Avanti Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
AVAN.U
AVAN.U was delisted on the 4th of October, 2022.
22 hedge funds and large institutions have $38.2M invested in Avanti Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, increasing their positions, 13 reducing their positions, and 32 closing their positions.
57% less funds holding
Funds holding: 51 → 22 (-29)
83% less capital invested
Capital invested by funds: $225M → $38.2M (-$187M)
91% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 32
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$940K |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$110K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$11K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$43.4M |
| 2 |
TP
Third Point
New York
|
-$32.5M |
| 3 |
Millennium Management
New York
|
-$17.2M |
| 4 |
AMH
Apollo Management Holdings
New York
|
-$12.4M |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$10.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$124K | -11,440 | Closed |
|
|
PAM
52
Panagora Asset Management
Boston,
Massachusetts
| – | -$89.2K | -7,910 | -100% |
|
|
SGAM
53
Seaport Global Asset Management
New York
| – | -$32K | -3,000 | Closed |
|
54
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$4K | -370 | Closed |
|
AVAN.U Hedge Fund Activity: Q1 2021 in Review
22 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Avanti Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant (AVAN.U) for Q1 2021, worth a combined $38.2M — down 83% from $225M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of AVAN.U and 3 opened new positions — a net loss of 29 holders — while 13 trimmed existing stakes and 0 added.
The largest buyer was AllianceBernstein, opening a new position worth an estimated $940K. The largest seller was Baupost Group, exiting entirely with an estimated $43.4M sold.
- 22 institutional investors held Avanti Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant (AVAN.U) as of Q1 2021, down from 51 in Q4 2020.
- Funds reported $38.2M of Avanti Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant stock for Q1 2021, down 83% quarter-over-quarter.
- 3 funds opened new Avanti Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant positions in Q1 2021 and 32 closed out, a net change of -29 holders.
- The largest Avanti Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant buyer in Q1 2021 was AllianceBernstein, an estimated $940K added.
- The largest Avanti Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant seller in Q1 2021 was Baupost Group, an estimated $43.4M sold.
Based on aggregated 13F filings for Q1 2021.