Allegro Merger Corp
ALGR
ALGR was delisted on the 8th of April, 2020.
28 hedge funds and large institutions have $110M invested in Allegro Merger Corp in 2019 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 2 closing their positions.
150% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 2
8% more funds holding
Funds holding: 26 → 28 (+2)
7% more capital invested
Capital invested by funds: $103M → $110M (+$6.78M)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$17.7M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$6.73M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.95M |
| 4 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$967K |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
+$494K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$7.41M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$6.73M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$4.44M |
| 4 |
CI
Cowen Inc
New York
|
-$2.64M |
| 5 |
GCL
Glazer Capital LLC
New York
|
-$2.57M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $25K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $20K | +$839 | +85 | +4% |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | – | – | – |
|
|
CI
29
Cowen Inc
New York
| – | -$2.64M | -270,677 | Closed |
|
30
Morgan Stanley
New York
| – | -$5K | -542 | Closed |
|
ALGR Hedge Fund Activity: Q1 2019 in Review
28 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Allegro Merger Corp (ALGR) for Q1 2019, worth a combined $110M — up 6.6% from $103M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new ALGR positions and 2 closed out — a net gain of 3 holders — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $17.7M. The largest seller was HGC Investment Management, cutting an estimated $7.41M.
- 28 institutional investors held Allegro Merger Corp (ALGR) as of Q1 2019, up from 26 in Q4 2018.
- Funds reported $110M of Allegro Merger Corp stock for Q1 2019, up 6.6% quarter-over-quarter.
- 5 funds opened new Allegro Merger Corp positions in Q1 2019 and 2 closed out, a net change of +3 holders.
- The largest Allegro Merger Corp buyer in Q1 2019 was Karpus Investment Management, an estimated $17.7M added.
- The largest Allegro Merger Corp seller in Q1 2019 was HGC Investment Management, an estimated $7.41M sold.
Based on aggregated 13F filings for Q1 2019.