Berenson Acquisition Corp. I
BACA
BACA was delisted on the 26th of September, 2024.
13 hedge funds and large institutions have $27.6M invested in Berenson Acquisition Corp. I in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 32 closing their positions.
13.88% less ownership
Funds ownership: 63.51% → 49.64% (-14%)
70% less funds holding
Funds holding: 43 → 13 (-30)
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
86% less capital invested
Capital invested by funds: $196M → $27.6M (-$168M)
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: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Cohanzick Management
Pleasantville,
New York
|
+$711K |
| 2 |
QL
Quarry LP
New York
|
+$572K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$96.8K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$10 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$22.3M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$19.3M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$17.6M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$13.3M |
| 5 |
SCM
Saba Capital Management
New York
|
-$12.8M |
BACA Hedge Fund Activity: Q2 2023 in Review
13 of the 6,384 institutional investors tracked by Wall St. Rank reported a position in Berenson Acquisition Corp. I (BACA) for Q2 2023, worth a combined $27.6M — down 86% from $196M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of BACA and 3 opened new positions — a net loss of 29 holders — while 8 trimmed existing stakes and 2 added.
The largest buyer was Cohanzick Management, adding an estimated $711K. The largest seller was Farallon Capital Management, cutting an estimated $22.3M.
- 13 institutional investors held Berenson Acquisition Corp. I (BACA) as of Q2 2023, down from 43 in Q1 2023.
- Funds reported $27.6M of Berenson Acquisition Corp. I stock for Q2 2023, down 86% quarter-over-quarter.
- 3 funds opened new Berenson Acquisition Corp. I positions in Q2 2023 and 32 closed out, a net change of -29 holders.
- The largest Berenson Acquisition Corp. I buyer in Q2 2023 was Cohanzick Management, an estimated $711K added.
- The largest Berenson Acquisition Corp. I seller in Q2 2023 was Farallon Capital Management, an estimated $22.3M sold.
Based on aggregated 13F filings for Q2 2023.