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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
PAMP
1
Polar Asset Management Partners
Ontario, Canada
$3.53M -$10.1M -1,010,000 -74%
Balyasny Asset Management
2
Balyasny Asset Management
Illinois
$3.53M -$9.65M -966,658 -73%
RCM
3
Radcliffe Capital Management
Pennsylvania
$3.53M – – –
CCM
4
Context Capital Management
California
$3.53M – – –
ACM
5
Atalaya Capital Management
New York
$3.51M – – –
LP
6
LMR Partners
United Kingdom
$3.5M – – –
SIM
7
Sandia Investment Management
Massachusetts
$3.5M – – –
MC
8
Meteora Capital
Florida
$2.06M -$959K -95,996 -32%
AMC
9
Atlas Merchant Capital
New York
$2.01M +$2M +200,000 New
BFM
10
Boothbay Fund Management
New York
$1.95M -$419K -41,942 -18%
Verition Fund Management
11
Verition Fund Management
Connecticut
$1.02M +$1.01M +101,410 New
COPPSERS
12
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.01M +$999K +100,000 New
HCM
13
Highbridge Capital Management
New York
$802K -$3.99M -399,432 -83%
CM
14
Crestline Management
Texas
$552K +$549K +55,000 New
RCM
15
Robinson Capital Management
Michigan
$477K +$469K +47,000 New
TI
16
Tidal Investments
Wisconsin
$353K +$350K +35,000 New
WRBC
17
W.R. Berkley Corp
Connecticut
$303K -$685K -68,634 -69%
Walleye Capital
18
Walleye Capital
New York
$160K – – –
Ohio Public Employees Retirement System (OPERS)
19
Ohio Public Employees Retirement System (OPERS)
Ohio
$122K +$120K +12,000 New
CS
20
Clear Street
New York
$2.15K -$81.8K -8,190 -97%
SCM
21
Saba Capital Management
New York
– -$9.35M -931,757 Closed
OCAM
22
Owl Creek Asset Management
New York
– -$3.96M -400,000 Closed
SOA
23
Sea Otter Advisors
Florida
– -$2.57M -259,889 Closed
CF
24
Cantor Fitzgerald
New York
– -$2.14M -216,200 Closed
PC
25
Periscope Capital
Ontario, Canada
– -$2.03M -202,800 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.