Foley Trasimene Acquisition Corp. II Units, each consisting of one share of Class A common stock, an
BFT.U
BFT.U was delisted on the 30th of March, 2021.
22 hedge funds and large institutions have $187M invested in Foley Trasimene Acquisition Corp. II Units, each consisting of one share of Class A common stock, an in 2020 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 91 closing their positions.
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
79% less funds holding
Funds holding: 104 → 22 (-82)
86% less capital invested
Capital invested by funds: $1.31B → $187M (-$1.13B)
89% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 91
100% less funds holding in top 10
Funds holding in top 10: 10 → 0 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
Stephens Inc
Little Rock,
Arkansas
|
+$3.6M |
| 2 |
VF
Virtu Financial
New York
|
+$2.65M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$2.24M |
| 4 |
CC
Cannell & Co
New York
|
+$1.63M |
| 5 |
LCH
Lee Capital Holdings
New York
|
+$595K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$124M |
| 2 |
MP
MFN Partners
Boston,
Massachusetts
|
-$102M |
| 3 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$91.8M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$74M |
| 5 |
TAL
TIG Advisors LLC
New York
|
-$55M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JG
101
Jefferies Group
New York
| – | -$864K | -84,678 | Closed |
|
|
FTCM
102
First Trust Capital Management
Chicago,
Illinois
| – | -$857K | -84,055 | Closed |
|
103
Walleye Trading
New York
| – | -$775K | -76,000 | Closed |
|
|
WMSA
104
Weiss Multi-Strategy Advisers
New York
| – | -$643K | -63,025 | Closed |
|
|
YCM
105
Yakira Capital Management
Westport,
Connecticut
| – | -$536K | -52,500 | Closed |
|
106
Bank of America
Charlotte,
North Carolina
| – | -$510K | -50,000 | Closed |
|
|
LCS
107
Levin Capital Strategies
New York
| – | -$510K | -50,000 | Closed |
|
108
UBS Group
Zurich,
Switzerland
| – | -$408K | -40,000 | Closed |
|
|
SSA
109
Schonfeld Strategic Advisors
New York
| – | -$400K | -39,200 | Closed |
|
|
WCA
110
Waratah Capital Advisors
Toronto,
Ontario, Canada
| – | -$273K | -26,787 | Closed |
|
|
CS
111
Credit Suisse
Zurich,
Switzerland
| – | -$236K | -23,158 | Closed |
|
112
CI Investments Inc
Toronto,
Ontario, Canada
| – | -$169K | -16,600 | Closed |
|
|
PAM
113
Panagora Asset Management
Boston,
Massachusetts
| – | -$81K | -7,959 | Closed |
|
BFT.U Hedge Fund Activity: Q4 2020 in Review
22 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Foley Trasimene Acquisition Corp. II Units, each consisting of one share of Class A common stock, an (BFT.U) for Q4 2020, worth a combined $187M — down 86% from $1.31B a quarter earlier.
Sellers outnumbered buyers: 91 funds closed out of BFT.U and 10 opened new positions — a net loss of 81 holders — while 6 trimmed existing stakes and 3 added.
The largest buyer was Stephens Inc, opening a new position worth an estimated $3.6M. The largest seller was Millennium Management, cutting an estimated $124M.
- 22 institutional investors held Foley Trasimene Acquisition Corp. II Units, each consisting of one share of Class A common stock, an (BFT.U) as of Q4 2020, down from 104 in Q3 2020.
- Funds reported $187M of Foley Trasimene Acquisition Corp. II Units, each consisting of one share of Class A common stock, an stock for Q4 2020, down 86% quarter-over-quarter.
- 10 funds opened new Foley Trasimene Acquisition Corp. II Units, each consisting of one share of Class A common stock, an positions in Q4 2020 and 91 closed out, a net change of -81 holders.
- The largest Foley Trasimene Acquisition Corp. II Units, each consisting of one share of Class A common stock, an buyer in Q4 2020 was Stephens Inc, an estimated $3.6M added.
- The largest Foley Trasimene Acquisition Corp. II Units, each consisting of one share of Class A common stock, an seller in Q4 2020 was Millennium Management, an estimated $124M sold.
Based on aggregated 13F filings for Q4 2020.