African Gold Acquisition Corp
AGAC
AGAC was delisted on the 21st of August, 2023.
23 hedge funds and large institutions have $52.6M invested in African Gold Acquisition Corp in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
8% less capital invested
Capital invested by funds: $57M → $52.6M (-$4.48M)
15% less funds holding
Funds holding: 27 → 23 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$2.9M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$1.82M |
| 3 |
Barclays
London,
United Kingdom
|
+$1.3M |
| 4 |
SC
Shay Capital
New York
|
+$856K |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
+$450K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
-$5.29M |
| 2 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$4.56M |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
-$2.67M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$1.54M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$184K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Balyasny Asset Management
Chicago,
Illinois
| – | -$1.54M | -150,000 | Closed |
|
|
27
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$184K | -17,972 | Closed |
|
|
XT
28
XTX Topco
George Town,
Cayman Islands
| – | -$118K | -11,475 | Closed |
|
|
SSA
29
Schonfeld Strategic Advisors
New York
| – | -$103K | -10,000 | Closed |
|
|
CS
30
Clear Street
New York
| – | -$770 | -75 | Closed |
|
AGAC Hedge Fund Activity: Q2 2023 in Review
23 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in African Gold Acquisition Corp (AGAC) for Q2 2023, worth a combined $52.6M — down 7.8% from $57M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of AGAC and 3 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 6 added.
The largest buyer was Spartan Fund Management, adding an estimated $2.9M. The largest seller was Boothbay Fund Management, exiting entirely with an estimated $5.29M sold.
- 23 institutional investors held African Gold Acquisition Corp (AGAC) as of Q2 2023, down from 27 in Q1 2023.
- Funds reported $52.6M of African Gold Acquisition Corp stock for Q2 2023, down 7.8% quarter-over-quarter.
- 3 funds opened new African Gold Acquisition Corp positions in Q2 2023 and 7 closed out, a net change of -4 holders.
- The largest African Gold Acquisition Corp buyer in Q2 2023 was Spartan Fund Management, an estimated $2.9M added.
- The largest African Gold Acquisition Corp seller in Q2 2023 was Boothbay Fund Management, an estimated $5.29M sold.
Based on aggregated 13F filings for Q2 2023.