Black Mountain Acquisition Corp.
BMAC
BMAC was delisted on the 7th of December, 2023.
23 hedge funds and large institutions have $46.4M invested in Black Mountain Acquisition Corp. in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 3 closing their positions.
67% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 3
10% more funds holding
Funds holding: 21 → 23 (+2)
13% less capital invested
Capital invested by funds: $53.6M → $46.4M (-$7.22M)
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$4.53M |
| 2 |
CAC
Cowen and Company
New York
|
+$4M |
| 3 |
SG
StoneX Group
New York
|
+$872K |
| 4 |
VF
Virtu Financial
New York
|
+$594K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$1.28K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$5.04M |
| 2 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
-$4.94M |
| 3 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$4.12M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$1.34M |
| 5 |
KL
KIM LLC
Wichita,
Kansas
|
-$1.07M |
BMAC Hedge Fund Activity: Q3 2023 in Review
23 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Black Mountain Acquisition Corp. (BMAC) for Q3 2023, worth a combined $46.4M — down 13% from $53.6M a quarter earlier.
Buyers outnumbered sellers: 5 funds opened new BMAC positions and 3 closed out — a net gain of 2 holders — while 1 added to existing stakes and 5 trimmed.
The largest buyer was First Trust Capital Management, opening a new position worth an estimated $4.53M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $5.04M sold.
- 23 institutional investors held Black Mountain Acquisition Corp. (BMAC) as of Q3 2023, up from 21 in Q2 2023.
- Funds reported $46.4M of Black Mountain Acquisition Corp. stock for Q3 2023, down 13% quarter-over-quarter.
- 5 funds opened new Black Mountain Acquisition Corp. positions in Q3 2023 and 3 closed out, a net change of +2 holders.
- The largest Black Mountain Acquisition Corp. buyer in Q3 2023 was First Trust Capital Management, an estimated $4.53M added.
- The largest Black Mountain Acquisition Corp. seller in Q3 2023 was Fir Tree Capital Management, an estimated $5.04M sold.
Based on aggregated 13F filings for Q3 2023.