Beard Energy Transition Acquisition Corp.
BRD
BRD was delisted on the 11th of December, 2023.
26 hedge funds and large institutions have $63.9M invested in Beard Energy Transition Acquisition Corp. in 2023 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 50 closing their positions.
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
63% less funds holding
Funds holding: 70 → 26 (-44)
73% less capital invested
Capital invested by funds: $237M → $63.9M (-$173M)
86% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$6.86M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
+$6.27M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$4.34M |
| 4 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$3.1M |
| 5 |
MSU
Mizuho Securities USA
New York
|
+$1.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$15M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$13M |
| 3 |
SC
Sculptor Capital
New York
|
-$11.1M |
| 4 |
CF
Cantor Fitzgerald
New York
|
-$10.8M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$9.85M |
BRD Hedge Fund Activity: Q2 2023 in Review
26 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Beard Energy Transition Acquisition Corp. (BRD) for Q2 2023, worth a combined $63.9M — down 73% from $237M a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of BRD and 7 opened new positions — a net loss of 43 holders — while 8 trimmed existing stakes and 4 added.
The largest buyer was Westchester Capital Management (New York), opening a new position worth an estimated $6.86M. The largest seller was Saba Capital Management, cutting an estimated $15M.
- 26 institutional investors held Beard Energy Transition Acquisition Corp. (BRD) as of Q2 2023, down from 70 in Q1 2023.
- Funds reported $63.9M of Beard Energy Transition Acquisition Corp. stock for Q2 2023, down 73% quarter-over-quarter.
- 7 funds opened new Beard Energy Transition Acquisition Corp. positions in Q2 2023 and 50 closed out, a net change of -43 holders.
- The largest Beard Energy Transition Acquisition Corp. buyer in Q2 2023 was Westchester Capital Management (New York), an estimated $6.86M added.
- The largest Beard Energy Transition Acquisition Corp. seller in Q2 2023 was Saba Capital Management, an estimated $15M sold.
Based on aggregated 13F filings for Q2 2023.