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.
23 hedge funds and large institutions have $24.2M 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 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 10 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
23% less funds holding
Funds holding: 30 → 23 (-7)
46% less capital invested
Capital invested by funds: $44.6M → $24.2M (-$20.4M)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Trading
Chicago,
Illinois
|
+$110K |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$51.1K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$32.1K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$5.02K |
| 5 |
CS
Clear Street
New York
|
+$3.79K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$5.44M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$4.04M |
| 3 |
Millennium Management
New York
|
-$3.94M |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
-$2.44M |
| 5 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$1.52M |
BRD.U Hedge Fund Activity: Q2 2022 in Review
23 of the 5,959 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 Q2 2022, worth a combined $24.2M — down 46% from $44.6M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of BRD.U and 3 opened new positions — a net loss of 7 holders — while 3 trimmed existing stakes and 3 added.
The largest buyer was Wolverine Trading, opening a new position worth an estimated $110K. The largest seller was Shaolin Capital Management, exiting entirely with an estimated $5.44M sold.
- 23 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 Q2 2022, down from 30 in Q1 2022.
- Funds reported $24.2M 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 Q2 2022, down 46% quarter-over-quarter.
- 3 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 Q2 2022 and 10 closed out, a net change of -7 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 Q2 2022 was Wolverine Trading, an estimated $110K 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 Q2 2022 was Shaolin Capital Management, an estimated $5.44M sold.
Based on aggregated 13F filings for Q2 2022.