acquisition Corp. Class A Ordinary Shares in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 8 closing their positions.
11% more capital invested
Capital invested by funds: $136M → $151M (+$15.5M)
7.26% more ownership
Funds ownership: 76.08% → 83.34% (+7.3%)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
4% less funds holding
Funds holding: 53 → 51 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$8.7M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$6.88M |
| 3 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$6.03M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$5.18M |
| 5 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$5.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$8.4M |
| 2 |
CF
Cantor Fitzgerald
New York
|
-$7.48M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$4.77M |
| 4 |
Millennium Management
New York
|
-$4.32M |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$3.68M |
FNVT Hedge Fund Activity: Q1 2023 in Review
51 of the 6,285 institutional investors tracked by Wall St. Rank reported a position in Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) for Q1 2023, worth a combined $151M — up 11% from $136M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FNVT and 6 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 10 added.
The largest buyer was Westchester Capital Management (New York), adding an estimated $8.7M. The largest seller was Cubist Systematic Strategies, exiting entirely with an estimated $8.4M sold.
- 51 institutional investors held Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) as of Q1 2023, down from 53 in Q4 2022.
- Funds reported $151M of Finnovate Acquisition Corp. Class A Ordinary Shares stock for Q1 2023, up 11% quarter-over-quarter.
- 6 funds opened new Finnovate Acquisition Corp. Class A Ordinary Shares positions in Q1 2023 and 8 closed out, a net change of -2 holders.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares buyer in Q1 2023 was Westchester Capital Management (New York), an estimated $8.7M added.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares seller in Q1 2023 was Cubist Systematic Strategies, an estimated $8.4M sold.
Based on aggregated 13F filings for Q1 2023.