New Horizon Aircraft
HOVR
30 hedge funds and large institutions have $55.2M invested in New Horizon Aircraft in 2023 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 10 reducing their positions, and 27 closing their positions.
32.79% less ownership
Funds ownership: 79.46% → 46.67% (-33%)
40% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 10
42% less funds holding
Funds holding: 52 → 30 (-22)
46% less capital invested
Capital invested by funds: $102M → $55.2M (-$46.7M)
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
81% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$7.76M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$6.13M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$2.53M |
| 4 |
KL
KIM LLC
Wichita,
Kansas
|
+$2.26M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$9.49M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$5.19M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$4.59M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$4.22M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$4.06M |
HOVR Hedge Fund Activity: Q4 2023 in Review
30 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in New Horizon Aircraft (HOVR) for Q4 2023, worth a combined $55.2M — down 46% from $102M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of HOVR and 5 opened new positions — a net loss of 22 holders — while 10 trimmed existing stakes and 6 added.
The largest buyer was First Trust Capital Management, adding an estimated $7.76M. The largest seller was Schechter Investment Advisors, exiting entirely with an estimated $9.49M sold.
- 30 institutional investors held New Horizon Aircraft (HOVR) as of Q4 2023, down from 52 in Q3 2023.
- Funds reported $55.2M of New Horizon Aircraft stock for Q4 2023, down 46% quarter-over-quarter.
- 5 funds opened new New Horizon Aircraft positions in Q4 2023 and 27 closed out, a net change of -22 holders.
- The largest New Horizon Aircraft buyer in Q4 2023 was First Trust Capital Management, an estimated $7.76M added.
- The largest New Horizon Aircraft seller in Q4 2023 was Schechter Investment Advisors, an estimated $9.49M sold.
Based on aggregated 13F filings for Q4 2023.