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.
19 hedge funds and large institutions have $34.7M invested in Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 5 closing their positions.
17% less funds holding
Funds holding: 23 → 19 (-4)
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
20% less capital invested
Capital invested by funds: $43.6M → $34.7M (-$8.87M)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
M&T Bank
Buffalo,
New York
|
+$260K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$109K |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$101K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$19.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$7.21M |
| 2 |
HP
Hound Partners
New York
|
-$1.78M |
| 3 |
GCL
Glazer Capital LLC
New York
|
-$372K |
| 4 |
MIG
Mariner Investment Group
Harrison,
New York
|
-$356K |
| 5 |
PCM
Prelude Capital Management
New York
|
-$130K |
BGSX.U Hedge Fund Activity: Q1 2022 in Review
19 of the 6,341 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 Q1 2022, worth a combined $34.7M — down 20% from $43.6M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BGSX.U and 1 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 4 added.
The largest buyer was M&T Bank, adding an estimated $260K. The largest seller was Shaolin Capital Management, exiting entirely with an estimated $7.21M sold.
- 19 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 Q1 2022, down from 23 in Q4 2021.
- Funds reported $34.7M of Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q1 2022, down 20% quarter-over-quarter.
- 1 fund 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 Q1 2022 and 5 closed out, a net change of -4 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 Q1 2022 was M&T Bank, an estimated $260K 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 Q1 2022 was Shaolin Capital Management, an estimated $7.21M sold.
Based on aggregated 13F filings for Q1 2022.