ACE Convergence Acquisition Corp
ACEVU
ACEVU was delisted on the 22nd of November, 2022.
7 hedge funds and large institutions have $2.56M invested in ACE Convergence Acquisition Corp in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 0 increasing their positions, 1 reducing their positions, and 23 closing their positions.
75% less funds holding
Funds holding: 28 → 7 (-21)
87% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 23
96% less capital invested
Capital invested by funds: $69.3M → $2.56M (-$66.8M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$289K |
| 2 |
MA
MYDA Advisors
Woodmere,
New York
|
+$244K |
| 3 |
IRC
Investors Research Corp
Atlanta,
Georgia
|
+$611 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$15.2M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$12.5M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$5.77M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$5.38M |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$5.17M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CL
26
CSS LLC
Chicago,
Illinois
| – | -$210K | -19,281 | Closed |
|
|
EAM
27
Exos Asset Management
New York
| – | -$148K | -13,628 | Closed |
|
28
Citadel Advisors
Miami,
Florida
| – | -$125K | -11,474 | Closed |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| – | -$1K | -99 | Closed |
|
ACEVU Hedge Fund Activity: Q1 2021 in Review
7 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in ACE Convergence Acquisition Corp (ACEVU) for Q1 2021, worth a combined $2.56M — down 96% from $69.3M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of ACEVU and 3 opened new positions — a net loss of 20 holders — while 1 trimmed existing stakes and 0 added.
The largest buyer was Jefferies Group, opening a new position worth an estimated $289K. The largest seller was HGC Investment Management, exiting entirely with an estimated $15.2M sold.
- 7 institutional investors held ACE Convergence Acquisition Corp (ACEVU) as of Q1 2021, down from 28 in Q4 2020.
- Funds reported $2.56M of ACE Convergence Acquisition Corp stock for Q1 2021, down 96% quarter-over-quarter.
- 3 funds opened new ACE Convergence Acquisition Corp positions in Q1 2021 and 23 closed out, a net change of -20 holders.
- The largest ACE Convergence Acquisition Corp buyer in Q1 2021 was Jefferies Group, an estimated $289K added.
- The largest ACE Convergence Acquisition Corp seller in Q1 2021 was HGC Investment Management, an estimated $15.2M sold.
Based on aggregated 13F filings for Q1 2021.