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.
17 hedge funds and large institutions have $24.3M 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 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 5 closing their positions.
11% less funds holding
Funds holding: 19 → 17 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
30% less capital invested
Capital invested by funds: $34.7M → $24.3M (-$10.5M)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$539K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$162K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$36.3K |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$19.6K |
| 5 |
CS
Clear Street
New York
|
+$8.69K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$7.7M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$1.49M |
| 3 |
M&T Bank
Buffalo,
New York
|
-$516K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$491K |
| 5 |
RA
Ramius Advisors
New York
|
-$108K |
BGSX.U Hedge Fund Activity: Q2 2022 in Review
17 of the 5,960 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 2022, worth a combined $24.3M — down 30% from $34.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BGSX.U and 4 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 2 added.
The largest buyer was Shaolin Capital Management, opening a new position worth an estimated $539K. The largest seller was ArrowMark Colorado Holdings, exiting entirely with an estimated $7.7M sold.
- 17 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 2022, down from 19 in Q1 2022.
- Funds reported $24.3M 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 2022, down 30% quarter-over-quarter.
- 4 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 2022 and 5 closed out, a net change of -1 holder.
- 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 2022 was Shaolin Capital Management, an estimated $539K 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 2022 was ArrowMark Colorado Holdings, an estimated $7.7M sold.
Based on aggregated 13F filings for Q2 2022.