Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
FNVT was delisted on the 11th of November, 2024.
22 hedge funds and large institutions have $45.7M invested in Finnovate Acquisition Corp. Class A Ordinary Shares in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
16% more capital invested
Capital invested by funds: $39.4M → $45.7M (+$6.32M)
16% more funds holding
Funds holding: 19 → 22 (+3)
2.21% more ownership
Funds ownership: 17.15% → 19.35% (+2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$3.62M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$2.57M |
| 3 |
MSU
Mizuho Securities USA
New York
|
+$1.03M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$465K |
| 5 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$305K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$1.89M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$741K |
| 3 |
GCL
Glazer Capital LLC
New York
|
-$171K |
| 4 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$137K |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$126K |
FNVT Hedge Fund Activity: Q3 2023 in Review
22 of the 6,312 institutional investors tracked by Wall St. Rank reported a position in Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) for Q3 2023, worth a combined $45.7M — up 16% from $39.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FNVT positions and 3 closed out — a net gain of 3 holders — while 6 added to existing stakes and 5 trimmed.
The largest buyer was First Trust Capital Management, opening a new position worth an estimated $3.62M. The largest seller was Castle Creek Arbitrage, exiting entirely with an estimated $1.89M sold.
- 22 institutional investors held Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) as of Q3 2023, up from 19 in Q2 2023.
- Funds reported $45.7M of Finnovate Acquisition Corp. Class A Ordinary Shares stock for Q3 2023, up 16% quarter-over-quarter.
- 6 funds opened new Finnovate Acquisition Corp. Class A Ordinary Shares positions in Q3 2023 and 3 closed out, a net change of +3 holders.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares buyer in Q3 2023 was First Trust Capital Management, an estimated $3.62M added.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares seller in Q3 2023 was Castle Creek Arbitrage, an estimated $1.89M sold.
Based on aggregated 13F filings for Q3 2023.