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.
32 hedge funds and large institutions have $58.6M 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 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 12 reducing their positions, and 30 closing their positions.
41% less funds holding
Funds holding: 54 → 32 (-22)
42% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 12
66% less capital invested
Capital invested by funds: $172M → $58.6M (-$114M)
73% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$2.49M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$1.33M |
| 3 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$995K |
| 4 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$686K |
| 5 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$685K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$14.7M |
| 2 |
TCA
Taconic Capital Advisors
New York
|
-$7.9M |
| 3 |
HI
HBK Investments
Dallas,
Texas
|
-$7.4M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$5.92M |
| 5 |
CH
CVI Holdings
Wilmington,
Delaware
|
-$5.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
51
Saba Capital Management
New York
| – | -$1.48M | -150,000 | Closed |
|
|
SCC
52
Spring Creek Capital
Wichita,
Kansas
| – | -$1.48M | -150,000 | Closed |
|
|
AFM
53
Anson Funds Management
Dallas,
Texas
| – | -$987K | -100,000 | Closed |
|
54
Capstone Investment Advisors
New York
| – | -$987K | -100,000 | Closed |
|
|
MP
55
Mangrove Partners
Greenwich,
Connecticut
| – | -$987K | -100,000 | Closed |
|
|
DCM
56
Dupont Capital Management
Wilmington,
Delaware
| – | -$995K | -99,996 | -100% |
|
|
EC
57
EJF Capital
Arlington,
Virginia
| – | -$875K | -88,686 | Closed |
|
|
BCM
58
Basso Capital Management
Stamford,
Connecticut
| – | -$587K | -59,500 | Closed |
|
|
CAC
59
Cowen and Company
New York
| – | -$343K | -34,702 | Closed |
|
|
DAM
60
Deltec Asset Management
New York
| – | -$99K | -10,000 | Closed |
|
|
AA
61
Ancora Advisors
Cleveland,
Ohio
| – | -$93K | -9,375 | Closed |
|
62
UBS Group
Zurich,
Switzerland
| – | -$5K | -506 | Closed |
|
BGSX.U Hedge Fund Activity: Q2 2021 in Review
32 of the 5,746 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 Q2 2021, worth a combined $58.6M — down 66% from $172M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of BGSX.U and 8 opened new positions — a net loss of 22 holders — while 12 trimmed existing stakes and 7 added.
The largest buyer was Periscope Capital, adding an estimated $2.49M. The largest seller was Sculptor Capital, exiting entirely with an estimated $14.7M sold.
- 32 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 Q2 2021, down from 54 in Q1 2021.
- Funds reported $58.6M of Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q2 2021, down 66% quarter-over-quarter.
- 8 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 Q2 2021 and 30 closed out, a net change of -22 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 Q2 2021 was Periscope Capital, an estimated $2.49M 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 Q2 2021 was Sculptor Capital, an estimated $14.7M sold.
Based on aggregated 13F filings for Q2 2021.