Belong Acquisition Corp. Class A Common Stock
BLNG
BLNG was delisted on the 26th of July, 2023.
41 hedge funds and large institutions have $127M invested in Belong Acquisition Corp. Class A Common Stock in 2022 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
11% more capital invested
Capital invested by funds: $114M → $127M (+$12.6M)
8% more funds holding
Funds holding: 38 → 41 (+3)
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 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$1.51M |
| 5 |
Walleye Capital
New York
|
-$45.4K |
BLNG Hedge Fund Activity: Q1 2022 in Review
41 of the 6,340 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 $127M — up 11% from $114M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new BLNG positions and 4 closed out — a net gain of 3 holders — while 7 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.
- 41 institutional investors held Belong Acquisition Corp. Class A Common Stock (BLNG) as of Q1 2022, up from 38 in Q4 2021.
- Funds reported $127M of Belong Acquisition Corp. Class A Common Stock stock for Q1 2022, up 11% quarter-over-quarter.
- 7 funds opened new Belong Acquisition Corp. Class A Common Stock positions in Q1 2022 and 4 closed out, a net change of +3 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.