BETTER WORLD ACQUISITION CORP. Common Stock
BWAC
BWAC was delisted on the 10th of July, 2023.
16 hedge funds and large institutions have $21.7M invested in BETTER WORLD ACQUISITION CORP. Common Stock in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 5 closing their positions.
6% less funds holding
Funds holding: 17 → 16 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
23% less capital invested
Capital invested by funds: $28M → $21.7M (-$6.31M)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$1.13M |
| 2 |
CS
Clear Street
New York
|
+$580K |
| 3 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$505K |
| 4 |
FBCM
Fort Baker Capital Management
Larkspur,
California
|
+$403K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$105K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$4.55M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.3M |
| 3 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$1.45M |
| 4 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$884K |
| 5 |
HF
HRT Financial
New York
|
-$239K |
BWAC Hedge Fund Activity: Q1 2023 in Review
16 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in BETTER WORLD ACQUISITION CORP. Common Stock (BWAC) for Q1 2023, worth a combined $21.7M — down 23% from $28M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of BWAC and 4 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 2 added.
The largest buyer was Cubist Systematic Strategies, adding an estimated $1.13M. The largest seller was First Trust Capital Management, cutting an estimated $4.55M.
- 16 institutional investors held BETTER WORLD ACQUISITION CORP. Common Stock (BWAC) as of Q1 2023, down from 17 in Q4 2022.
- Funds reported $21.7M of BETTER WORLD ACQUISITION CORP. Common Stock stock for Q1 2023, down 23% quarter-over-quarter.
- 4 funds opened new BETTER WORLD ACQUISITION CORP. Common Stock positions in Q1 2023 and 5 closed out, a net change of -1 holder.
- The largest BETTER WORLD ACQUISITION CORP. Common Stock buyer in Q1 2023 was Cubist Systematic Strategies, an estimated $1.13M added.
- The largest BETTER WORLD ACQUISITION CORP. Common Stock seller in Q1 2023 was First Trust Capital Management, an estimated $4.55M sold.
Based on aggregated 13F filings for Q1 2023.