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.
13 hedge funds and large institutions have $2.15M 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 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 2 closing their positions.
7% less funds holding
Funds holding: 14 → 13 (-1)
36% less capital invested
Capital invested by funds: $3.37M → $2.15M (-$1.22M)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$57K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$6.56K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$884K |
| 2 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$391K |
| 3 |
CS
Clear Street
New York
|
-$58K |
| 4 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$53.6K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$26.8K |
BGSX.U Hedge Fund Activity: Q4 2022 in Review
13 of the 6,223 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 Q4 2022, worth a combined $2.15M — down 36% from $3.37M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of BGSX.U and 1 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 2 added.
The largest buyer was Glazer Capital LLC, adding an estimated $57K. The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $884K sold.
- 13 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 Q4 2022, down from 14 in Q3 2022.
- Funds reported $2.15M of Build Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q4 2022, down 36% 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 Q4 2022 and 2 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 Q4 2022 was Glazer Capital LLC, an estimated $57K 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 Q4 2022 was Westchester Capital Management (New York), an estimated $884K sold.
Based on aggregated 13F filings for Q4 2022.