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.
33 hedge funds and large institutions have $110M invested in Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal in 2020 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 2 increasing their positions, 15 reducing their positions, and 18 closing their positions.
28% less funds holding
Funds holding: 46 → 33 (-13)
35% less capital invested
Capital invested by funds: $168M → $110M (-$58.5M)
67% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 18
87% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$1.39M |
| 2 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$110K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$49K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$4.02K |
| 5 |
Jane Street
New York
|
+$262 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$8.61M |
| 2 |
OP
Omni Partners
London,
United Kingdom
|
-$7.47M |
| 3 |
RCM
Ratan Capital Management
Miami Beach,
Florida
|
-$6.31M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$5.8M |
| 5 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$5.26M |
ACND.U Hedge Fund Activity: Q4 2020 in Review
33 of the 5,652 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 Q4 2020, worth a combined $110M — down 35% from $168M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of ACND.U and 6 opened new positions — a net loss of 12 holders — while 15 trimmed existing stakes and 2 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $1.39M. The largest seller was Millennium Management, cutting an estimated $8.61M.
- 33 institutional investors held Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal (ACND.U) as of Q4 2020, down from 46 in Q3 2020.
- Funds reported $110M of Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal stock for Q4 2020, down 35% quarter-over-quarter.
- 6 funds opened new Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal positions in Q4 2020 and 18 closed out, a net change of -12 holders.
- The largest Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal buyer in Q4 2020 was Virtu Financial, an estimated $1.39M added.
- The largest Ascendant Digital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-hal seller in Q4 2020 was Millennium Management, an estimated $8.61M sold.
Based on aggregated 13F filings for Q4 2020.