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.
16 hedge funds and large institutions have $16.9M 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 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, 2 reducing their positions, and 8 closing their positions.
18% less capital invested
Capital invested by funds: $20.7M → $16.9M (-$3.84M)
30% less funds holding
Funds holding: 23 → 16 (-7)
88% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 8
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$1.5M |
| 2 |
ACM
Atalaya Capital Management
New York
|
-$1.5M |
| 3 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
-$1.35M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$914K |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
-$110K |
BRD.U Hedge Fund Activity: Q3 2022 in Review
16 of the 5,805 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 Q3 2022, worth a combined $16.9M — down 18% from $20.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BRD.U and 1 opened new positions — a net loss of 7 holders — while 2 trimmed existing stakes and 0 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $1.5M. The largest seller was HGC Investment Management, cutting an estimated $1.5M.
- 16 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 Q3 2022, down from 23 in Q2 2022.
- Funds reported $16.9M 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 Q3 2022, down 18% quarter-over-quarter.
- 1 fund 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 Q3 2022 and 8 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 Q3 2022 was Rivernorth Capital Management, an estimated $1.5M 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 Q3 2022 was HGC Investment Management, an estimated $1.5M sold.
Based on aggregated 13F filings for Q3 2022.