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.
13 hedge funds and large institutions have $11.8M 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 2022 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 11 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
46% less funds holding
Funds holding: 24 → 13 (-11)
66% less capital invested
Capital invested by funds: $34.7M → $11.8M (-$22.9M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$121K |
| 2 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$19.3K |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$17.2K |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$12.8K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$8.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$9.93M |
| 2 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$4.95M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$2.01M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.92M |
| 5 |
SGM
Seven Grand Managers
Bronxville,
New York
|
-$1M |
BACA.U Hedge Fund Activity: Q1 2022 in Review
13 of the 6,341 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 Q1 2022, worth a combined $11.8M — down 66% from $34.7M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BACA.U and 0 opened new positions — a net loss of 11 holders — while 4 trimmed existing stakes and 5 added.
The largest buyer was Wolverine Asset Management, adding an estimated $121K. The largest seller was Millennium Management, exiting entirely with an estimated $9.93M sold.
- 13 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 Q1 2022, down from 24 in Q4 2021.
- Funds reported $11.8M 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 Q1 2022, down 66% quarter-over-quarter.
- 0 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 Q1 2022 and 11 closed out, a net change of -11 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 Q1 2022 was Wolverine Asset Management, an estimated $121K 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 Q1 2022 was Millennium Management, an estimated $9.93M sold.
Based on aggregated 13F filings for Q1 2022.