Avanti Acquisition Corp.
AVAN
AVAN was delisted on the 6th of October, 2022.
73 hedge funds and large institutions have $470M invested in Avanti Acquisition Corp. in 2022 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 24 increasing their positions, 12 reducing their positions, and 9 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 12
5% more capital invested
Capital invested by funds: $448M → $470M (+$21.9M)
2% more call options, than puts
Call options by funds: $3.06M | Put options by funds: $3.01M
4% less funds holding
Funds holding: 76 → 73 (-3)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$21.9M |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$18.9M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$17.5M |
| 4 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$5.39M |
| 5 |
TCA
Taconic Capital Advisors
New York
|
+$4.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$39.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$15.2M |
| 3 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$2.84M |
| 4 |
SC
Sculptor Capital
New York
|
-$1.97M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.85M |
AVAN Hedge Fund Activity: Q2 2022 in Review
73 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Avanti Acquisition Corp. (AVAN) for Q2 2022, worth a combined $470M — up 4.9% from $448M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of AVAN and 7 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 24 added.
The largest buyer was Saba Capital Management, adding an estimated $21.9M. The largest seller was Baupost Group, exiting entirely with an estimated $39.4M sold.
- 73 institutional investors held Avanti Acquisition Corp. (AVAN) as of Q2 2022, down from 76 in Q1 2022.
- Funds reported $470M of Avanti Acquisition Corp. stock for Q2 2022, up 4.9% quarter-over-quarter.
- 7 funds opened new Avanti Acquisition Corp. positions in Q2 2022 and 9 closed out, a net change of -2 holders.
- The largest Avanti Acquisition Corp. buyer in Q2 2022 was Saba Capital Management, an estimated $21.9M added.
- The largest Avanti Acquisition Corp. seller in Q2 2022 was Baupost Group, an estimated $39.4M sold.
Based on aggregated 13F filings for Q2 2022.