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BRACR

Broad Capital Acquisition Corp Rights
BRACR

Delisted

BRACR was delisted on the 22nd of January, 2025.

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22 hedge funds and large institutions have $1.39M invested in Broad Capital Acquisition Corp Rights in 2023 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more capital invested

Capital invested by funds: $1.04M → $1.39M (+$351K)

4% less funds holding

Funds holding: 23 → 22 (-1)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

50% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 4

Holders
22
Holders Change
-1
Holders Change %
-4.35%
% of All Funds
0.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
2
Reduced
4
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CAC
Cowen and Company
New York
+$133K
2
Citadel Advisors
Citadel Advisors
Florida
+$2.11K
3
UBS Group
UBS Group
Switzerland
+$1.14K
4
SSA
Schonfeld Strategic Advisors
New York
+$18

Top Sellers

Rank Fund Capital Flow
1
MP
Mangrove Partners
Connecticut
-$189K
2
SFM
Spartan Fund Management
Canada
-$26.9K
3
RA
RiverPark Advisors
New York
-$13.1K
4
CM
Cohanzick Management
New York
-$12K
5
YCM
Yakira Capital Management
Connecticut
-$9.02K
Name Holding Trade Value Shares
Change 		Change in
Stake
CAC
1
Cowen and Company
New York
$202K +$133K +739,531 +301%
MI
2
MMCAP International
Cayman Islands
$154K – – –
SCM
3
Saba Capital Management
New York
$144K – – –
ASM
4
ATW SPAC Management
New York
$117K – – –
BFM
5
Boothbay Fund Management
New York
$117K – – –
SCM
6
Shaolin Capital Management
Florida
$103K – – –
PAMP
7
Polar Asset Management Partners
Ontario, Canada
$89.9K – – –
YCM
8
Yakira Capital Management
Connecticut
$80.9K -$9.02K -50,000 -10%
D.E. Shaw & Co
9
D.E. Shaw & Co
New York
$71.8K – – –
RCM
10
Rivernorth Capital Management
Florida
$71.8K – – –
HIM
11
HGC Investment Management
Ontario, Canada
$65K – – –
FLC
12
Fifth Lane Capital
Texas
$55.7K – – –
AA
13
AQR Arbitrage
Connecticut
$46.7K – – –
CH
14
CVI Holdings
Delaware
$20.5K – – –
RCM
15
Radcliffe Capital Management
Pennsylvania
$18K – – –
CS
16
Clear Street
New York
$10.1K -$90 -500 -1%
SFM
17
Spartan Fund Management
Canada
$8.24K -$26.9K -149,069 -76%
Millennium Management
18
Millennium Management
New York
$6.15K – – –
SSA
19
Schonfeld Strategic Advisors
New York
$3.46K +$18 +99 +0.5%
Citadel Advisors
20
Citadel Advisors
Florida
$2.4K +$2.11K +11,692 New
FTUS
21
Flow Traders U.S.
New York
$2K -$1.93K -10,668 -44%
UBS Group
22
UBS Group
Switzerland
$1.01K +$1.14K +6,321 New
MP
23
Mangrove Partners
Connecticut
– -$189K -1,498,866 Closed
CM
24
Cohanzick Management
New York
– -$12K -100,300 Closed
RA
25
RiverPark Advisors
New York
– -$13.1K -100,300 Closed

BRACR Hedge Fund Activity: Q3 2023 in Review

22 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Broad Capital Acquisition Corp Rights (BRACR) for Q3 2023, worth a combined $1.39M — up 34% from $1.04M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of BRACR and 2 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 2 added.

The largest buyer was Cowen and Company, adding an estimated $133K. The largest seller was Mangrove Partners, exiting entirely with an estimated $189K sold.

  • 22 institutional investors held Broad Capital Acquisition Corp Rights (BRACR) as of Q3 2023, down from 23 in Q2 2023.
  • Funds reported $1.39M of Broad Capital Acquisition Corp Rights stock for Q3 2023, up 34% quarter-over-quarter.
  • 2 funds opened new Broad Capital Acquisition Corp Rights positions in Q3 2023 and 3 closed out, a net change of -1 holder.
  • The largest Broad Capital Acquisition Corp Rights buyer in Q3 2023 was Cowen and Company, an estimated $133K added.
  • The largest Broad Capital Acquisition Corp Rights seller in Q3 2023 was Mangrove Partners, an estimated $189K sold.

Based on aggregated 13F filings for Q3 2023.