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BMAC.U

Black Mountain Acquisition Corp. Units, each consisting of one share of Class A common stock and three quarters of one warrant

Delisted

BMAC.U was delisted on the 10th of November, 2023.

24 hedge funds and large institutions have $36.8M invested in Black Mountain Acquisition Corp. Units, each consisting of one share of Class A common stock and three quarters of one warrant in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% less funds holding

Funds holding: 3224 (-8)

56% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 9

58% less capital invested

Capital invested by funds: $88M → $36.8M (-$51.2M)

78% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
24
Holders Change
-8
Holders Change %
-25%
% of All Funds
0.38%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
2
Increased
4
Reduced
9
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SRCM
1
Sage Rock Capital Management
New York
$6.17M -$2.88M -285,270 -32%
YCM
2
Yakira Capital Management
Connecticut
$5.77M
CCA
3
Castle Creek Arbitrage
Colorado
$4.53M
MP
4
Mangrove Partners
Connecticut
$4.05M +$19.9K +1,965 +0.5%
Parallax Volatility Advisers
5
Parallax Volatility Advisers
California
$2.79M +$2.8M +276,796 New
Calamos Advisors
6
Calamos Advisors
Illinois
$2.27M
WC
7
Wealthspring Capital
New York
$1.8M -$2.53K -250 -0.1%
HIM
8
HGC Investment Management
Ontario, Canada
$1.63M
FTCM
9
First Trust Capital Management
Illinois
$1.51M
MF
10
Magnetar Financial
Illinois
$1.34M -$128K -12,700 -9%
SMA
11
Sage Mountain Advisors
Georgia
$1.11M -$93.3K -9,230 -8%
SIA
12
Schechter Investment Advisors
Michigan
$1.01M -$15.2K -1,500 -1%
CSS
13
Cubist Systematic Strategies
Connecticut
$615K -$39.5K -3,906 -6%
Walleye Capital
14
Walleye Capital
New York
$500K +$9.71K +960 +2%
SI
15
Stephens Inc
Arkansas
$484K
SSA
16
Schonfeld Strategic Advisors
New York
$405K -$301K -29,750 -43%
PCM
17
Prelude Capital Management
New York
$378K -$1.4M -138,899 -79%
RCM
18
Robinson Capital Management
Michigan
$146K
WAM
19
Wolverine Asset Management
Illinois
$112K +$92.2K +9,117 +434%
LCM
20
Landscape Capital Management
New Jersey
$110K +$110K +10,900 New
CCM
21
Condor Capital Management
New Jersey
$61K
UBS Group
22
UBS Group
Switzerland
$8K +$4.04K +400 +101%
LA
23
Linden Advisors
New York
-$10.2M -1,000,000 Closed
SCM
24
Shaolin Capital Management
Florida
-$9.2M -906,247 Closed
PC
25
Periscope Capital
Ontario, Canada
-$8.62M -849,600 Closed

BMAC.U Hedge Fund Activity: Q1 2022 in Review

24 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Black Mountain Acquisition Corp. Units, each consisting of one share of Class A common stock and three quarters of one warrant (BMAC.U) for Q1 2022, worth a combined $36.8M — down 58% from $88M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of BMAC.U and 2 opened new positions — a net loss of 7 holders — while 9 trimmed existing stakes and 4 added.

The largest buyer was Parallax Volatility Advisers, opening a new position worth an estimated $2.8M. The largest seller was Linden Advisors, exiting entirely with an estimated $10.2M sold.

  • 24 institutional investors held Black Mountain Acquisition Corp. Units, each consisting of one share of Class A common stock and three quarters of one warrant (BMAC.U) as of Q1 2022, down from 32 in Q4 2021.
  • Funds reported $36.8M of Black Mountain Acquisition Corp. Units, each consisting of one share of Class A common stock and three quarters of one warrant stock for Q1 2022, down 58% quarter-over-quarter.
  • 2 funds opened new Black Mountain Acquisition Corp. Units, each consisting of one share of Class A common stock and three quarters of one warrant positions in Q1 2022 and 9 closed out, a net change of -7 holders.
  • The largest Black Mountain Acquisition Corp. Units, each consisting of one share of Class A common stock and three quarters of one warrant buyer in Q1 2022 was Parallax Volatility Advisers, an estimated $2.8M added.
  • The largest Black Mountain Acquisition Corp. Units, each consisting of one share of Class A common stock and three quarters of one warrant seller in Q1 2022 was Linden Advisors, an estimated $10.2M sold.

Based on aggregated 13F filings for Q1 2022.