African Gold Acquisition Corp
AGAC
AGAC was delisted on the 21st of August, 2023.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$6.8M |
| 2 |
CAC
Cowen and Company
New York
|
+$3.19M |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$2.61M |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$980K |
| 5 |
SIA
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
+$780K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$25.2M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$21.2M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$20.2M |
| 4 |
D.E. Shaw & Co
New York
|
-$20.1M |
| 5 |
Millennium Management
New York
|
-$19.1M |
AGAC Hedge Fund Activity: Q1 2023 in Review
27 of the 6,283 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.