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.
24 hedge funds and large institutions have $17.9M invested in Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant in 2022 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 11 closing their positions.
25% less funds holding
Funds holding: 32 → 24 (-8)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
45% less capital invested
Capital invested by funds: $32.5M → $17.9M (-$14.5M)
73% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.25M |
| 2 |
Jane Street
New York
|
+$795K |
| 3 |
VF
Virtu Financial
New York
|
+$236K |
| 4 |
Walleye Capital
New York
|
+$160K |
| 5 |
PCM
Prelude Capital Management
New York
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHP
Castle Hook Partners
New York
|
-$3.97M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$3.43M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$3.4M |
| 4 |
TAL
TIG Advisors LLC
New York
|
-$2.53M |
| 5 |
HF
HRT Financial
New York
|
-$1.09M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LIM
26
Longfellow Investment Management
Boston,
Massachusetts
| – | -$3.43M | -344,532 | Closed |
|
|
TAL
27
TIG Advisors LLC
New York
| – | -$2.53M | -254,799 | Closed |
|
|
HF
28
HRT Financial
New York
| – | -$1.09M | -109,739 | Closed |
|
|
WC
29
Wealthspring Capital
West Harrison,
New York
| – | -$876K | -88,146 | Closed |
|
|
SIA
30
Schechter Investment Advisors
Birmingham,
Michigan
| – | -$390K | -39,360 | Closed |
|
|
LCM
31
Landscape Capital Management
Englewood,
New Jersey
| – | -$217K | -21,795 | Closed |
|
32
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$162K | -16,318 | Closed |
|
|
SMA
33
Sage Mountain Advisors
Atlanta,
Georgia
| – | -$104K | -10,450 | Closed |
|
AAC.U Hedge Fund Activity: Q4 2022 in Review
24 of the 6,222 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 Q4 2022, worth a combined $17.9M — down 45% from $32.5M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of AAC.U and 3 opened new positions — a net loss of 8 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $1.25M. The largest seller was Castle Hook Partners, exiting entirely with an estimated $3.97M sold.
- 24 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 Q4 2022, down from 32 in Q3 2022.
- Funds reported $17.9M of Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant stock for Q4 2022, down 45% 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 Q4 2022 and 11 closed out, a net change of -8 holders.
- The largest Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant buyer in Q4 2022 was Rivernorth Capital Management, an estimated $1.25M added.
- The largest Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant seller in Q4 2022 was Castle Hook Partners, an estimated $3.97M sold.
Based on aggregated 13F filings for Q4 2022.