Black Mountain Acquisition Corp.
BMAC
BMAC was delisted on the 7th of December, 2023.
65 hedge funds and large institutions have $237M invested in Black Mountain Acquisition Corp. in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 17 increasing their positions, 8 reducing their positions, and 10 closing their positions.
113% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 8
10% more capital invested
Capital invested by funds: $217M → $237M (+$20.7M)
7% less funds holding
Funds holding: 70 → 65 (-5)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
+$10.8M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$4.53M |
| 3 |
FTCM
Fir Tree Capital Management
New York
|
+$3M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
+$2.81M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$2.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$8.2M |
| 2 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$4.37M |
| 3 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$3.98M |
| 4 |
CIM
Cowen Investment Management
New York
|
-$2M |
| 5 |
ECU
Eisler Capital (UK)
London,
United Kingdom
|
-$1.97M |
BMAC Hedge Fund Activity: Q3 2022 in Review
65 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Black Mountain Acquisition Corp. (BMAC) for Q3 2022, worth a combined $237M — up 9.6% from $217M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BMAC and 5 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 17 added.
The largest buyer was Highbridge Capital Management, adding an estimated $10.8M. The largest seller was Bank of Montreal, cutting an estimated $8.2M.
- 65 institutional investors held Black Mountain Acquisition Corp. (BMAC) as of Q3 2022, down from 70 in Q2 2022.
- Funds reported $237M of Black Mountain Acquisition Corp. stock for Q3 2022, up 9.6% quarter-over-quarter.
- 5 funds opened new Black Mountain Acquisition Corp. positions in Q3 2022 and 10 closed out, a net change of -5 holders.
- The largest Black Mountain Acquisition Corp. buyer in Q3 2022 was Highbridge Capital Management, an estimated $10.8M added.
- The largest Black Mountain Acquisition Corp. seller in Q3 2022 was Bank of Montreal, an estimated $8.2M sold.
Based on aggregated 13F filings for Q3 2022.