Belong Acquisition Corp. Class A Common Stock
BLNG
BLNG was delisted on the 26th of July, 2023.
42 hedge funds and large institutions have $128M invested in Belong Acquisition Corp. Class A Common Stock in 2022 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 5 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
60% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 5
12% more capital invested
Capital invested by funds: $114M → $128M (+$14.1M)
11% more funds holding
Funds holding: 38 → 42 (+4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$10.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.31M |
| 3 |
SCM
Saba Capital Management
New York
|
+$1.95M |
| 4 |
Millennium Management
New York
|
+$1.63M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
+$666K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$2.41M |
| 2 |
HIH
HRS Investment Holdings
New York
|
-$2.1M |
| 3 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$1.94M |
| 4 |
Walleye Capital
New York
|
-$45.4K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$39K |
BLNG Hedge Fund Activity: Q1 2022 in Review
42 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Belong Acquisition Corp. Class A Common Stock (BLNG) for Q1 2022, worth a combined $128M — up 12% from $114M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new BLNG positions and 3 closed out — a net gain of 4 holders — while 8 added to existing stakes and 5 trimmed.
The largest buyer was Aristeia Capital, opening a new position worth an estimated $10.6M. The largest seller was D.E. Shaw & Co, cutting an estimated $2.41M.
- 42 institutional investors held Belong Acquisition Corp. Class A Common Stock (BLNG) as of Q1 2022, up from 38 in Q4 2021.
- Funds reported $128M of Belong Acquisition Corp. Class A Common Stock stock for Q1 2022, up 12% quarter-over-quarter.
- 7 funds opened new Belong Acquisition Corp. Class A Common Stock positions in Q1 2022 and 3 closed out, a net change of +4 holders.
- The largest Belong Acquisition Corp. Class A Common Stock buyer in Q1 2022 was Aristeia Capital, an estimated $10.6M added.
- The largest Belong Acquisition Corp. Class A Common Stock seller in Q1 2022 was D.E. Shaw & Co, an estimated $2.41M sold.
Based on aggregated 13F filings for Q1 2022.