Ace Global Business Acquisition Ltd
ACBA
ACBA was delisted on the 23rd of May, 2024.
13 hedge funds and large institutions have $24M invested in Ace Global Business Acquisition Ltd in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 11 closing their positions.
34% less capital invested
Capital invested by funds: $36.4M → $24M (-$12.5M)
41% less funds holding
Funds holding: 22 → 13 (-9)
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
82% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCAM
Owl Creek Asset Management
New York
|
+$3.77M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$1.94M |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$1.23M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$883K |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
+$315K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$5.25M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$3.29M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$2.12M |
| 4 |
ASM
ATW SPAC Management
New York
|
-$2.11M |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$2.11M |
ACBA Hedge Fund Activity: Q1 2023 in Review
13 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Ace Global Business Acquisition Ltd (ACBA) for Q1 2023, worth a combined $24M — down 34% from $36.4M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of ACBA and 2 opened new positions — a net loss of 9 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was Owl Creek Asset Management, opening a new position worth an estimated $3.77M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $5.25M sold.
- 13 institutional investors held Ace Global Business Acquisition Ltd (ACBA) as of Q1 2023, down from 22 in Q4 2022.
- Funds reported $24M of Ace Global Business Acquisition Ltd stock for Q1 2023, down 34% quarter-over-quarter.
- 2 funds opened new Ace Global Business Acquisition Ltd positions in Q1 2023 and 11 closed out, a net change of -9 holders.
- The largest Ace Global Business Acquisition Ltd buyer in Q1 2023 was Owl Creek Asset Management, an estimated $3.77M added.
- The largest Ace Global Business Acquisition Ltd seller in Q1 2023 was Karpus Investment Management, an estimated $5.25M sold.
Based on aggregated 13F filings for Q1 2023.