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.
10 hedge funds and large institutions have $10.3M 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 Q2 according to their latest regulatory filings, with funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 3 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
12% less capital invested
Capital invested by funds: $11.8M → $10.3M (-$1.48M)
23% less funds holding
Funds holding: 13 → 10 (-3)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$54K |
| 2 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
+$24.6K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$18.8K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.28K |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$383 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$780K |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$339K |
| 3 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$126K |
| 4 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$126K |
| 5 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$59.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Calamos Advisors
Naperville,
Illinois
| $4.84M | – | – | – |
|
|
WC
2
Wealthspring Capital
West Harrison,
New York
| $1.45M | -$126K | -12,860 | -8% |
|
|
SIA
3
Schechter Investment Advisors
Birmingham,
Michigan
| $1.4M | -$126K | -12,860 | -8% |
|
|
SMA
4
Sage Mountain Advisors
Atlanta,
Georgia
| $1.05M | -$59.7K | -6,080 | -5% |
|
|
CSS
5
Cubist Systematic Strategies
Stamford,
Connecticut
| $980K | +$383 | +39 | +0% |
|
|
LCM
6
Landscape Capital Management
Englewood,
New Jersey
| $256K | +$18.8K | +1,917 | +8% |
|
|
WAM
7
Wolverine Asset Management
Chicago,
Illinois
| $211K | +$54K | +5,500 | +35% |
|
|
CCM
8
Condor Capital Management
Martinsville,
New Jersey
| $107K | +$24.6K | +2,500 | +30% |
|
|
9
UBS Group
Zurich,
Switzerland
| $15K | +$1.28K | +130 | +9% |
|
10
Bank of America
Charlotte,
North Carolina
| $13K | – | – | – |
|
|
MF
11
Magnetar Financial
Evanston,
Illinois
| – | -$780K | -79,000 | Closed |
|
|
CL
12
CSS LLC
Chicago,
Illinois
| – | -$339K | -34,314 | Closed |
|
BACA.U Hedge Fund Activity: Q2 2022 in Review
10 of the 5,937 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 Q2 2022, worth a combined $10.3M — down 12% from $11.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BACA.U and 0 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 5 added.
The largest buyer was Wolverine Asset Management, adding an estimated $54K. The largest seller was Magnetar Financial, exiting entirely with an estimated $780K sold.
- 10 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 Q2 2022, down from 13 in Q1 2022.
- Funds reported $10.3M 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 Q2 2022, down 12% 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 Q2 2022 and 3 closed out, a net change of -3 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 Q2 2022 was Wolverine Asset Management, an estimated $54K 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 Q2 2022 was Magnetar Financial, an estimated $780K sold.
Based on aggregated 13F filings for Q2 2022.