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AGAC

African Gold Acquisition Corp
AGAC

Delisted

AGAC was delisted on the 21st of August, 2023.

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27 hedge funds and large institutions have $57M invested in African Gold Acquisition Corp in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 15 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% less funds holding

Funds holding: 65 → 27 (-38)

67% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 15

84% less capital invested

Capital invested by funds: $348M → $57M (-$291M)

86% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 43

100% less funds holding in top 10

Funds holding in top 10: 3 → 0 (-3)

Holders
27
Holders Change
-38
Holders Change %
-58.46%
% of All Funds
0.43%
Holding in Top 10
–
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-100%
% of All Funds
–
New
6
Increased
5
Reduced
15
Closed
43
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
+$6.8M
2
CAC
Cowen and Company
New York
+$3.19M
3
SIM
Sandia Investment Management
Massachusetts
+$2.61M
4
YCM
Yakira Capital Management
Connecticut
+$980K
5
SIA
SkyView Investment Advisors
New Jersey
+$780K

Top Sellers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
-$25.2M
2
Nomura Holdings
Nomura Holdings
Japan
-$21.2M
3
Marshall Wace
Marshall Wace
United Kingdom
-$20.2M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$20.1M
5
Millennium Management
Millennium Management
New York
-$19.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
QL
26
Quarry LP
New York
$1.03K +$1.02K +100 New
CS
27
Clear Street
New York
$770 -$4.32K -425 -85%
Nomura Holdings
28
Nomura Holdings
Japan
– -$21.2M -2,112,928 Closed
Marshall Wace
29
Marshall Wace
United Kingdom
– -$20.2M -2,009,992 Closed
D.E. Shaw & Co
30
D.E. Shaw & Co
New York
– -$20.1M -1,998,792 Closed
Millennium Management
31
Millennium Management
New York
– -$19.1M -1,896,966 Closed
HSBC Holdings
32
HSBC Holdings
United Kingdom
– -$18.4M -1,822,798 Closed
SCM
33
Saba Capital Management
New York
– -$15.4M -1,536,509 Closed
WCMNY
34
Westchester Capital Management (New York)
New York
– -$15.3M -1,527,320 Closed
Goldman Sachs
35
Goldman Sachs
New York
– -$10.1M -1,000,299 Closed
Hudson Bay Capital Management
36
Hudson Bay Capital Management
Connecticut
– -$7.82M -777,676 Closed
WP
37
Woodline Partners
California
– -$7.54M -750,000 Closed
ASM
38
ATW SPAC Management
New York
– -$6.28M -625,355 Closed
EPM
39
Equitec Proprietary Markets
Illinois
– -$5.53M -550,692 Closed
CIM
40
Cowen Investment Management
New York
– -$5.53M -550,000 Closed
HCM
41
Hawkeye Capital Management
Florida
– -$5.3M -527,000 Closed
Bank of Montreal
42
Bank of Montreal
Ontario, Canada
– -$4.99M -496,670 Closed
CH
43
CVI Holdings
Delaware
– -$4.18M -415,598 Closed
MI
44
MMCAP International
Cayman Islands
– -$4.02M -400,000 Closed
AA
45
AQR Arbitrage
Connecticut
– -$2.75M -273,566 Closed
MF
46
Magnetar Financial
Illinois
– -$2.54M -252,636 Closed
CF
47
Cantor Fitzgerald
New York
– -$2.51M -250,000 Closed
WAM
48
Weiss Asset Management
Massachusetts
– -$2.29M -227,809 Closed
DFCM
49
Dark Forest Capital Management
Puerto Rico
– -$2.2M -218,863 Closed
Bank of America
50
Bank of America
North Carolina
– -$1.97M -195,972 Closed
1
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3

AGAC Hedge Fund Activity: Q1 2023 in Review

27 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in African Gold Acquisition Corp (AGAC) for Q1 2023, worth a combined $57M — down 84% from $348M a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of AGAC and 6 opened new positions — a net loss of 37 holders — while 15 trimmed existing stakes and 5 added.

The largest buyer was Meteora Capital, opening a new position worth an estimated $6.8M. The largest seller was Polar Asset Management Partners, cutting an estimated $25.2M.

  • 27 institutional investors held African Gold Acquisition Corp (AGAC) as of Q1 2023, down from 65 in Q4 2022.
  • Funds reported $57M of African Gold Acquisition Corp stock for Q1 2023, down 84% quarter-over-quarter.
  • 6 funds opened new African Gold Acquisition Corp positions in Q1 2023 and 43 closed out, a net change of -37 holders.
  • The largest African Gold Acquisition Corp buyer in Q1 2023 was Meteora Capital, an estimated $6.8M added.
  • The largest African Gold Acquisition Corp seller in Q1 2023 was Polar Asset Management Partners, an estimated $25.2M sold.

Based on aggregated 13F filings for Q1 2023.