Berenson Acquisition Corp. I
BACA
BACA was delisted on the 26th of September, 2024.
43 hedge funds and large institutions have $196M invested in Berenson Acquisition Corp. I in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 9 closing their positions.
4% less funds holding
Funds holding: 45 → 43 (-2)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
18% less capital invested
Capital invested by funds: $238M → $196M (-$42.7M)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cowen Investment Management
New York
|
+$7.33M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$3.54M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
+$2.53M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$2.06M |
| 5 |
FSI
Flow State Investments
Chicago,
Illinois
|
+$641K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$23.1M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$13.3M |
| 3 |
RL
RPO LLC
Stamford,
Connecticut
|
-$5.8M |
| 4 |
QL
Quarry LP
New York
|
-$4.06M |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$3.57M |
BACA Hedge Fund Activity: Q1 2023 in Review
43 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Berenson Acquisition Corp. I (BACA) for Q1 2023, worth a combined $196M — down 18% from $238M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of BACA and 8 opened new positions — a net loss of 1 holder — while 9 trimmed existing stakes and 6 added.
The largest buyer was Cowen Investment Management, opening a new position worth an estimated $7.33M. The largest seller was Radcliffe Capital Management, exiting entirely with an estimated $23.1M sold.
- 43 institutional investors held Berenson Acquisition Corp. I (BACA) as of Q1 2023, down from 45 in Q4 2022.
- Funds reported $196M of Berenson Acquisition Corp. I stock for Q1 2023, down 18% quarter-over-quarter.
- 8 funds opened new Berenson Acquisition Corp. I positions in Q1 2023 and 9 closed out, a net change of -1 holder.
- The largest Berenson Acquisition Corp. I buyer in Q1 2023 was Cowen Investment Management, an estimated $7.33M added.
- The largest Berenson Acquisition Corp. I seller in Q1 2023 was Radcliffe Capital Management, an estimated $23.1M sold.
Based on aggregated 13F filings for Q1 2023.