Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
FNVT was delisted on the 11th of November, 2024.
15 hedge funds and large institutions have $46.9M invested in Finnovate Acquisition Corp. Class A Ordinary Shares in 2024 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 5 closing their positions.
2% more capital invested
Capital invested by funds: $46.1M → $46.9M (+$796K)
0.02% more ownership
Funds ownership: 19.2% → 19.22% (+0.02%)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
21% less funds holding
Funds holding: 19 → 15 (-4)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$4.09M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$2.9M |
| 3 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$2.24M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.36M |
| 5 |
MSU
Mizuho Securities USA
New York
|
+$119K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$3M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$2.06M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$1.9M |
| 4 |
KL
KIM LLC
Wichita,
Kansas
|
-$1.38M |
| 5 |
QL
Quarry LP
New York
|
-$1.34M |
FNVT Hedge Fund Activity: Q1 2024 in Review
15 of the 6,961 institutional investors tracked by Wall St. Rank reported a position in Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) for Q1 2024, worth a combined $46.9M — up 1.7% from $46.1M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FNVT and 1 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 5 added.
The largest buyer was Cowen and Company, adding an estimated $4.09M. The largest seller was Radcliffe Capital Management, exiting entirely with an estimated $3M sold.
- 15 institutional investors held Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) as of Q1 2024, down from 19 in Q4 2023.
- Funds reported $46.9M of Finnovate Acquisition Corp. Class A Ordinary Shares stock for Q1 2024, up 1.7% quarter-over-quarter.
- 1 fund opened new Finnovate Acquisition Corp. Class A Ordinary Shares positions in Q1 2024 and 5 closed out, a net change of -4 holders.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares buyer in Q1 2024 was Cowen and Company, an estimated $4.09M added.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares seller in Q1 2024 was Radcliffe Capital Management, an estimated $3M sold.
Based on aggregated 13F filings for Q1 2024.