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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
MF
1
Magnetar Financial
Illinois
$5.95M -$120K -11,900 -2%
Calamos Advisors
2
Calamos Advisors
Illinois
$5.49M – – –
SCM
3
Shaolin Capital Management
Florida
$5.44M +$442K +44,015 +9%
MP
4
Mangrove Partners
Connecticut
$4.04M – – –
Millennium Management
5
Millennium Management
New York
$3.94M -$502K -50,000 -11%
Verition Fund Management
6
Verition Fund Management
Connecticut
$2.44M -$6.01M -597,900 -71%
LP
7
LMR Partners
United Kingdom
$2.02M – – –
SFM
8
Spartan Fund Management
Canada
$1.71M +$1.36M +135,000 New
GCM
9
Ghisallo Capital Management
Massachusetts
$1.52M – – –
ACM
10
Atalaya Capital Management
New York
$1.51M – – –
HIM
11
HGC Investment Management
Ontario, Canada
$1.51M – – –
SSA
12
Schonfeld Strategic Advisors
New York
$1.33M -$434K -43,221 -25%
BCL
13
Bracebridge Capital LLC
Massachusetts
$1.26M – – –
T. Rowe Price Associates
14
T. Rowe Price Associates
Maryland
$1.14M – – –
SRF
15
Silver Rock Financial
California
$1.01M – – –
CSS
16
Cubist Systematic Strategies
Connecticut
$872K +$6.48K +645 +0.8%
BCM
17
Basso Capital Management
Connecticut
$706K – – –
Walleye Capital
18
Walleye Capital
New York
$644K -$2.02K -201 -0.3%
WMSA
19
Weiss Multi-Strategy Advisers
New York
$404K – – –
Walleye Trading
20
Walleye Trading
New York
$363K – – –
CCA
21
Castle Creek Arbitrage
Colorado
$353K – – –
PCM
22
Prelude Capital Management
New York
$335K – – –
WC
23
Wealthspring Capital
New York
$129K – – –
CM
24
Cohanzick Management
New York
$127K -$126K -12,500 -50%
COPPSERS
25
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$125K – – –
1
2 3 4

BRD.U Hedge Fund Activity: Q1 2022 in Review

30 of the 6,340 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.