Broad Capital Acquisition Corp Common Stock
BRAC
BRAC was delisted on the 22nd of January, 2025.
21 hedge funds and large institutions have $58M invested in Broad Capital Acquisition Corp Common Stock in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 18 closing their positions.
34% less capital invested
Capital invested by funds: $88.4M → $58M (-$30.4M)
38% less funds holding
Funds holding: 34 → 21 (-13)
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
72% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$6.04M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$3.64M |
| 3 |
MSU
Mizuho Securities USA
New York
|
+$2.86M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$376K |
| 5 |
GCWM
Graham Capital Wealth Management
Washington D.c.,
District of Columbia
|
+$299K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$9.59M |
| 2 |
ASM
ATW SPAC Management
New York
|
-$6.64M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$6.64M |
| 4 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$5.11M |
| 5 |
D.E. Shaw & Co
New York
|
-$5.06M |
BRAC Hedge Fund Activity: Q1 2023 in Review
21 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Broad Capital Acquisition Corp Common Stock (BRAC) for Q1 2023, worth a combined $58M — down 34% from $88.4M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of BRAC and 5 opened new positions — a net loss of 13 holders — while 5 trimmed existing stakes and 3 added.
The largest buyer was Yakira Capital Management, opening a new position worth an estimated $6.04M. The largest seller was Saba Capital Management, exiting entirely with an estimated $9.59M sold.
- 21 institutional investors held Broad Capital Acquisition Corp Common Stock (BRAC) as of Q1 2023, down from 34 in Q4 2022.
- Funds reported $58M of Broad Capital Acquisition Corp Common Stock stock for Q1 2023, down 34% quarter-over-quarter.
- 5 funds opened new Broad Capital Acquisition Corp Common Stock positions in Q1 2023 and 18 closed out, a net change of -13 holders.
- The largest Broad Capital Acquisition Corp Common Stock buyer in Q1 2023 was Yakira Capital Management, an estimated $6.04M added.
- The largest Broad Capital Acquisition Corp Common Stock seller in Q1 2023 was Saba Capital Management, an estimated $9.59M sold.
Based on aggregated 13F filings for Q1 2023.