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BLNG

Belong Acquisition Corp. Class A Common Stock
BLNG

Delisted

BLNG was delisted on the 26th of July, 2023.

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20 hedge funds and large institutions have $35.4M invested in Belong Acquisition Corp. Class A Common Stock in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 0 increasing their positions, 7 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% less funds holding

Funds holding: 35 → 20 (-15)

61% less capital invested

Capital invested by funds: $90M → $35.4M (-$54.6M)

67% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 21

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 7

Holders
20
Holders Change
-15
Holders Change %
-42.86%
% of All Funds
0.32%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
–
Reduced
7
Closed
21
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AMC
Atlas Merchant Capital
New York
+$2M
2
Verition Fund Management
Verition Fund Management
Connecticut
+$1.01M
3
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
+$999K
4
CM
Crestline Management
Texas
+$549K
5
RCM
Robinson Capital Management
Michigan
+$469K

Top Sellers

Rank Fund Capital Flow
1
PAMP
Polar Asset Management Partners
Ontario, Canada
-$10.1M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$9.65M
3
SCM
Saba Capital Management
New York
-$9.35M
4
HCM
Highbridge Capital Management
New York
-$3.99M
5
OCAM
Owl Creek Asset Management
New York
-$3.96M
Name Holding Trade Value Shares
Change 		Change in
Stake
OCM
26
Oaktree Capital Management
California
– -$1.98M -200,000 Closed
Millennium Management
27
Millennium Management
New York
– -$1.68M -167,500 Closed
KIM
28
Karpus Investment Management
New York
– -$1.61M -160,581 Closed
AA
29
AQR Arbitrage
Connecticut
– -$1.27M -128,000 Closed
ETH
30
Exos TFP Holdings
New York
– -$1.08M -107,707 Closed
CSS
31
Cubist Systematic Strategies
Connecticut
– -$1.05M -105,718 Closed
LCM
32
Landscape Capital Management
New Jersey
– -$703K -71,037 Closed
WCMNY
33
Westchester Capital Management (New York)
New York
– -$603K -60,116 Closed
KPF
34
K2 Principal Fund
Ontario, Canada
– -$317K -32,062 Closed
DFCM
35
Dark Forest Capital Management
Puerto Rico
– -$221K -22,337 Closed
KKRC
36
Kohlberg Kravis Roberts & Co
New York
– -$190K -19,210 Closed
EC
37
Elequin Capital
New York
– -$143K -14,412 Closed
GCL
38
Glazer Capital LLC
New York
– -$142K -14,329 Closed
Barclays
39
Barclays
United Kingdom
– -$132K -13,299 Closed
CC
40
Centiva Capital
New York
– -$120K -12,105 Closed
UBS Group
41
UBS Group
Switzerland
– -$31.4K -3,170 Closed
1
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BLNG Hedge Fund Activity: Q1 2023 in Review

20 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Belong Acquisition Corp. Class A Common Stock (BLNG) for Q1 2023, worth a combined $35.4M — down 61% from $90M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of BLNG and 7 opened new positions — a net loss of 14 holders — while 7 trimmed existing stakes and 0 added.

The largest buyer was Atlas Merchant Capital, opening a new position worth an estimated $2M. The largest seller was Polar Asset Management Partners, cutting an estimated $10.1M.

  • 20 institutional investors held Belong Acquisition Corp. Class A Common Stock (BLNG) as of Q1 2023, down from 35 in Q4 2022.
  • Funds reported $35.4M of Belong Acquisition Corp. Class A Common Stock stock for Q1 2023, down 61% quarter-over-quarter.
  • 7 funds opened new Belong Acquisition Corp. Class A Common Stock positions in Q1 2023 and 21 closed out, a net change of -14 holders.
  • The largest Belong Acquisition Corp. Class A Common Stock buyer in Q1 2023 was Atlas Merchant Capital, an estimated $2M added.
  • The largest Belong Acquisition Corp. Class A Common Stock seller in Q1 2023 was Polar Asset Management Partners, an estimated $10.1M sold.

Based on aggregated 13F filings for Q1 2023.