Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt
CCXX.U
CCXX.U was delisted on the 8th of October, 2020.
13 hedge funds and large institutions have $40.8M invested in Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 6 reducing their positions, and 48 closing their positions.
78% less funds holding
Funds holding: 59 → 13 (-46)
94% less capital invested
Capital invested by funds: $657M → $40.8M (-$616M)
96% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 48
100% less funds holding in top 10
Funds holding in top 10: 9 → 0 (-9)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 6
Top Buyers
| 1 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
+$156K |
| 2 |
CCM
Clearfield Capital Management
New York
|
+$120K |
Top Sellers
CCXX.U Hedge Fund Activity: Q3 2020 in Review
13 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt (CCXX.U) for Q3 2020, worth a combined $40.8M — down 94% from $657M a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of CCXX.U and 2 opened new positions — a net loss of 46 holders — while 6 trimmed existing stakes and 0 added.
The largest buyer was Mint Tower Capital Management, opening a new position worth an estimated $156K. The largest seller was Magnetar Financial, exiting entirely with an estimated $124M sold.
- 13 institutional investors held Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt (CCXX.U) as of Q3 2020, down from 59 in Q2 2020.
- Funds reported $40.8M of Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt stock for Q3 2020, down 94% quarter-over-quarter.
- 2 funds opened new Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt positions in Q3 2020 and 48 closed out, a net change of -46 holders.
- The largest Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt buyer in Q3 2020 was Mint Tower Capital Management, an estimated $156K added.
- The largest Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt seller in Q3 2020 was Magnetar Financial, an estimated $124M sold.
Based on aggregated 13F filings for Q3 2020.