Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
AAC.U
AAC.U was delisted on the 6th of November, 2023.
32 hedge funds and large institutions have $32.5M invested in Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant in 2022 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 9 closing their positions.
8% less capital invested
Capital invested by funds: $35.5M → $32.5M (-$2.96M)
18% less funds holding
Funds holding: 39 → 32 (-7)
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$743K |
| 2 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$446K |
| 3 |
PCM
Prelude Capital Management
New York
|
+$217K |
| 4 |
Jane Street
New York
|
+$206K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$162K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
-$986K |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$691K |
| 3 |
ECM
ExodusPoint Capital Management
New York
|
-$493K |
| 4 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$461K |
| 5 |
RFA
Resurgent Financial Advisors
Atlanta,
Georgia
|
-$411K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Morgan Stanley
New York
| $14K | -$70.6K | -7,129 | -83% |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $10K | – | – | – |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| $3K | – | – | – |
|
|
MF
29
Magnetar Financial
Evanston,
Illinois
| – | -$2.59K | -263,000 | Closed |
|
|
30
Calamos Advisors
Naperville,
Illinois
| – | -$986K | -100,000 | Closed |
|
|
31
Janus Henderson Group
London,
United Kingdom
| – | -$691K | -69,973 | Closed |
|
|
ECM
32
ExodusPoint Capital Management
New York
| – | -$493K | -50,000 | Closed |
|
|
RFA
33
Resurgent Financial Advisors
Atlanta,
Georgia
| – | -$411K | -41,700 | Closed |
|
|
CS
34
Clear Street
New York
| – | -$252K | -25,450 | -100% |
|
|
E
35
Ergoteles
New York
| – | -$203K | -20,600 | Closed |
|
|
RCM
36
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$175K | -17,750 | Closed |
|
37
Osaic Holdings
Scottsdale,
Arizona
| – | -$10K | -1,020 | Closed |
|
|
GT
38
Glenmede Trust
Philadelphia,
Pennsylvania
| – | -$1K | -103 | Closed |
|
|
39
Mirae Asset Global Investments
Seoul,
South Korea
| – | +$446K | +45,000 | New |
|
AAC.U Hedge Fund Activity: Q3 2022 in Review
32 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant (AAC.U) for Q3 2022, worth a combined $32.5M — down 8.4% from $35.5M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of AAC.U and 3 opened new positions — a net loss of 6 holders — while 8 trimmed existing stakes and 3 added.
The largest buyer was Longfellow Investment Management, adding an estimated $743K. The largest seller was Calamos Advisors, exiting entirely with an estimated $986K sold.
- 32 institutional investors held Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant (AAC.U) as of Q3 2022, down from 39 in Q2 2022.
- Funds reported $32.5M of Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant stock for Q3 2022, down 8.4% quarter-over-quarter.
- 3 funds opened new Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant positions in Q3 2022 and 9 closed out, a net change of -6 holders.
- The largest Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant buyer in Q3 2022 was Longfellow Investment Management, an estimated $743K added.
- The largest Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant seller in Q3 2022 was Calamos Advisors, an estimated $986K sold.
Based on aggregated 13F filings for Q3 2022.