Allegro Merger Corp
ALGR
ALGR was delisted on the 8th of April, 2020.
31 hedge funds and large institutions have $115M invested in Allegro Merger Corp in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 7 increasing their positions, 7 reducing their positions, and 1 closing their positions.
5% more capital invested
Capital invested by funds: $110M → $115M (+$5.53M)
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
0% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 7
3% less funds holding
Funds holding: 32 → 31 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$3.6M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$3.36M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.12M |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$836K |
| 5 |
GCL
Glazer Capital LLC
New York
|
+$449K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.5M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.01M |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$1.01M |
| 4 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$606K |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
-$576K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BI
26
Bulldog Investors
Saddle Brook,
New Jersey
| $130K | – | – | – |
|
|
RCM
27
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
| $102K | – | – | – |
|
28
UBS Group
Zurich,
Switzerland
| $29K | -$4.04K | -400 | -12% |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $24K | +$3.37K | +333 | +17% |
|
|
PAM
30
Panagora Asset Management
Boston,
Massachusetts
| $19K | -$1.5M | -148,000 | -99% |
|
|
RCM
31
Rivernorth Capital Management
West Palm Beach,
Florida
| $1.02K | – | – | – |
|
|
DWM
32
Dakota Wealth Management
Palm Beach Gardens,
Florida
| – | -$115K | -11,475 | Closed |
|
ALGR Hedge Fund Activity: Q3 2019 in Review
31 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Allegro Merger Corp (ALGR) for Q3 2019, worth a combined $115M — up 5% from $110M a quarter earlier.
Fund positioning in ALGR was balanced in Q3 2019: 1 fund opened new positions, 1 closed out, 7 added to existing stakes and 7 trimmed.
The largest buyer was Periscope Capital, adding an estimated $3.6M. The largest seller was Panagora Asset Management, cutting an estimated $1.5M.
- 31 institutional investors held Allegro Merger Corp (ALGR) as of Q3 2019, down from 32 in Q2 2019.
- Funds reported $115M of Allegro Merger Corp stock for Q3 2019, up 5% quarter-over-quarter.
- 1 fund opened new Allegro Merger Corp positions in Q3 2019 and 1 closed out, a net change of 0 holders.
- The largest Allegro Merger Corp buyer in Q3 2019 was Periscope Capital, an estimated $3.6M added.
- The largest Allegro Merger Corp seller in Q3 2019 was Panagora Asset Management, an estimated $1.5M sold.
Based on aggregated 13F filings for Q3 2019.