Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
FNVT was delisted on the 11th of November, 2024.
19 hedge funds and large institutions have $46.1M invested in Finnovate Acquisition Corp. Class A Ordinary Shares in 2023 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 9 reducing their positions, and 5 closing their positions.
1% more capital invested
Capital invested by funds: $45.7M → $46.1M (+$335K)
0.15% less ownership
Funds ownership: 19.35% → 19.2% (-0.15%)
14% less funds holding
Funds holding: 22 → 19 (-3)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
67% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$1.99M |
| 2 |
QL
Quarry LP
New York
|
+$1.33M |
| 3 |
CAC
Cowen and Company
New York
|
+$1.25M |
| 4 |
MSU
Mizuho Securities USA
New York
|
+$103K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$527 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$1.25M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$957K |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$708K |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$593K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$468K |
FNVT Hedge Fund Activity: Q4 2023 in Review
19 of the 6,871 institutional investors tracked by Wall St. Rank reported a position in Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) for Q4 2023, worth a combined $46.1M — up 0.73% from $45.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FNVT and 2 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 3 added.
The largest buyer was W.R. Berkley Corp, adding an estimated $1.99M. The largest seller was Westchester Capital Management (New York), cutting an estimated $1.25M.
- 19 institutional investors held Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) as of Q4 2023, down from 22 in Q3 2023.
- Funds reported $46.1M of Finnovate Acquisition Corp. Class A Ordinary Shares stock for Q4 2023, up 0.73% quarter-over-quarter.
- 2 funds opened new Finnovate Acquisition Corp. Class A Ordinary Shares positions in Q4 2023 and 5 closed out, a net change of -3 holders.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares buyer in Q4 2023 was W.R. Berkley Corp, an estimated $1.99M added.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares seller in Q4 2023 was Westchester Capital Management (New York), an estimated $1.25M sold.
Based on aggregated 13F filings for Q4 2023.