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.
45 hedge funds and large institutions have $47.9M invested in Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 19 closing their positions.
24% less funds holding
Funds holding: 59 → 45 (-14)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
71% less capital invested
Capital invested by funds: $164M → $47.9M (-$116M)
74% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$1.24M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$432K |
| 3 |
PCM
Prelude Capital Management
New York
|
+$216K |
| 4 |
CS
Clear Street
New York
|
+$133K |
| 5 |
Jane Street
New York
|
+$15K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$70.3M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$15.9M |
| 3 |
GCL
Glazer Capital LLC
New York
|
-$6.97M |
| 4 |
CAC
Cowen and Company
New York
|
-$3.97M |
| 5 |
CF
Cantor Fitzgerald
New York
|
-$3.78M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CC
51
Caxton Corporation
Princeton,
New Jersey
| – | -$1.39M | -139,680 | Closed |
|
52
Nomura Holdings
Tokyo,
Japan
| – | -$819K | -82,447 | Closed |
|
|
BCM
53
BCK Capital Management
Stamford,
Connecticut
| – | -$539K | -54,313 | Closed |
|
|
VF
54
Virtu Financial
New York
| – | -$366K | -36,894 | Closed |
|
|
WCA
55
Waratah Capital Advisors
Toronto,
Ontario, Canada
| – | -$302K | -30,437 | Closed |
|
56
Verition Fund Management
Greenwich,
Connecticut
| – | -$252K | -25,406 | Closed |
|
|
VCM
57
Venator Capital Management
Toronto,
Ontario, Canada
| – | -$248K | -25,000 | Closed |
|
|
MIG
58
Mariner Investment Group
Harrison,
New York
| – | -$199K | -20,000 | Closed |
|
|
FTCM
59
First Trust Capital Management
Chicago,
Illinois
| – | -$99K | -10,000 | Closed |
|
|
CSS
60
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$2K | -213 | Closed |
|
|
AA
61
Ancora Advisors
Cleveland,
Ohio
| – | -$1K | -100 | Closed |
|
|
EAM
62
Exos Asset Management
New York
| – | +$10 | +1 | New |
|
AAC.U Hedge Fund Activity: Q1 2022 in Review
45 of the 6,341 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 Q1 2022, worth a combined $47.9M — down 71% from $164M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of AAC.U and 5 opened new positions — a net loss of 14 holders — while 10 trimmed existing stakes and 5 added.
The largest buyer was Parallax Volatility Advisers, opening a new position worth an estimated $1.24M. The largest seller was Aristeia Capital, exiting entirely with an estimated $70.3M sold.
- 45 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 Q1 2022, down from 59 in Q4 2021.
- Funds reported $47.9M of Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant stock for Q1 2022, down 71% quarter-over-quarter.
- 5 funds opened new Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant positions in Q1 2022 and 19 closed out, a net change of -14 holders.
- The largest Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant buyer in Q1 2022 was Parallax Volatility Advisers, an estimated $1.24M added.
- The largest Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant seller in Q1 2022 was Aristeia Capital, an estimated $70.3M sold.
Based on aggregated 13F filings for Q1 2022.