Allegro Merger Corp
ALGR
ALGR was delisted on the 8th of April, 2020.
26 hedge funds and large institutions have $103M invested in Allegro Merger Corp in 2018 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 4 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
100% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 4
19% more capital invested
Capital invested by funds: $86.8M → $103M (+$16.4M)
18% more funds holding
Funds holding: 22 → 26 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$6.27M |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$2.47M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$2.41M |
| 4 |
MSU
Mizuho Securities USA
New York
|
+$2.3M |
| 5 |
CI
Cowen Inc
New York
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Bluefin Capital Management
New York
|
-$3.64M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.45M |
| 3 |
Walleye Trading
New York
|
-$1.39M |
| 4 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$866K |
| 5 |
HCMT
Highland Capital Management (Texas)
Dallas,
Texas
|
-$477K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | +$994 | +103 | New |
|
|
BCM
27
Bluefin Capital Management
New York
| – | -$3.64M | -381,614 | Closed |
|
|
28
Walleye Trading
New York
| – | -$1.39M | -145,700 | Closed |
|
|
HCMT
29
Highland Capital Management (Texas)
Dallas,
Texas
| – | -$477K | -50,000 | Closed |
|
ALGR Hedge Fund Activity: Q4 2018 in Review
26 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Allegro Merger Corp (ALGR) for Q4 2018, worth a combined $103M — up 19% from $86.8M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new ALGR positions and 3 closed out — a net gain of 4 holders — while 8 added to existing stakes and 4 trimmed.
The largest buyer was Polar Asset Management Partners, adding an estimated $6.27M. The largest seller was Bluefin Capital Management, exiting entirely with an estimated $3.64M sold.
- 26 institutional investors held Allegro Merger Corp (ALGR) as of Q4 2018, up from 22 in Q3 2018.
- Funds reported $103M of Allegro Merger Corp stock for Q4 2018, up 19% quarter-over-quarter.
- 7 funds opened new Allegro Merger Corp positions in Q4 2018 and 3 closed out, a net change of +4 holders.
- The largest Allegro Merger Corp buyer in Q4 2018 was Polar Asset Management Partners, an estimated $6.27M added.
- The largest Allegro Merger Corp seller in Q4 2018 was Bluefin Capital Management, an estimated $3.64M sold.
Based on aggregated 13F filings for Q4 2018.