Belong Acquisition Corp. Class A Common Stock
BLNG
BLNG was delisted on the 26th of July, 2023.
35 hedge funds and large institutions have $90M invested in Belong Acquisition Corp. Class A Common Stock in 2022 Q4 according to their latest regulatory filings, with 10 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 23 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
29% less funds holding
Funds holding: 49 → 35 (-14)
36% less capital invested
Capital invested by funds: $141M → $90M (-$50.6M)
57% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Context Capital Management
Lajolla,
California
|
+$3.49M |
| 2 |
KC
Kepos Capital
New York
|
+$3.49M |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$3.49M |
| 4 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$3.01M |
| 5 |
SOA
Sea Otter Advisors
Miami,
Florida
|
+$2.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$10.7M |
| 2 |
LP
LMR Partners
London,
United Kingdom
|
-$7.25M |
| 3 |
ACM
Atalaya Capital Management
New York
|
-$7.04M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$6.15M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$5.92M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SSA
51
Schonfeld Strategic Advisors
New York
| – | -$358K | -36,333 | Closed |
|
52
Blackstone Inc
New York
| – | -$345K | -34,953 | Closed |
|
|
OFG
53
OTA Financial Group
Purchase,
New York
| – | -$239K | -24,254 | Closed |
|
|
HHGC
54
Hunting Hill Global Capital
New York
| – | -$230K | -23,300 | Closed |
|
|
VF
55
Virtu Financial
New York
| – | -$199K | -20,190 | Closed |
|
|
MA
56
MYDA Advisors
Woodmere,
New York
| – | -$153K | -15,555 | Closed |
|
|
WAM
57
Wolverine Asset Management
Chicago,
Illinois
| – | -$104K | -10,648 | Closed |
|
BLNG Hedge Fund Activity: Q4 2022 in Review
35 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Belong Acquisition Corp. Class A Common Stock (BLNG) for Q4 2022, worth a combined $90M — down 36% from $141M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of BLNG and 10 opened new positions — a net loss of 13 holders — while 5 trimmed existing stakes and 6 added.
The largest buyer was Context Capital Management, opening a new position worth an estimated $3.49M. The largest seller was Aristeia Capital, exiting entirely with an estimated $10.7M sold.
- 35 institutional investors held Belong Acquisition Corp. Class A Common Stock (BLNG) as of Q4 2022, down from 49 in Q3 2022.
- Funds reported $90M of Belong Acquisition Corp. Class A Common Stock stock for Q4 2022, down 36% quarter-over-quarter.
- 10 funds opened new Belong Acquisition Corp. Class A Common Stock positions in Q4 2022 and 23 closed out, a net change of -13 holders.
- The largest Belong Acquisition Corp. Class A Common Stock buyer in Q4 2022 was Context Capital Management, an estimated $3.49M added.
- The largest Belong Acquisition Corp. Class A Common Stock seller in Q4 2022 was Aristeia Capital, an estimated $10.7M sold.
Based on aggregated 13F filings for Q4 2022.