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New Horizon Aircraft
HOVR

52 hedge funds and large institutions have $102M invested in New Horizon Aircraft in 2023 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

400% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 4

300% more funds holding in top 10

Funds holding in top 10: 1 → 4 (+3)

44% more funds holding

Funds holding: 36 → 52 (+16)

26% more capital invested

Capital invested by funds: $80.6M → $102M (+$21.3M)

14.62% more ownership

Funds ownership: 64.83% → 79.46% (+15%)

29% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 7

Holders
52
Holders Change
+16
Holders Change %
+44.44%
% of All Funds
0.83%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.06%
New
20
Increased
5
Reduced
7
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PC
Periscope Capital
Ontario, Canada
+$7.81M
2
FTCM
First Trust Capital Management
Illinois
+$4.21M
3
SCM
Shaolin Capital Management
Florida
+$4.21M
4
BI
Bulldog Investors
New Jersey
+$3.24M
5
WC
Wealthspring Capital
New York
+$1.9M

Top Sellers

Rank Fund Capital Flow
1
GCL
Glazer Capital LLC
New York
-$3.58M
2
SFM
Spartan Fund Management
Canada
-$2.99M
3
CAC
Cowen and Company
New York
-$2.08M
4
SIA
Schechter Investment Advisors
Michigan
-$1.83M
5
JP Morgan Chase
JP Morgan Chase
New York
-$1.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
SIA
1
Schechter Investment Advisors
Michigan
$9.49M -$1.83M -174,206 -16%
PC
2
Periscope Capital
Ontario, Canada
$7.83M +$7.81M +742,300 New
D.E. Shaw & Co
3
D.E. Shaw & Co
New York
$5.59M – – –
FTCM
4
First Trust Capital Management
Illinois
$4.74M +$4.21M +400,000 +812%
PAMP
5
Polar Asset Management Partners
Ontario, Canada
$4.59M – – –
SCM
6
Shaolin Capital Management
Florida
$4.22M +$4.21M +400,000 New
Hudson Bay Capital Management
7
Hudson Bay Capital Management
Connecticut
$4.06M – – –
ASM
8
ATW SPAC Management
New York
$3.78M – – –
BFM
9
Boothbay Fund Management
New York
$3.78M – – –
Two Sigma Investments
10
Two Sigma Investments
New York
$3.48M – – –
OCM
11
Oaktree Capital Management
California
$3.32M – – –
BI
12
Bulldog Investors
New Jersey
$3.25M +$3.24M +308,291 New
FTCM
13
Fir Tree Capital Management
New York
$3.2M +$1.67M +158,730 +109%
WAM
14
Weiss Asset Management
Massachusetts
$2.9M – – –
AA
15
AQR Arbitrage
Connecticut
$2.43M – – –
SOA
16
Sea Otter Advisors
Florida
$2.43M – – –
AC
17
Aristeia Capital
Connecticut
$2.37M – – –
CCA
18
Castle Creek Arbitrage
Colorado
$2.37M – – –
Verition Fund Management
19
Verition Fund Management
Connecticut
$2.37M – – –
CM
20
Cohanzick Management
New York
$2.31M – – –
COPPSERS
21
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.11M +$1.05M +100,000 +100%
SCM
22
Saba Capital Management
New York
$2.11M – – –
WC
23
Wealthspring Capital
New York
$2.08M +$1.9M +180,465 +1,052%
LCM
24
Lynwood Capital Management
Ontario, Canada
$1.74M +$1.74M +165,000 New
RCM
25
Rivernorth Capital Management
Florida
$1.68M – – –
1
2 3

HOVR Hedge Fund Activity: Q3 2023 in Review

52 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in New Horizon Aircraft (HOVR) for Q3 2023, worth a combined $102M — up 26% from $80.6M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new HOVR positions and 4 closed out — a net gain of 16 holders — while 5 added to existing stakes and 7 trimmed.

The largest buyer was Periscope Capital, opening a new position worth an estimated $7.81M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $3.58M sold.

  • 52 institutional investors held New Horizon Aircraft (HOVR) as of Q3 2023, up from 36 in Q2 2023.
  • Funds reported $102M of New Horizon Aircraft stock for Q3 2023, up 26% quarter-over-quarter.
  • 20 funds opened new New Horizon Aircraft positions in Q3 2023 and 4 closed out, a net change of +16 holders.
  • The largest New Horizon Aircraft buyer in Q3 2023 was Periscope Capital, an estimated $7.81M added.
  • The largest New Horizon Aircraft seller in Q3 2023 was Glazer Capital LLC, an estimated $3.58M sold.

Based on aggregated 13F filings for Q3 2023.