Black Mountain Acquisition Corp.
BMAC
BMAC was delisted on the 7th of December, 2023.
21 hedge funds and large institutions have $51.1M invested in Black Mountain Acquisition Corp. in 2023 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 48 closing their positions.
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
69% less funds holding
Funds holding: 68 → 21 (-47)
81% less capital invested
Capital invested by funds: $269M → $51.1M (-$218M)
98% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 48
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$2.84M |
| 2 |
Walleye Capital
New York
|
+$605K |
| 3 |
KL
KIM LLC
Wichita,
Kansas
|
+$421K |
| 4 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$70.5K |
| 5 |
CS
Clear Street
New York
|
+$46K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$21.5M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$20.7M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$18.7M |
| 4 |
HCM
Highbridge Capital Management
New York
|
-$13.7M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$11.9M |
BMAC Hedge Fund Activity: Q2 2023 in Review
21 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Black Mountain Acquisition Corp. (BMAC) for Q2 2023, worth a combined $51.1M — down 81% from $269M a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of BMAC and 1 opened new positions — a net loss of 47 holders — while 8 trimmed existing stakes and 6 added.
The largest buyer was Shaolin Capital Management, adding an estimated $2.84M. The largest seller was Saba Capital Management, exiting entirely with an estimated $21.5M sold.
- 21 institutional investors held Black Mountain Acquisition Corp. (BMAC) as of Q2 2023, down from 68 in Q1 2023.
- Funds reported $51.1M of Black Mountain Acquisition Corp. stock for Q2 2023, down 81% quarter-over-quarter.
- 1 fund opened new Black Mountain Acquisition Corp. positions in Q2 2023 and 48 closed out, a net change of -47 holders.
- The largest Black Mountain Acquisition Corp. buyer in Q2 2023 was Shaolin Capital Management, an estimated $2.84M added.
- The largest Black Mountain Acquisition Corp. seller in Q2 2023 was Saba Capital Management, an estimated $21.5M sold.
Based on aggregated 13F filings for Q2 2023.