Black Mountain Acquisition Corp.
BMAC
BMAC was delisted on the 7th of December, 2023.
68 hedge funds and large institutions have $269M invested in Black Mountain Acquisition Corp. in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 8 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
8% more capital invested
Capital invested by funds: $248M → $269M (+$21.1M)
1% more funds holding
Funds holding: 67 → 68 (+1)
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$12.1M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$7.27M |
| 3 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$7.13M |
| 4 |
CIM
Cowen Investment Management
New York
|
+$5.15M |
| 5 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$4.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$9.18M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$8.16M |
| 3 |
CCM
Context Capital Management
Lajolla,
California
|
-$5.84M |
| 4 |
HCM
Highbridge Capital Management
New York
|
-$1.86M |
| 5 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$1.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$17K | -1,665 | Closed |
|
BMAC Hedge Fund Activity: Q1 2023 in Review
68 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Black Mountain Acquisition Corp. (BMAC) for Q1 2023, worth a combined $269M — up 8.5% from $248M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BMAC positions and 8 closed out — a net gain of 1 holder — while 12 added to existing stakes and 16 trimmed.
The largest buyer was Westchester Capital Management (New York), opening a new position worth an estimated $12.1M. The largest seller was Bank of Montreal, exiting entirely with an estimated $9.18M sold.
- 68 institutional investors held Black Mountain Acquisition Corp. (BMAC) as of Q1 2023, up from 67 in Q4 2022.
- Funds reported $269M of Black Mountain Acquisition Corp. stock for Q1 2023, up 8.5% quarter-over-quarter.
- 9 funds opened new Black Mountain Acquisition Corp. positions in Q1 2023 and 8 closed out, a net change of +1 holder.
- The largest Black Mountain Acquisition Corp. buyer in Q1 2023 was Westchester Capital Management (New York), an estimated $12.1M added.
- The largest Black Mountain Acquisition Corp. seller in Q1 2023 was Bank of Montreal, an estimated $9.18M sold.
Based on aggregated 13F filings for Q1 2023.