Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
BGSX.U
BGSX.U was delisted on the 16th of March, 2023.
23 hedge funds and large institutions have $45.5M invested in Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant in 2021 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 11 closing their positions.
22% less capital invested
Capital invested by funds: $58.6M → $45.5M (-$13.2M)
28% less funds holding
Funds holding: 32 → 23 (-9)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
82% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$474K |
| 2 |
PCM
Prelude Capital Management
New York
|
+$131K |
| 3 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$19.9K |
| 4 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$9.94K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$5.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$6.47M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$5.97M |
| 3 |
D.E. Shaw & Co
New York
|
-$5.96M |
| 4 |
Millennium Management
New York
|
-$5.47M |
| 5 |
CCM
CAAS Capital Management
New York
|
-$1.34M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Millennium Management
New York
| – | -$5.47M | -550,000 | Closed |
|
|
CCM
27
CAAS Capital Management
New York
| – | -$1.34M | -134,524 | Closed |
|
|
RCM
28
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$978K | -98,272 | Closed |
|
29
Citadel Advisors
Miami,
Florida
| – | -$703K | -70,644 | Closed |
|
|
FTUS
30
Flow Traders U.S.
New York
| – | -$139K | -14,002 | Closed |
|
|
PAM
31
Panagora Asset Management
Boston,
Massachusetts
| – | -$92K | -9,252 | Closed |
|
|
RCM
32
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$30K | -3,012 | Closed |
|
BGSX.U Hedge Fund Activity: Q3 2021 in Review
23 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (BGSX.U) for Q3 2021, worth a combined $45.5M — down 22% from $58.6M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of BGSX.U and 2 opened new positions — a net loss of 9 holders — while 6 trimmed existing stakes and 4 added.
The largest buyer was Shaolin Capital Management, adding an estimated $474K. The largest seller was Periscope Capital, exiting entirely with an estimated $6.47M sold.
- 23 institutional investors held Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (BGSX.U) as of Q3 2021, down from 32 in Q2 2021.
- Funds reported $45.5M of Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q3 2021, down 22% quarter-over-quarter.
- 2 funds opened new Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant positions in Q3 2021 and 11 closed out, a net change of -9 holders.
- The largest Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant buyer in Q3 2021 was Shaolin Capital Management, an estimated $474K added.
- The largest Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant seller in Q3 2021 was Periscope Capital, an estimated $6.47M sold.
Based on aggregated 13F filings for Q3 2021.