Avanti Acquisition Corp.
AVAN
AVAN was delisted on the 6th of October, 2022.
72 hedge funds and large institutions have $392M invested in Avanti Acquisition Corp. in 2021 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 12 increasing their positions, 15 reducing their positions, and 10 closing their positions.
230% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 10
44% more funds holding
Funds holding: 50 → 72 (+22)
43% more capital invested
Capital invested by funds: $274M → $392M (+$118M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
20% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
+$41.5M |
| 2 |
TP
Third Point
New York
|
+$31.2M |
| 3 |
Millennium Management
New York
|
+$15.8M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$14.6M |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$9.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AFM
Anson Funds Management
Dallas,
Texas
|
-$8.15M |
| 2 |
OP
Omni Partners
London,
United Kingdom
|
-$5.16M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$5.13M |
| 4 |
LCG
Luxor Capital Group
New York
|
-$3.69M |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$3.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MSU
76
Mizuho Securities USA
New York
| – | -$1.51M | -150,000 | Closed |
|
|
MIM
77
Monashee Investment Management
Boston,
Massachusetts
| – | -$1.54M | -149,996 | Closed |
|
78
HighTower Advisors
Chicago,
Illinois
| – | -$1.31M | -127,500 | Closed |
|
|
BMCM
79
Black Maple Capital Management
Milwaukee,
Wisconsin
| – | -$735K | -71,543 | Closed |
|
80
Bank of America
Charlotte,
North Carolina
| – | -$367K | -35,697 | Closed |
|
|
BCM
81
Basso Capital Management
Stamford,
Connecticut
| – | -$326K | -31,758 | Closed |
|
|
EC
82
EJF Capital
Arlington,
Virginia
| – | -$206K | -20,000 | Closed |
|
AVAN Hedge Fund Activity: Q1 2021 in Review
72 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Avanti Acquisition Corp. (AVAN) for Q1 2021, worth a combined $392M — up 43% from $274M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new AVAN positions and 10 closed out — a net gain of 23 holders — while 12 added to existing stakes and 15 trimmed.
The largest buyer was Baupost Group, opening a new position worth an estimated $41.5M. The largest seller was Anson Funds Management, cutting an estimated $8.15M.
- 72 institutional investors held Avanti Acquisition Corp. (AVAN) as of Q1 2021, up from 50 in Q4 2020.
- Funds reported $392M of Avanti Acquisition Corp. stock for Q1 2021, up 43% quarter-over-quarter.
- 33 funds opened new Avanti Acquisition Corp. positions in Q1 2021 and 10 closed out, a net change of +23 holders.
- The largest Avanti Acquisition Corp. buyer in Q1 2021 was Baupost Group, an estimated $41.5M added.
- The largest Avanti Acquisition Corp. seller in Q1 2021 was Anson Funds Management, an estimated $8.15M sold.
Based on aggregated 13F filings for Q1 2021.