Belong Acquisition Corp. Class A Common Stock
BLNG
BLNG was delisted on the 26th of July, 2023.
24 hedge funds and large institutions have $42M invested in Belong Acquisition Corp. Class A Common Stock in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
20% more funds holding
Funds holding: 20 → 24 (+4)
18% more capital invested
Capital invested by funds: $35.4M → $42M (+$6.54M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCL
Bracebridge Capital LLC
Boston,
Massachusetts
|
+$3.04M |
| 2 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$2.04M |
| 3 |
CAC
Cowen and Company
New York
|
+$1.45M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$1.32M |
| 5 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$3.53M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$811K |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
-$811K |
| 4 |
Ohio Public Employees Retirement System (OPERS)
Columbus,
Ohio
|
-$122K |
| 5 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$112 |
BLNG Hedge Fund Activity: Q2 2023 in Review
24 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Belong Acquisition Corp. Class A Common Stock (BLNG) for Q2 2023, worth a combined $42M — up 18% from $35.4M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new BLNG positions and 2 closed out — a net gain of 4 holders — while 5 added to existing stakes and 3 trimmed.
The largest buyer was Bracebridge Capital LLC, opening a new position worth an estimated $3.04M. The largest seller was Balyasny Asset Management, exiting entirely with an estimated $3.53M sold.
- 24 institutional investors held Belong Acquisition Corp. Class A Common Stock (BLNG) as of Q2 2023, up from 20 in Q1 2023.
- Funds reported $42M of Belong Acquisition Corp. Class A Common Stock stock for Q2 2023, up 18% quarter-over-quarter.
- 6 funds opened new Belong Acquisition Corp. Class A Common Stock positions in Q2 2023 and 2 closed out, a net change of +4 holders.
- The largest Belong Acquisition Corp. Class A Common Stock buyer in Q2 2023 was Bracebridge Capital LLC, an estimated $3.04M added.
- The largest Belong Acquisition Corp. Class A Common Stock seller in Q2 2023 was Balyasny Asset Management, an estimated $3.53M sold.
Based on aggregated 13F filings for Q2 2023.