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FNVT

Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT

Delisted

FNVT was delisted on the 11th of November, 2024.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
12
Holders Change
-3
Holders Change %
-20%
% of All Funds
0.17%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
2
Reduced
6
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

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
Illinois
+$498K
4
CS
Clear Street
New York
+$74.4K

Top Sellers

Rank Fund Capital Flow
1
FTCM
First Trust Capital Management
Illinois
-$4.7M
2
EAM
Exos Asset Management
New York
-$2.27M
3
WCMNY
Westchester Capital Management (New York)
New York
-$1.53M
4
Walleye Capital
Walleye Capital
New York
-$523K
5
MC
Meteora Capital
Florida
-$423K
Name Holding Trade Value Shares
Change 		Change in
Stake
WRBC
1
W.R. Berkley Corp
Connecticut
$3.62M – – –
CAC
2
Cowen and Company
New York
$3.57M +$3.14M +273,968 +783%
MC
3
Meteora Capital
Florida
$3.12M -$423K -36,976 -12%
GCL
4
Glazer Capital LLC
New York
$2.79M -$36K -3,141 -1%
WAM
5
Wolverine Asset Management
Illinois
$2.33M -$109K -9,552 -5%
UOC
6
UBS O'Connor
Illinois
$1.61M -$51.4K -4,491 -3%
MSU
7
Mizuho Securities USA
New York
$1.57M +$1.57M +136,902 New
KIM
8
Karpus Investment Management
New York
$1.08M -$8.87K -775 -0.8%
WAM
9
Warberg Asset Management
Illinois
$503K +$498K +43,458 New
CS
10
Clear Street
New York
$126K +$74.4K +6,500 +148%
Morgan Stanley
11
Morgan Stanley
New York
$3.17K – – –
TRCT
12
Tower Research Capital (TRC)
New York
$2.77K -$229 -20 -8%
FTCM
13
First Trust Capital Management
Illinois
– -$4.7M -410,455 Closed
EAM
14
Exos Asset Management
New York
– -$2.27M -200,000 Closed
WCMNY
15
Westchester Capital Management (New York)
New York
– -$1.53M -134,896 Closed
Walleye Capital
16
Walleye Capital
New York
– -$523K -45,660 Closed
Walleye Trading
17
Walleye Trading
New York
– -$289K -25,200 Closed

FNVT Hedge Fund Activity: Q3 2024 in Review

12 of the 6,967 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.