Borealis Foods
BRLS
15 hedge funds and large institutions have $21.8M invested in Borealis Foods in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 34 closing their positions.
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
67% less funds holding
Funds holding: 45 → 15 (-30)
74.92% less ownership
Funds ownership: 86.82% → 11.9% (-75%)
86% less capital invested
Capital invested by funds: $157M → $21.8M (-$135M)
88% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 34
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$4.18M |
| 2 |
BFM
Boothbay Fund Management
New York
|
+$2.44M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.34M |
| 4 |
DWM
Dakota Wealth Management
Palm Beach Gardens,
Florida
|
+$156K |
| 5 |
Walleye Capital
New York
|
+$144K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$17.6M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$13.4M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$12.7M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$10.8M |
| 5 |
SCM
Saba Capital Management
New York
|
-$9M |
BRLS Hedge Fund Activity: Q1 2023 in Review
15 of the 6,277 institutional investors tracked by Wall St. Rank reported a position in Borealis Foods (BRLS) for Q1 2023, worth a combined $21.8M — down 86% from $157M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of BRLS and 4 opened new positions — a net loss of 30 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was Meteora Capital, opening a new position worth an estimated $4.18M. The largest seller was D.E. Shaw & Co, exiting entirely with an estimated $17.6M sold.
- 15 institutional investors held Borealis Foods (BRLS) as of Q1 2023, down from 45 in Q4 2022.
- Funds reported $21.8M of Borealis Foods stock for Q1 2023, down 86% quarter-over-quarter.
- 4 funds opened new Borealis Foods positions in Q1 2023 and 34 closed out, a net change of -30 holders.
- The largest Borealis Foods buyer in Q1 2023 was Meteora Capital, an estimated $4.18M added.
- The largest Borealis Foods seller in Q1 2023 was D.E. Shaw & Co, an estimated $17.6M sold.
Based on aggregated 13F filings for Q1 2023.