Broadstone Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of on
BSN.U
BSN.U was delisted on the 15th of December, 2021.
32 hedge funds and large institutions have $148M invested in Broadstone Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of on in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 2 increasing their positions, 14 reducing their positions, and 29 closing their positions.
38% less funds holding
Funds holding: 52 → 32 (-20)
46% less capital invested
Capital invested by funds: $275M → $148M (-$127M)
69% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 29
86% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 14
100% less funds holding in top 10
Funds holding in top 10: 5 → 0 (-5)
Top Buyers
| 1 |
HSBC Holdings
London,
United Kingdom
|
+$10.1M |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$2.26M |
| 3 |
AFM
Anson Funds Management
Dallas,
Texas
|
+$2.18M |
| 4 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
+$859K |
| 5 |
JP Morgan Chase
New York
|
+$679K |
Top Sellers
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$15.7M |
| 2 |
SC
Sculptor Capital
New York
|
-$14.5M |
| 3 |
AGC
Angelo Gordon & Co
New York
|
-$9.97M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$9.97M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$9.52M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$1.99M | -200,000 | Closed |
|
|
MIM
52
Monashee Investment Management
Boston,
Massachusetts
| – | -$1.99M | -200,000 | Closed |
|
|
TCM
53
Tenor Capital Management
New York
| – | -$1.99M | -200,000 | Closed |
|
54
HighTower Advisors
Chicago,
Illinois
| – | -$1.5M | -150,000 | Closed |
|
|
KIM
55
Karpus Investment Management
Pittsford,
New York
| – | -$1.5M | -150,000 | Closed |
|
|
BCM
56
Basso Capital Management
Stamford,
Connecticut
| – | -$95K | -95,450 | Closed |
|
|
WRBC
57
W.R. Berkley Corp
Greenwich,
Connecticut
| – | -$495K | -49,696 | Closed |
|
58
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$454K | -45,500 | Closed |
|
59
Parallax Volatility Advisers
San Francisco,
California
| – | -$299K | -30,000 | Closed |
|
|
PAM
60
Panagora Asset Management
Boston,
Massachusetts
| – | -$79K | -7,939 | Closed |
|
61
UBS Group
Zurich,
Switzerland
| – | -$3K | -300 | Closed |
|
BSN.U Hedge Fund Activity: Q4 2020 in Review
32 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Broadstone Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of on (BSN.U) for Q4 2020, worth a combined $148M — down 46% from $275M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BSN.U and 9 opened new positions — a net loss of 20 holders — while 14 trimmed existing stakes and 2 added.
The largest buyer was HSBC Holdings, opening a new position worth an estimated $10.1M. The largest seller was Weiss Asset Management, cutting an estimated $15.7M.
- 32 institutional investors held Broadstone Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of on (BSN.U) as of Q4 2020, down from 52 in Q3 2020.
- Funds reported $148M of Broadstone Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of on stock for Q4 2020, down 46% quarter-over-quarter.
- 9 funds opened new Broadstone Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of on positions in Q4 2020 and 29 closed out, a net change of -20 holders.
- The largest Broadstone Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of on buyer in Q4 2020 was HSBC Holdings, an estimated $10.1M added.
- The largest Broadstone Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of on seller in Q4 2020 was Weiss Asset Management, an estimated $15.7M sold.
Based on aggregated 13F filings for Q4 2020.