Twelve Seas Investment Company Units
BROGU
BROGU was delisted on the 17th of December, 2019.
21 hedge funds and large institutions have $60M invested in Twelve Seas Investment Company Units in 2018 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 13 reducing their positions, and 14 closing their positions.
34% less funds holding
Funds holding: 32 → 21 (-11)
64% less capital invested
Capital invested by funds: $167M → $60M (-$107M)
79% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 14
92% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Context Capital Management
Lajolla,
California
|
+$2.14M |
| 2 |
Walleye Trading
New York
|
+$297 |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$72 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$12.4M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$12.1M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$11.7M |
| 4 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$10.5M |
| 5 |
GCL
Glazer Capital LLC
New York
|
-$8.46M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WCMNY
26
Westchester Capital Management (New York)
Valhalla,
New York
| – | -$4.78M | -475,000 | Closed |
|
|
BCM
27
BlueCrest Capital Management
St Helier,
Jersey
| – | -$3.42M | -340,420 | Closed |
|
28
D.E. Shaw & Co
New York
| – | -$3.27M | -325,000 | Closed |
|
|
MP
29
Mangrove Partners
Greenwich,
Connecticut
| – | -$3.02M | -300,000 | Closed |
|
|
PGC
30
Pacific Grove Capital
San Francisco,
California
| – | -$3.02M | -300,000 | Closed |
|
|
RCM
31
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$2.26M | -225,000 | Closed |
|
|
6CM
32
683 Capital Management
New York
| – | -$1.76M | -175,000 | Closed |
|
33
Citadel Advisors
Miami,
Florida
| – | -$702K | -69,762 | Closed |
|
|
SCA
34
Spearhead Capital Advisors
Wellington,
Florida
| – | -$211K | -21,000 | Closed |
|
|
TRCT
35
Tower Research Capital (TRC)
New York
| – | +$72 | +7 | New |
|
BROGU Hedge Fund Activity: Q3 2018 in Review
21 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Twelve Seas Investment Company Units (BROGU) for Q3 2018, worth a combined $60M — down 64% from $167M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of BROGU and 3 opened new positions — a net loss of 11 holders — while 13 trimmed existing stakes and 1 added.
The largest buyer was Context Capital Management, opening a new position worth an estimated $2.14M. The largest seller was Weiss Asset Management, exiting entirely with an estimated $12.4M sold.
- 21 institutional investors held Twelve Seas Investment Company Units (BROGU) as of Q3 2018, down from 32 in Q2 2018.
- Funds reported $60M of Twelve Seas Investment Company Units stock for Q3 2018, down 64% quarter-over-quarter.
- 3 funds opened new Twelve Seas Investment Company Units positions in Q3 2018 and 14 closed out, a net change of -11 holders.
- The largest Twelve Seas Investment Company Units buyer in Q3 2018 was Context Capital Management, an estimated $2.14M added.
- The largest Twelve Seas Investment Company Units seller in Q3 2018 was Weiss Asset Management, an estimated $12.4M sold.
Based on aggregated 13F filings for Q3 2018.