Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
FNVT was delisted on the 11th of November, 2024.
12 hedge funds and large institutions have $20.3M invested in Finnovate Acquisition Corp. Class A Ordinary Shares in 2024 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 5 closing their positions.
6.12% less ownership
Funds ownership: 32.32% → 26.21% (-6.1%)
18% less capital invested
Capital invested by funds: $24.6M → $20.3M (-$4.31M)
20% less funds holding
Funds holding: 15 → 12 (-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: 2 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$3.14M |
| 2 |
MSU
Mizuho Securities USA
New York
|
+$1.57M |
| 3 |
WAM
Warberg Asset Management
Winnetka,
Illinois
|
+$498K |
| 4 |
CS
Clear Street
New York
|
+$74.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$4.7M |
| 2 |
EAM
Exos Asset Management
New York
|
-$2.27M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$1.53M |
| 4 |
Walleye Capital
New York
|
-$523K |
| 5 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$423K |
FNVT Hedge Fund Activity: Q3 2024 in Review
12 of the 6,981 institutional investors tracked by Wall St. Rank reported a position in Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) for Q3 2024, worth a combined $20.3M — down 18% from $24.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of FNVT and 2 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Cowen and Company, adding an estimated $3.14M. The largest seller was First Trust Capital Management, exiting entirely with an estimated $4.7M sold.
- 12 institutional investors held Finnovate Acquisition Corp. Class A Ordinary Shares (FNVT) as of Q3 2024, down from 15 in Q2 2024.
- Funds reported $20.3M of Finnovate Acquisition Corp. Class A Ordinary Shares stock for Q3 2024, down 18% quarter-over-quarter.
- 2 funds opened new Finnovate Acquisition Corp. Class A Ordinary Shares positions in Q3 2024 and 5 closed out, a net change of -3 holders.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares buyer in Q3 2024 was Cowen and Company, an estimated $3.14M added.
- The largest Finnovate Acquisition Corp. Class A Ordinary Shares seller in Q3 2024 was First Trust Capital Management, an estimated $4.7M sold.
Based on aggregated 13F filings for Q3 2024.