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.
83 hedge funds and large institutions have $297M invested in Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant in 2021 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 31 reducing their positions, and 67 closing their positions.
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
41% less funds holding
Funds holding: 141 → 83 (-58)
51% less capital invested
Capital invested by funds: $611M → $297M (-$314M)
52% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 31
85% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 67
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$3.58M |
| 2 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$3.47M |
| 3 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$2.51M |
| 4 |
JIC
Joel Isaacson & Co
New York
|
+$1M |
| 5 |
Jane Street
New York
|
+$898K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$22.4M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$17.6M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$14.5M |
| 4 |
IAM
Ion Asset Management
Herzliya,
Israel
|
-$13.9M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$13.6M |
AAC.U Hedge Fund Activity: Q2 2021 in Review
83 of the 5,746 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 Q2 2021, worth a combined $297M — down 51% from $611M a quarter earlier.
Sellers outnumbered buyers: 67 funds closed out of AAC.U and 10 opened new positions — a net loss of 57 holders — while 31 trimmed existing stakes and 15 added.
The largest buyer was Citadel Advisors, adding an estimated $3.58M. The largest seller was Millennium Management, cutting an estimated $22.4M.
- 83 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 Q2 2021, down from 141 in Q1 2021.
- Funds reported $297M of Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant stock for Q2 2021, down 51% quarter-over-quarter.
- 10 funds opened new Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant positions in Q2 2021 and 67 closed out, a net change of -57 holders.
- The largest Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant buyer in Q2 2021 was Citadel Advisors, an estimated $3.58M added.
- The largest Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant seller in Q2 2021 was Millennium Management, an estimated $22.4M sold.
Based on aggregated 13F filings for Q2 2021.