Bite Acquisition Corp.
BITE
BITE was delisted on the 28th of June, 2024.
28 hedge funds and large institutions have $75.2M invested in Bite Acquisition Corp. in 2022 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 44 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
57% less capital invested
Capital invested by funds: $176M → $75.2M (-$101M)
58% less funds holding
Funds holding: 66 → 28 (-38)
84% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 44
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$2.94M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$2.12M |
| 3 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$1.9M |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$657K |
| 5 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
+$610K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$11.9M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$9.66M |
| 3 |
Millennium Management
New York
|
-$8.79M |
| 4 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$8.36M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$6.01M |
BITE Hedge Fund Activity: Q4 2022 in Review
28 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Bite Acquisition Corp. (BITE) for Q4 2022, worth a combined $75.2M — down 57% from $176M a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of BITE and 7 opened new positions — a net loss of 37 holders — while 6 trimmed existing stakes and 6 added.
The largest buyer was Yakira Capital Management, adding an estimated $2.94M. The largest seller was Saba Capital Management, exiting entirely with an estimated $11.9M sold.
- 28 institutional investors held Bite Acquisition Corp. (BITE) as of Q4 2022, down from 66 in Q3 2022.
- Funds reported $75.2M of Bite Acquisition Corp. stock for Q4 2022, down 57% quarter-over-quarter.
- 7 funds opened new Bite Acquisition Corp. positions in Q4 2022 and 44 closed out, a net change of -37 holders.
- The largest Bite Acquisition Corp. buyer in Q4 2022 was Yakira Capital Management, an estimated $2.94M added.
- The largest Bite Acquisition Corp. seller in Q4 2022 was Saba Capital Management, an estimated $11.9M sold.
Based on aggregated 13F filings for Q4 2022.