Atlantic Avenue Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant
ASAQ.U
ASAQ.U was delisted on the 5th of October, 2022.
17 hedge funds and large institutions have $47.2M invested in Atlantic Avenue Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, increasing their positions, 4 reducing their positions, and 15 closing their positions.
41% less capital invested
Capital invested by funds: $79.6M → $47.2M (-$32.4M)
41% less funds holding
Funds holding: 29 → 17 (-12)
80% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 15
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$468K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$64.7K |
| 3 |
JP Morgan Chase
New York
|
+$18.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$7.89M |
| 2 |
ACA
Arena Capital Advisors
Los Angeles,
California
|
-$5.3M |
| 3 |
MCM
Moore Capital Management
New York
|
-$5.3M |
| 4 |
CH
CVI Holdings
Wilmington,
Delaware
|
-$2.12M |
| 5 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$2.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OAC
26
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$474K | -44,737 | Closed |
|
|
EAM
27
Exos Asset Management
New York
| – | -$446K | -42,120 | Closed |
|
|
GF
28
Gabelli Funds
Rye,
New York
| – | -$337K | -31,800 | Closed |
|
29
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$181K | -17,109 | Closed |
|
|
ICM
30
Ionic Capital Management
New York
| – | -$159K | -15,000 | Closed |
|
|
SGAM
31
Seaport Global Asset Management
New York
| – | -$21K | -2,000 | Closed |
|
ASAQ.U Hedge Fund Activity: Q1 2021 in Review
17 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Atlantic Avenue Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant (ASAQ.U) for Q1 2021, worth a combined $47.2M — down 41% from $79.6M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of ASAQ.U and 3 opened new positions — a net loss of 12 holders — while 4 trimmed existing stakes and 0 added.
The largest buyer was Flow Traders U.S., opening a new position worth an estimated $468K. The largest seller was Shaolin Capital Management, exiting entirely with an estimated $7.89M sold.
- 17 institutional investors held Atlantic Avenue Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant (ASAQ.U) as of Q1 2021, down from 29 in Q4 2020.
- Funds reported $47.2M of Atlantic Avenue Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant stock for Q1 2021, down 41% quarter-over-quarter.
- 3 funds opened new Atlantic Avenue Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant positions in Q1 2021 and 15 closed out, a net change of -12 holders.
- The largest Atlantic Avenue Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant buyer in Q1 2021 was Flow Traders U.S., an estimated $468K added.
- The largest Atlantic Avenue Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant seller in Q1 2021 was Shaolin Capital Management, an estimated $7.89M sold.
Based on aggregated 13F filings for Q1 2021.