Belong Acquisition Corp. Units
BLNGU
BLNGU was delisted on the 25th of July, 2023.
13 hedge funds and large institutions have $11.5M invested in Belong Acquisition Corp. Units in 2022 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 3 closing their positions.
13% less funds holding
Funds holding: 15 → 13 (-2)
27% less capital invested
Capital invested by funds: $15.8M → $11.5M (-$4.33M)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$144K |
| 2 |
CS
Clear Street
New York
|
+$43.2K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$8.09K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$646K |
| 2 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$139K |
| 3 |
VF
Virtu Financial
New York
|
-$125K |
| 4 |
RA
Ramius Advisors
New York
|
-$99K |
| 5 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$38.7K |
BLNGU Hedge Fund Activity: Q2 2022 in Review
13 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Belong Acquisition Corp. Units (BLNGU) for Q2 2022, worth a combined $11.5M — down 27% from $15.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BLNGU and 1 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 2 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $144K. The largest seller was Magnetar Financial, cutting an estimated $646K.
- 13 institutional investors held Belong Acquisition Corp. Units (BLNGU) as of Q2 2022, down from 15 in Q1 2022.
- Funds reported $11.5M of Belong Acquisition Corp. Units stock for Q2 2022, down 27% quarter-over-quarter.
- 1 fund opened new Belong Acquisition Corp. Units positions in Q2 2022 and 3 closed out, a net change of -2 holders.
- The largest Belong Acquisition Corp. Units buyer in Q2 2022 was Susquehanna International Group, an estimated $144K added.
- The largest Belong Acquisition Corp. Units seller in Q2 2022 was Magnetar Financial, an estimated $646K sold.
Based on aggregated 13F filings for Q2 2022.