Black Ridge Acquisition Corp. Unit
BRACU
BRACU was delisted on the 9th of August, 2019.
8 hedge funds and large institutions have $10.5M invested in Black Ridge Acquisition Corp. Unit in 2018 Q1 according to their latest regulatory filings, with 1 funds opening new positions, increasing their positions, reducing their positions, and 3 closing their positions.
20% less funds holding
Funds holding: 10 → 8 (-2)
25% less capital invested
Capital invested by funds: $14M → $10.5M (-$3.48M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KC
Kepos Capital
New York
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$3.54M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$304K |
| 3 |
GCL
Glazer Capital LLC
New York
|
-$2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Hudson Bay Capital Management
Stamford,
Connecticut
| $4.43M | – | – | – |
|
|
PC
2
Periscope Capital
Toronto,
Ontario, Canada
| $3.02M | – | – | – |
|
|
CCM
3
Context Capital Management
Lajolla,
California
| $1.46M | – | – | – |
|
|
BCM
4
Basso Capital Management
Stamford,
Connecticut
| $885K | – | – | – |
|
|
HIM
5
HGC Investment Management
Toronto,
Ontario, Canada
| $313K | – | – | – |
|
|
PAMP
6
Polar Asset Management Partners
Toronto,
Ontario, Canada
| $155K | – | – | – |
|
7
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| $147K | – | – | – |
|
|
KC
8
Kepos Capital
New York
| $108K | +$106K | +10,321 | New |
|
|
BI
9
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$3.54M | -349,000 | Closed |
|
|
WAM
10
Wolverine Asset Management
Chicago,
Illinois
| – | -$304K | -30,000 | Closed |
|
|
GCL
11
Glazer Capital LLC
New York
| – | -$2K | -159 | Closed |
|
BRACU Hedge Fund Activity: Q1 2018 in Review
8 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Black Ridge Acquisition Corp. Unit (BRACU) for Q1 2018, worth a combined $10.5M — down 25% from $14M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BRACU and 1 opened new positions — a net loss of 2 holders — while 0 trimmed existing stakes and 0 added.
The largest buyer was Kepos Capital, opening a new position worth an estimated $106K. The largest seller was Bulldog Investors, exiting entirely with an estimated $3.54M sold.
- 8 institutional investors held Black Ridge Acquisition Corp. Unit (BRACU) as of Q1 2018, down from 10 in Q4 2017.
- Funds reported $10.5M of Black Ridge Acquisition Corp. Unit stock for Q1 2018, down 25% quarter-over-quarter.
- 1 fund opened new Black Ridge Acquisition Corp. Unit positions in Q1 2018 and 3 closed out, a net change of -2 holders.
- The largest Black Ridge Acquisition Corp. Unit buyer in Q1 2018 was Kepos Capital, an estimated $106K added.
- The largest Black Ridge Acquisition Corp. Unit seller in Q1 2018 was Bulldog Investors, an estimated $3.54M sold.
Based on aggregated 13F filings for Q1 2018.