Berenson Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
BACA.U
BACA.U was delisted on the 9th of March, 2023.
24 hedge funds and large institutions have $34.7M invested in Berenson Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant in 2021 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 20 closing their positions.
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
33% less funds holding
Funds holding: 36 → 24 (-12)
60% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 20
84% less capital invested
Capital invested by funds: $218M → $34.7M (-$184M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Context Capital Management
Lajolla,
California
|
+$991K |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$967K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$954K |
| 4 |
PCM
Prelude Capital Management
New York
|
+$694K |
| 5 |
RA
Ramius Advisors
New York
|
+$596K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$24.4M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$24.4M |
| 3 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$24.4M |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$24.4M |
| 5 |
ACM
Atalaya Capital Management
New York
|
-$19.8M |
BACA.U Hedge Fund Activity: Q4 2021 in Review
24 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in Berenson Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (BACA.U) for Q4 2021, worth a combined $34.7M — down 84% from $218M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BACA.U and 8 opened new positions — a net loss of 12 holders — while 6 trimmed existing stakes and 5 added.
The largest buyer was Context Capital Management, opening a new position worth an estimated $991K. The largest seller was Farallon Capital Management, exiting entirely with an estimated $24.4M sold.
- 24 institutional investors held Berenson Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (BACA.U) as of Q4 2021, down from 36 in Q3 2021.
- Funds reported $34.7M of Berenson Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant stock for Q4 2021, down 84% quarter-over-quarter.
- 8 funds opened new Berenson Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant positions in Q4 2021 and 20 closed out, a net change of -12 holders.
- The largest Berenson Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant buyer in Q4 2021 was Context Capital Management, an estimated $991K added.
- The largest Berenson Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant seller in Q4 2021 was Farallon Capital Management, an estimated $24.4M sold.
Based on aggregated 13F filings for Q4 2021.