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BRD.U

Beard Energy Transition Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant
BRD.U

Delisted

BRD.U was delisted on the 7th of December, 2023.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
30
Holders Change
-48
Holders Change %
-61.54%
% of All Funds
0.47%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
2
Reduced
7
Closed
49
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SCM
Shaolin Capital Management
Florida
+$442K
2
CSS
Cubist Systematic Strategies
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
Adage Capital Partners
Massachusetts
-$12.7M
3
SC
Sculptor Capital
New York
-$9.14M
4
BCM
Beryl Capital Management
California
-$7.62M
5
KC
Kepos Capital
New York
-$6.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
FTCM
51
Fir Tree Capital Management
New York
– -$3.05M -300,000 Closed
LA
52
Linden Advisors
New York
– -$3.05M -300,000 Closed
OCM
53
Oaktree Capital Management
California
– -$3.05M -300,000 Closed
PAMP
54
Polar Asset Management Partners
Ontario, Canada
– -$3.05M -300,000 Closed
CC
55
Centiva Capital
New York
– -$2.31M -227,000 Closed
Hudson Bay Capital Management
56
Hudson Bay Capital Management
Connecticut
– -$2.29M -225,000 Closed
Squarepoint
57
Squarepoint
New York
– -$2.29M -225,000 Closed
WAM
58
Weiss Asset Management
Massachusetts
– -$2.29M -225,000 Closed
PC
59
Periscope Capital
Ontario, Canada
– -$2.05M -201,600 Closed
FIG
60
Fortress Investment Group
New York
– -$2.03M -200,000 Closed
PMAM
61
Picton Mahoney Asset Management
Ontario, Canada
– -$2.03M -200,000 Closed
RCM
62
Radcliffe Capital Management
Pennsylvania
– -$2.03M -200,000 Closed
TCM
63
Tenor Capital Management
New York
– -$2.03M -200,000 Closed
DCM
64
Dupont Capital Management
Delaware
– -$1.52M -150,000 Closed
AFM
65
Anson Funds Management
Texas
– -$1.27M -125,000 Closed
WP
66
Woodline Partners
California
– -$1.27M -125,000 Closed
AR
67
Advisory Research
Illinois
– -$1.25M -123,250 Closed
Goldman Sachs
68
Goldman Sachs
New York
– -$1.23M -121,486 Closed
SV
69
Starboard Value
New York
– -$1.22M -120,250 Closed
Bank of America
70
Bank of America
North Carolina
– -$1.02M -100,000 Closed
ECU
71
Eisler Capital (UK)
United Kingdom
– -$911K -90,060 Closed
GCL
72
Glazer Capital LLC
New York
– -$715K -70,386 Closed
AGC
73
Angelo Gordon & Co
New York
– -$711K -70,000 Closed
PI
74
PEAK6 Investments
Illinois
– -$356K -35,000 Closed
WRBC
75
W.R. Berkley Corp
Connecticut
– -$352K -34,618 Closed
1 2
3
4

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.