Allegro Merger Corp
ALGR
ALGR was delisted on the 8th of April, 2020.
22 hedge funds and large institutions have $93.2M invested in Allegro Merger Corp in 2020 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 15 closing their positions.
36% less capital invested
Capital invested by funds: $145M → $93.2M (-$52.2M)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
39% less funds holding
Funds holding: 36 → 22 (-14)
93% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$7.7M |
| 2 |
MSU
Mizuho Securities USA
New York
|
+$4.19M |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$3.31M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$1.84M |
| 5 |
KC
Kepos Capital
New York
|
+$881K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$23.4M |
| 2 |
Millennium Management
New York
|
-$7.67M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$7.41M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$7.15M |
| 5 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$6.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
26
Shaolin Capital Management
Miami,
Florida
| – | -$6.36M | -622,500 | Closed |
|
27
Bank of America
Charlotte,
North Carolina
| – | -$5.11M | -500,000 | Closed |
|
28
Marshall Wace
London,
United Kingdom
| – | -$2.56M | -250,000 | Closed |
|
|
MTCM
29
Mint Tower Capital Management
Amsterdam,
Netherlands
| – | -$2.04M | -200,000 | Closed |
|
|
BI
30
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$2.03M | -198,880 | Closed |
|
|
BFM
31
Boothbay Fund Management
New York
| – | -$1.13M | -110,198 | Closed |
|
32
Citigroup
New York
| – | -$1.02M | -100,000 | Closed |
|
33
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| – | -$1M | -98,000 | Closed |
|
|
WAM
34
Weiss Asset Management
Boston,
Massachusetts
| – | -$274K | -26,842 | Closed |
|
|
WAM
35
Wolverine Asset Management
Chicago,
Illinois
| – | -$208K | -20,400 | Closed |
|
|
TRCT
36
Tower Research Capital (TRC)
New York
| – | -$18K | -1,727 | Closed |
|
37
Morgan Stanley
New York
| – | -$9K | -925 | Closed |
|
ALGR Hedge Fund Activity: Q1 2020 in Review
22 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Allegro Merger Corp (ALGR) for Q1 2020, worth a combined $93.2M — down 36% from $145M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of ALGR and 1 opened new positions — a net loss of 14 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was UBS O'Connor, adding an estimated $7.7M. The largest seller was Karpus Investment Management, cutting an estimated $23.4M.
- 22 institutional investors held Allegro Merger Corp (ALGR) as of Q1 2020, down from 36 in Q4 2019.
- Funds reported $93.2M of Allegro Merger Corp stock for Q1 2020, down 36% quarter-over-quarter.
- 1 fund opened new Allegro Merger Corp positions in Q1 2020 and 15 closed out, a net change of -14 holders.
- The largest Allegro Merger Corp buyer in Q1 2020 was UBS O'Connor, an estimated $7.7M added.
- The largest Allegro Merger Corp seller in Q1 2020 was Karpus Investment Management, an estimated $23.4M sold.
Based on aggregated 13F filings for Q1 2020.