Belong Acquisition Corp. Units
BLNGU
BLNGU was delisted on the 25th of July, 2023.
17 hedge funds and large institutions have $30M invested in Belong Acquisition Corp. Units in 2021 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 13 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
32% less funds holding
Funds holding: 25 → 17 (-8)
62% less capital invested
Capital invested by funds: $77.9M → $30M (-$47.9M)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$698K |
| 2 |
Walleye Capital
New York
|
+$236K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$107K |
| 4 |
RA
Ramius Advisors
New York
|
+$99.6K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$2.99K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$12.6M |
| 2 |
LP
LMR Partners
London,
United Kingdom
|
-$10.7M |
| 3 |
ACM
Atalaya Capital Management
New York
|
-$10.5M |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
-$3.09M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$3.02M |
BLNGU Hedge Fund Activity: Q4 2021 in Review
17 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Belong Acquisition Corp. Units (BLNGU) for Q4 2021, worth a combined $30M — down 62% from $77.9M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BLNGU and 5 opened new positions — a net loss of 8 holders — while 1 trimmed existing stakes and 3 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $698K. The largest seller was Radcliffe Capital Management, exiting entirely with an estimated $12.6M sold.
- 17 institutional investors held Belong Acquisition Corp. Units (BLNGU) as of Q4 2021, down from 25 in Q3 2021.
- Funds reported $30M of Belong Acquisition Corp. Units stock for Q4 2021, down 62% quarter-over-quarter.
- 5 funds opened new Belong Acquisition Corp. Units positions in Q4 2021 and 13 closed out, a net change of -8 holders.
- The largest Belong Acquisition Corp. Units buyer in Q4 2021 was Virtu Financial, an estimated $698K added.
- The largest Belong Acquisition Corp. Units seller in Q4 2021 was Radcliffe Capital Management, an estimated $12.6M sold.
Based on aggregated 13F filings for Q4 2021.