Bannix Acquisition Corp. Common Stock
BNIX
BNIX was delisted on the 14th of March, 2025.
25 hedge funds and large institutions have $35.9M invested in Bannix Acquisition Corp. Common Stock in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 9 reducing their positions, and 20 closing their positions.
38% less funds holding
Funds holding: 40 → 25 (-15)
45% less capital invested
Capital invested by funds: $65.5M → $35.9M (-$29.6M)
67% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 9
75% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$2.66M |
| 2 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$2.33M |
| 3 |
CS
Clear Street
New York
|
+$973K |
| 4 |
GCWM
Graham Capital Wealth Management
Washington D.c.,
District of Columbia
|
+$813K |
| 5 |
CM
Crystalline Management
Montreal, Quebec,
Canada
|
+$189K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$5.86M |
| 2 |
CCM
Context Capital Management
Lajolla,
California
|
-$3.73M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$3.47M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$3.45M |
| 5 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$3.28M |
BNIX Hedge Fund Activity: Q1 2023 in Review
25 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Bannix Acquisition Corp. Common Stock (BNIX) for Q1 2023, worth a combined $35.9M — down 45% from $65.5M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BNIX and 5 opened new positions — a net loss of 15 holders — while 9 trimmed existing stakes and 3 added.
The largest buyer was Fir Tree Capital Management, opening a new position worth an estimated $2.66M. The largest seller was Saba Capital Management, exiting entirely with an estimated $5.86M sold.
- 25 institutional investors held Bannix Acquisition Corp. Common Stock (BNIX) as of Q1 2023, down from 40 in Q4 2022.
- Funds reported $35.9M of Bannix Acquisition Corp. Common Stock stock for Q1 2023, down 45% quarter-over-quarter.
- 5 funds opened new Bannix Acquisition Corp. Common Stock positions in Q1 2023 and 20 closed out, a net change of -15 holders.
- The largest Bannix Acquisition Corp. Common Stock buyer in Q1 2023 was Fir Tree Capital Management, an estimated $2.66M added.
- The largest Bannix Acquisition Corp. Common Stock seller in Q1 2023 was Saba Capital Management, an estimated $5.86M sold.
Based on aggregated 13F filings for Q1 2023.