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.
9 hedge funds and large institutions have $17.3M invested in Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 3 reducing their positions, and 3 closing their positions.
7% less capital invested
Capital invested by funds: $18.6M → $17.3M (-$1.35M)
10% less funds holding
Funds holding: 10 → 9 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 3
Top Buyers
| 1 |
GCL
Glazer Capital LLC
New York
|
+$5.44K |
| 2 |
CS
Clear Street
New York
|
+$3.42K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SIM
1
Sandia Investment Management
Boston,
Massachusetts
| $6.24M | – | – | – |
|
|
AMH
2
Apollo Management Holdings
New York
| $3.95M | – | – | – |
|
|
RCM
3
Rivernorth Capital Management
West Palm Beach,
Florida
| $2.6M | – | – | – |
|
4
Walleye Capital
New York
| $2.13M | -$660 | -64 | -0% |
|
5
Walleye Trading
New York
| $1.2M | -$371 | -36 | -0% |
|
|
SIA
6
Schechter Investment Advisors
Birmingham,
Michigan
| $689K | -$62.9K | -6,100 | -8% |
|
|
BFM
7
Boothbay Fund Management
New York
| $490K | – | – | – |
|
|
GCL
8
Glazer Capital LLC
New York
| $5K | +$5.44K | +528 | New |
|
|
CS
9
Clear Street
New York
| $3.45K | +$3.42K | +332 | New |
|
|
BCL
10
Bracebridge Capital LLC
Boston,
Massachusetts
| – | -$499K | -45,000 | Closed |
|
|
ICM
11
III Capital Management
Boca Raton,
Florida
| – | -$499K | -45,000 | Closed |
|
12
UBS Group
Zurich,
Switzerland
| – | -$56.3K | -5,528 | Closed |
|
BYN.U Hedge Fund Activity: Q1 2023 in Review
9 of the 6,275 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 Q1 2023, worth a combined $17.3M — down 7.2% from $18.6M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of BYN.U and 2 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 0 added.
The largest buyer was Glazer Capital LLC, opening a new position worth an estimated $5.44K. The largest seller was Bracebridge Capital LLC, exiting entirely with an estimated $499K sold.
- 9 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 Q1 2023, down from 10 in Q4 2022.
- Funds reported $17.3M of Banyan Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one redeemable warrant stock for Q1 2023, down 7.2% quarter-over-quarter.
- 2 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 Q1 2023 and 3 closed out, a net change of -1 holder.
- 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 Q1 2023 was Glazer Capital LLC, an estimated $5.44K 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 Q1 2023 was Bracebridge Capital LLC, an estimated $499K sold.
Based on aggregated 13F filings for Q1 2023.