BETTER WORLD ACQUISITION CORP. Common Stock
BWAC
BWAC was delisted on the 10th of July, 2023.
25 hedge funds and large institutions have $51.6M invested in BETTER WORLD ACQUISITION CORP. Common Stock in 2022 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 23 closing their positions.
834% more call options, than puts
Call options by funds: $3.28M | Put options by funds: $351K
42% less funds holding
Funds holding: 43 → 25 (-18)
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
53% less capital invested
Capital invested by funds: $111M → $51.6M (-$59.2M)
78% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$10.6M |
| 2 |
CAC
Cowen and Company
New York
|
+$5.66M |
| 3 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$4.6M |
| 4 |
SIA
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
+$1.03M |
| 5 |
SC
Sculptor Capital
New York
|
+$392K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$10.1M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$7.88M |
| 3 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$6.29M |
| 4 |
MSU
Mizuho Securities USA
New York
|
-$5.36M |
| 5 |
ASM
ATW SPAC Management
New York
|
-$4.39M |
BWAC Hedge Fund Activity: Q2 2022 in Review
25 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in BETTER WORLD ACQUISITION CORP. Common Stock (BWAC) for Q2 2022, worth a combined $51.6M — down 53% from $111M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of BWAC and 5 opened new positions — a net loss of 18 holders — while 11 trimmed existing stakes and 6 added.
The largest buyer was First Trust Capital Management, adding an estimated $10.6M. The largest seller was Karpus Investment Management, cutting an estimated $10.1M.
- 25 institutional investors held BETTER WORLD ACQUISITION CORP. Common Stock (BWAC) as of Q2 2022, down from 43 in Q1 2022.
- Funds reported $51.6M of BETTER WORLD ACQUISITION CORP. Common Stock stock for Q2 2022, down 53% quarter-over-quarter.
- 5 funds opened new BETTER WORLD ACQUISITION CORP. Common Stock positions in Q2 2022 and 23 closed out, a net change of -18 holders.
- The largest BETTER WORLD ACQUISITION CORP. Common Stock buyer in Q2 2022 was First Trust Capital Management, an estimated $10.6M added.
- The largest BETTER WORLD ACQUISITION CORP. Common Stock seller in Q2 2022 was Karpus Investment Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q2 2022.