Beard Energy Transition Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant
BRD.U
BRD.U was delisted on the 7th of December, 2023.
30 hedge funds and large institutions have $44.6M invested in Beard Energy Transition Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 49 closing their positions.
62% less funds holding
Funds holding: 78 → 30 (-48)
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
79% less capital invested
Capital invested by funds: $217M → $44.6M (-$172M)
96% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$442K |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$6.48K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$15.5M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$12.7M |
| 3 |
SC
Sculptor Capital
New York
|
-$9.14M |
| 4 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
-$7.62M |
| 5 |
KC
Kepos Capital
New York
|
-$6.86M |
BRD.U Hedge Fund Activity: Q1 2022 in Review
30 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Beard Energy Transition Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant (BRD.U) for Q1 2022, worth a combined $44.6M — down 79% from $217M a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of BRD.U and 2 opened new positions — a net loss of 47 holders — while 7 trimmed existing stakes and 2 added.
The largest buyer was Shaolin Capital Management, adding an estimated $442K. The largest seller was Saba Capital Management, exiting entirely with an estimated $15.5M sold.
- 30 institutional investors held Beard Energy Transition Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant (BRD.U) as of Q1 2022, down from 78 in Q4 2021.
- Funds reported $44.6M of Beard Energy Transition Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant stock for Q1 2022, down 79% quarter-over-quarter.
- 2 funds opened new Beard Energy Transition Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant positions in Q1 2022 and 49 closed out, a net change of -47 holders.
- The largest Beard Energy Transition Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant buyer in Q1 2022 was Shaolin Capital Management, an estimated $442K added.
- The largest Beard Energy Transition Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant seller in Q1 2022 was Saba Capital Management, an estimated $15.5M sold.
Based on aggregated 13F filings for Q1 2022.