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BYN.U

Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant
BYN.U

Delisted

BYN.U was delisted on the 29th of December, 2023.

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29 hedge funds and large institutions have $49.1M 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.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

41% less funds holding

Funds holding: 49 → 29 (-20)

56% less capital invested

Capital invested by funds: $112M → $49.1M (-$62.6M)

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

Holders
29
Holders Change
-20
Holders Change %
-40.82%
% of All Funds
0.49%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
–
Increased
2
Reduced
7
Closed
20
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
CSS
Cubist Systematic Strategies
Connecticut
+$109K
2
UBS Group
UBS Group
Switzerland
+$4.06K

Top Sellers

1
KC
Kryger Capital
United Kingdom
-$9.55M
2
AA
AQR Arbitrage
Connecticut
-$9.27M
3
WAM
Wolverine Asset Management
Illinois
-$5.63M
4
PC
Periscope Capital
Ontario, Canada
-$3.5M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$3.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
Calamos Advisors
1
Calamos Advisors
Illinois
$10M – – –
SIM
2
Sandia Investment Management
Massachusetts
$6.04M – – –
LP
3
LMR Partners
United Kingdom
$5.03M – – –
CCA
4
Castle Creek Arbitrage
Colorado
$4M – – –
AMH
5
Apollo Management Holdings
New York
$3.82M – – –
DCM
6
Difesa Capital Management
New York
$3.2M – – –
AC
7
Antara Capital
New York
$2.52M – – –
RCM
8
Rivernorth Capital Management
Florida
$2.52M – – –
Walleye Capital
9
Walleye Capital
New York
$2.06M – – –
BCM
10
Basso Capital Management
Connecticut
$1.51M – – –
Walleye Trading
11
Walleye Trading
New York
$1.16M – – –
FTCM
12
First Trust Capital Management
Illinois
$1.01M – – –
ACM
13
Atalaya Capital Management
New York
$1M – – –
WC
14
Wealthspring Capital
New York
$804K -$110K -11,000 -12%
AA
15
AQR Arbitrage
Connecticut
$749K -$9.27M -924,993 -92%
SIA
16
Schechter Investment Advisors
Michigan
$741K -$110K -11,000 -13%
BCL
17
Bracebridge Capital LLC
Massachusetts
$453K – – –
ICM
18
III Capital Management
Florida
$452K – – –
BFM
19
Boothbay Fund Management
New York
$450K -$594K -59,228 -57%
OAC
20
OMERS Administration Corp
Ontario, Canada
$400K – – –
SMA
21
Sage Mountain Advisors
Georgia
$351K – – –
CSS
22
Cubist Systematic Strategies
Connecticut
$301K +$109K +10,900 +57%
SCA
23
Salient Capital Advisors
Texas
$248K – – –
E
24
Ergoteles
New York
$186K – – –
CCM
25
Condor Capital Management
New Jersey
$77K – – –
1
2

BYN.U Hedge Fund Activity: Q2 2022 in Review

29 of the 5,936 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 $49.1M — down 56% 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 $49.1M 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 56% 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.