Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal
ACND.U
ACND.U was delisted on the 21st of July, 2021.
16 hedge funds and large institutions have $29.7M invested in Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 0 increasing their positions, 9 reducing their positions, and 20 closing their positions.
52% less funds holding
Funds holding: 33 → 16 (-17)
73% less capital invested
Capital invested by funds: $110M → $29.7M (-$80M)
85% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 20
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$284K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$113K |
| 3 |
Morgan Stanley
New York
|
+$11.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$37M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
-$12.9M |
| 3 |
Millennium Management
New York
|
-$8.3M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$6.88M |
| 5 |
HP
Hound Partners
New York
|
-$2.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCMNY
26
Westchester Capital Management (New York)
Valhalla,
New York
| – | -$473K | -45,066 | Closed |
|
|
SCM
27
Shaolin Capital Management
Miami,
Florida
| – | -$355K | -33,762 | Closed |
|
|
HIM
28
HGC Investment Management
Toronto,
Ontario, Canada
| – | -$332K | -31,606 | Closed |
|
|
BCM
29
Beryl Capital Management
Redondo Beach,
California
| – | -$229K | -21,802 | Closed |
|
|
OAC
30
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$210K | -20,000 | Closed |
|
|
FTCM
31
First Trust Capital Management
Chicago,
Illinois
| – | -$166K | -15,800 | Closed |
|
|
EAM
32
Exos Asset Management
New York
| – | -$158K | -15,000 | Closed |
|
33
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$116K | -11,000 | Closed |
|
|
YCM
34
Yakira Capital Management
Westport,
Connecticut
| – | -$105K | -10,000 | Closed |
|
|
WAM
35
Wolverine Asset Management
Chicago,
Illinois
| – | -$48K | -4,665 | Closed |
|
ACND.U Hedge Fund Activity: Q1 2021 in Review
16 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal (ACND.U) for Q1 2021, worth a combined $29.7M — down 73% from $110M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of ACND.U and 3 opened new positions — a net loss of 17 holders — while 9 trimmed existing stakes and 0 added.
The largest buyer was Nomura Holdings, opening a new position worth an estimated $284K. The largest seller was Magnetar Financial, exiting entirely with an estimated $37M sold.
- 16 institutional investors held Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal (ACND.U) as of Q1 2021, down from 33 in Q4 2020.
- Funds reported $29.7M of Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal stock for Q1 2021, down 73% quarter-over-quarter.
- 3 funds opened new Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal positions in Q1 2021 and 20 closed out, a net change of -17 holders.
- The largest Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal buyer in Q1 2021 was Nomura Holdings, an estimated $284K added.
- The largest Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal seller in Q1 2021 was Magnetar Financial, an estimated $37M sold.
Based on aggregated 13F filings for Q1 2021.