Bite Acquisition Corp.
BITE
BITE was delisted on the 28th of June, 2024.
13 hedge funds and large institutions have $26.8M invested in Bite Acquisition Corp. in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 16 closing their positions.
54% less funds holding
Funds holding: 28 → 13 (-15)
64% less capital invested
Capital invested by funds: $75.2M → $26.8M (-$48.4M)
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
94% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Crestline Management
Fort Worth,
Texas
|
+$1.02M |
| 2 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$1.17K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
-$10.4M |
| 2 |
Nomura Holdings
Tokyo,
Japan
|
-$9.72M |
| 3 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$5.54M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$4.75M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$4.65M |
BITE Hedge Fund Activity: Q1 2023 in Review
13 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Bite Acquisition Corp. (BITE) for Q1 2023, worth a combined $26.8M — down 64% from $75.2M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of BITE and 1 opened new positions — a net loss of 15 holders — while 3 trimmed existing stakes and 1 added.
The largest buyer was Crestline Management, opening a new position worth an estimated $1.02M. The largest seller was HSBC Holdings, exiting entirely with an estimated $10.4M sold.
- 13 institutional investors held Bite Acquisition Corp. (BITE) as of Q1 2023, down from 28 in Q4 2022.
- Funds reported $26.8M of Bite Acquisition Corp. stock for Q1 2023, down 64% quarter-over-quarter.
- 1 fund opened new Bite Acquisition Corp. positions in Q1 2023 and 16 closed out, a net change of -15 holders.
- The largest Bite Acquisition Corp. buyer in Q1 2023 was Crestline Management, an estimated $1.02M added.
- The largest Bite Acquisition Corp. seller in Q1 2023 was HSBC Holdings, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2023.