Bite Acquisition Corp. Units, each consisting of one share of common stock, and one-half of one redeemable warrant
BITE.U
BITE.U was delisted on the 28th of June, 2024.
38 hedge funds and large institutions have $57.8M invested in Bite Acquisition Corp. Units, each consisting of one share of common stock, and one-half of one redeemable warrant in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 13 reducing their positions, and 31 closing their positions.
38% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 13
42% less funds holding
Funds holding: 66 → 38 (-28)
67% less capital invested
Capital invested by funds: $174M → $57.8M (-$117M)
87% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$1.58M |
| 2 |
CIM
Cowen Investment Management
New York
|
+$997K |
| 3 |
AGM
Alpine Global Management
New York
|
+$245K |
| 4 |
VF
Virtu Financial
New York
|
+$230K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$158K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$11M |
| 2 |
LA
Linden Advisors
New York
|
-$10.9M |
| 3 |
GCL
Glazer Capital LLC
New York
|
-$9.7M |
| 4 |
JP Morgan Chase
New York
|
-$7.02M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$5.17M |
BITE.U Hedge Fund Activity: Q2 2021 in Review
38 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Bite Acquisition Corp. Units, each consisting of one share of common stock, and one-half of one redeemable warrant (BITE.U) for Q2 2021, worth a combined $57.8M — down 67% from $174M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of BITE.U and 4 opened new positions — a net loss of 27 holders — while 13 trimmed existing stakes and 8 added.
The largest buyer was Shaolin Capital Management, adding an estimated $1.58M. The largest seller was Nomura Holdings, exiting entirely with an estimated $11M sold.
- 38 institutional investors held Bite Acquisition Corp. Units, each consisting of one share of common stock, and one-half of one redeemable warrant (BITE.U) as of Q2 2021, down from 66 in Q1 2021.
- Funds reported $57.8M of Bite Acquisition Corp. Units, each consisting of one share of common stock, and one-half of one redeemable warrant stock for Q2 2021, down 67% quarter-over-quarter.
- 4 funds opened new Bite Acquisition Corp. Units, each consisting of one share of common stock, and one-half of one redeemable warrant positions in Q2 2021 and 31 closed out, a net change of -27 holders.
- The largest Bite Acquisition Corp. Units, each consisting of one share of common stock, and one-half of one redeemable warrant buyer in Q2 2021 was Shaolin Capital Management, an estimated $1.58M added.
- The largest Bite Acquisition Corp. Units, each consisting of one share of common stock, and one-half of one redeemable warrant seller in Q2 2021 was Nomura Holdings, an estimated $11M sold.
Based on aggregated 13F filings for Q2 2021.