Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant
BYN.U
BYN.U was delisted on the 29th of December, 2023.
29 hedge funds and large institutions have $53.2M invested in Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant in 2022 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 20 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
41% less funds holding
Funds holding: 49 → 29 (-20)
52% less capital invested
Capital invested by funds: $112M → $53.2M (-$58.5M)
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$109K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$4.06K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KC
Kryger Capital
London,
United Kingdom
|
-$9.55M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$9.27M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$5.63M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$3.5M |
| 5 |
D.E. Shaw & Co
New York
|
-$3.17M |
BYN.U Hedge Fund Activity: Q2 2022 in Review
29 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant (BYN.U) for Q2 2022, worth a combined $53.2M — down 52% from $112M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of BYN.U and 0 opened new positions — a net loss of 20 holders — while 7 trimmed existing stakes and 2 added.
The largest buyer was Cubist Systematic Strategies, adding an estimated $109K. The largest seller was Kryger Capital, exiting entirely with an estimated $9.55M sold.
- 29 institutional investors held Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant (BYN.U) as of Q2 2022, down from 49 in Q1 2022.
- Funds reported $53.2M of Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant stock for Q2 2022, down 52% quarter-over-quarter.
- 0 funds opened new Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant positions in Q2 2022 and 20 closed out, a net change of -20 holders.
- The largest Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant buyer in Q2 2022 was Cubist Systematic Strategies, an estimated $109K added.
- The largest Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant seller in Q2 2022 was Kryger Capital, an estimated $9.55M sold.
Based on aggregated 13F filings for Q2 2022.