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.
70 hedge funds and large institutions have $205M invested in Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant in 2021 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 13 increasing their positions, 21 reducing their positions, and 18 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
16% less funds holding
Funds holding: 83 → 70 (-13)
33% less capital invested
Capital invested by funds: $307M → $205M (-$101M)
38% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 21
67% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$3.98M |
| 2 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$2.49M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$2.43M |
| 4 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$2.13M |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$784K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$32.9M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$26.5M |
| 3 |
Millennium Management
New York
|
-$14.9M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$5.7M |
| 5 |
AGC
Angelo Gordon & Co
New York
|
-$5M |
AAC.U Hedge Fund Activity: Q3 2021 in Review
70 of the 5,728 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 2021, worth a combined $205M — down 33% from $307M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of AAC.U and 6 opened new positions — a net loss of 12 holders — while 21 trimmed existing stakes and 13 added.
The largest buyer was Cowen and Company, opening a new position worth an estimated $3.98M. The largest seller was Glazer Capital LLC, cutting an estimated $32.9M.
- 70 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 2021, down from 83 in Q2 2021.
- Funds reported $205M of Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant stock for Q3 2021, down 33% quarter-over-quarter.
- 6 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 2021 and 18 closed out, a net change of -12 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 2021 was Cowen and Company, an estimated $3.98M 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 2021 was Glazer Capital LLC, an estimated $32.9M sold.
Based on aggregated 13F filings for Q3 2021.