Banner Acquisition Corp. Class A Common Stock
BNNR
BNNR was delisted on the 12th of May, 2023.
55 hedge funds and large institutions have $154M invested in Banner Acquisition Corp. Class A Common Stock in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 6 reducing their positions, and 5 closing their positions.
80% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 5
10% more capital invested
Capital invested by funds: $141M → $154M (+$13.8M)
8% more funds holding
Funds holding: 51 → 55 (+4)
0% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$5.09M |
| 2 |
QL
Quarry LP
New York
|
+$3.5M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
+$3.19M |
| 4 |
RL
RPO LLC
Stamford,
Connecticut
|
+$2.58M |
| 5 |
CAC
Cowen and Company
New York
|
+$1.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$4.95M |
| 2 |
TCA
Taconic Capital Advisors
New York
|
-$3.31M |
| 3 |
Millennium Management
New York
|
-$968K |
| 4 |
CM
Crestline Management
Fort Worth,
Texas
|
-$301K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$208K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
51
PenderFund Capital Management
Vancouver,
British Columbia, Canada
| $181K | +$133K | +13,102 | New |
|
|
FTUS
52
Flow Traders U.S.
New York
| $125K | – | – | – |
|
|
CCA
53
Castle Creek Arbitrage
Avon,
Colorado
| $114K | – | – | – |
|
|
TRCT
54
Tower Research Capital (TRC)
New York
| $2K | – | – | – |
|
|
CS
55
Clear Street
New York
| $1.64K | -$6K | -589 | -79% |
|
|
SC
56
Sculptor Capital
New York
| – | -$4.95M | -491,084 | Closed |
|
|
CM
57
Crestline Management
Fort Worth,
Texas
| – | -$301K | -29,893 | Closed |
|
|
58
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$208K | -20,666 | Closed |
|
59
UBS Group
Zurich,
Switzerland
| – | -$13.6K | -1,348 | Closed |
|
|
AA
60
Ancora Advisors
Cleveland,
Ohio
| – | -$2K | -200 | Closed |
|
BNNR Hedge Fund Activity: Q1 2023 in Review
55 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Banner Acquisition Corp. Class A Common Stock (BNNR) for Q1 2023, worth a combined $154M — up 9.8% from $141M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BNNR positions and 5 closed out — a net gain of 4 holders — while 6 added to existing stakes and 6 trimmed.
The largest buyer was Westchester Capital Management (New York), opening a new position worth an estimated $5.09M. The largest seller was Sculptor Capital, exiting entirely with an estimated $4.95M sold.
- 55 institutional investors held Banner Acquisition Corp. Class A Common Stock (BNNR) as of Q1 2023, up from 51 in Q4 2022.
- Funds reported $154M of Banner Acquisition Corp. Class A Common Stock stock for Q1 2023, up 9.8% quarter-over-quarter.
- 9 funds opened new Banner Acquisition Corp. Class A Common Stock positions in Q1 2023 and 5 closed out, a net change of +4 holders.
- The largest Banner Acquisition Corp. Class A Common Stock buyer in Q1 2023 was Westchester Capital Management (New York), an estimated $5.09M added.
- The largest Banner Acquisition Corp. Class A Common Stock seller in Q1 2023 was Sculptor Capital, an estimated $4.95M sold.
Based on aggregated 13F filings for Q1 2023.