CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va
CCAC.U
CCAC.U was delisted on the 7th of February, 2022.
36 hedge funds and large institutions have $121M invested in CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 19 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
29% less funds holding
Funds holding: 51 → 36 (-15)
51% less capital invested
Capital invested by funds: $245M → $121M (-$124M)
79% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$3.16M |
| 2 |
JP Morgan Chase
New York
|
+$1.99M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
+$1.79M |
| 4 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$1.56M |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
+$1.42M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAC
51
Cowen and Company
New York
| – | -$1.42M | -144,420 | Closed |
|
52
D.E. Shaw & Co
New York
| – | -$986K | -100,000 | Closed |
|
|
DCM
53
Dupont Capital Management
Wilmington,
Delaware
| – | -$990K | -100,000 | Closed |
|
|
HP
54
Hound Partners
New York
| – | -$986K | -100,000 | Closed |
|
|
CS
55
Credit Suisse
Zurich,
Switzerland
| – | -$776K | -78,832 | Closed |
|
CCAC.U Hedge Fund Activity: Q2 2020 in Review
36 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va (CCAC.U) for Q2 2020, worth a combined $121M — down 51% from $245M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of CCAC.U and 4 opened new positions — a net loss of 15 holders — while 8 trimmed existing stakes and 11 added.
The largest buyer was Periscope Capital, adding an estimated $3.16M. The largest seller was Manulife (Manufacturers Life Insurance), exiting entirely with an estimated $16.2M sold.
- 36 institutional investors held CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va (CCAC.U) as of Q2 2020, down from 51 in Q1 2020.
- Funds reported $121M of CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va stock for Q2 2020, down 51% quarter-over-quarter.
- 4 funds opened new CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va positions in Q2 2020 and 19 closed out, a net change of -15 holders.
- The largest CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va buyer in Q2 2020 was Periscope Capital, an estimated $3.16M added.
- The largest CITIC Capital Acquisition Corp. Units, each consisting of one Class A ordinary share, $0.0001 par va seller in Q2 2020 was Manulife (Manufacturers Life Insurance), an estimated $16.2M sold.
Based on aggregated 13F filings for Q2 2020.