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AAC

Ares Acquisition Corporation

Delisted

AAC was delisted on the 6th of November, 2023.

58 hedge funds and large institutions have $468M invested in Ares Acquisition Corporation in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 9 increasing their positions, 20 reducing their positions, and 64 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more call options, than puts

Call options by funds: $517K | Put options by funds: $379K

40% less funds holding in top 10

Funds holding in top 10: 106 (-4)

46% less funds holding

Funds holding: 10858 (-50)

51% less capital invested

Capital invested by funds: $956M → $468M (-$488M)

55% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 20

75% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 64

Holders
58
Holders Change
-50
Holders Change %
-46.3%
% of All Funds
0.92%
Holding in Top 10
6
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-40%
% of All Funds
0.1%
New
16
Increased
9
Reduced
20
Closed
64
Calls
$517K
Puts
$379K
Net Calls
+$138K
Net Calls Change
-$258K
Name Holding Trade Value Shares
Change
Change in
Stake
GCL
1
Glazer Capital LLC
New York
$71.8M -$61.3M -6,005,717 -46%
AC
2
Aristeia Capital
Connecticut
$36.1M -$48.8M -4,779,018 -58%
WCMNY
3
Westchester Capital Management (New York)
New York
$30.5M -$4.45M -435,364 -13%
MC
4
Meteora Capital
Florida
$29.6M +$26.6M +2,604,358 +986%
BFM
5
Boothbay Fund Management
New York
$21.1M +$20M +1,962,540 +2,523%
FTCM
6
Fir Tree Capital Management
New York
$19.6M -$7.47M -731,563 -28%
PAMP
7
Polar Asset Management Partners
Ontario, Canada
$19.3M
FCM
8
Farallon Capital Management
California
$14.7M
Bank of Montreal
9
Bank of Montreal
Ontario, Canada
$14.5M -$21.8M -2,130,024 -60%
CAC
10
Cowen and Company
New York
$13.5M +$13.3M +1,304,228 New
AMC
11
Atlas Merchant Capital
New York
$13.4M +$10.2M +1,000,000 +330%
Millennium Management
12
Millennium Management
New York
$13.4M -$6.22M -609,216 -32%
SC
13
Sculptor Capital
New York
$12.7M
RCM
14
Radcliffe Capital Management
Pennsylvania
$12.4M -$970K -95,017 -7%
Jane Street
15
Jane Street
New York
$10.8M -$6.36M -622,582 -37%
CC
16
Centiva Capital
New York
$10.5M +$10.4M +1,013,931 New
Bank of America
17
Bank of America
North Carolina
$10.3M -$11.9M -1,163,100 -54%
HSBC Holdings
18
HSBC Holdings
United Kingdom
$9.93M -$24.9M -2,442,167 -72%
MCM
19
Moore Capital Management
New York
$8.26M
SCM
20
Saba Capital Management
New York
$7.63M -$27.3M -2,676,300 -78%
RCM
21
Rivernorth Capital Management
Florida
$7.35M +$977K +95,654 +16%
LP
22
LMR Partners
United Kingdom
$7.22M
FTCM
23
First Trust Capital Management
Illinois
$7.12M -$33.5M -3,282,368 -83%
PMAM
24
Picton Mahoney Asset Management
Ontario, Canada
$6.45M +$6.38M +625,000 New
WRBC
25
W.R. Berkley Corp
Connecticut
$5.57M +$772K +75,577 +16%

AAC Hedge Fund Activity: Q1 2023 in Review

58 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Ares Acquisition Corporation (AAC) for Q1 2023, worth a combined $468M — down 51% from $956M a quarter earlier.

Sellers outnumbered buyers: 64 funds closed out of AAC and 16 opened new positions — a net loss of 48 holders — while 20 trimmed existing stakes and 9 added.

The largest buyer was Meteora Capital, adding an estimated $26.6M. The largest seller was Glazer Capital LLC, cutting an estimated $61.3M.

  • 58 institutional investors held Ares Acquisition Corporation (AAC) as of Q1 2023, down from 108 in Q4 2022.
  • Funds reported $468M of Ares Acquisition Corporation stock for Q1 2023, down 51% quarter-over-quarter.
  • 16 funds opened new Ares Acquisition Corporation positions in Q1 2023 and 64 closed out, a net change of -48 holders.
  • The largest Ares Acquisition Corporation buyer in Q1 2023 was Meteora Capital, an estimated $26.6M added.
  • The largest Ares Acquisition Corporation seller in Q1 2023 was Glazer Capital LLC, an estimated $61.3M sold.

Based on aggregated 13F filings for Q1 2023.