Compass Digital Acquisition Corp. Class A Ordinary Shares
CDAQ
CDAQ was delisted on the 21st of October, 2024.
20 hedge funds and large institutions have $53.5M invested in Compass Digital Acquisition Corp. Class A Ordinary Shares in 2023 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 27 closing their positions.
52% less funds holding
Funds holding: 42 → 20 (-22)
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
74% less capital invested
Capital invested by funds: $209M → $53.5M (-$155M)
78% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 27
83% less funds holding in top 10
Funds holding in top 10: 6 → 1 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AMC
Atlas Merchant Capital
New York
|
+$5.27M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.27M |
| 3 |
CC
Centiva Capital
New York
|
+$4.06M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$3.26M |
| 5 |
MSU
Mizuho Securities USA
New York
|
+$2.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$20.2M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$19.1M |
| 3 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$18.3M |
| 4 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$12M |
| 5 |
LA
Linden Advisors
New York
|
-$9.09M |
CDAQ Hedge Fund Activity: Q4 2023 in Review
20 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Compass Digital Acquisition Corp. Class A Ordinary Shares (CDAQ) for Q4 2023, worth a combined $53.5M — down 74% from $209M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of CDAQ and 6 opened new positions — a net loss of 21 holders — while 9 trimmed existing stakes and 4 added.
The largest buyer was Atlas Merchant Capital, opening a new position worth an estimated $5.27M. The largest seller was Magnetar Financial, exiting entirely with an estimated $20.2M sold.
- 20 institutional investors held Compass Digital Acquisition Corp. Class A Ordinary Shares (CDAQ) as of Q4 2023, down from 42 in Q3 2023.
- Funds reported $53.5M of Compass Digital Acquisition Corp. Class A Ordinary Shares stock for Q4 2023, down 74% quarter-over-quarter.
- 6 funds opened new Compass Digital Acquisition Corp. Class A Ordinary Shares positions in Q4 2023 and 27 closed out, a net change of -21 holders.
- The largest Compass Digital Acquisition Corp. Class A Ordinary Shares buyer in Q4 2023 was Atlas Merchant Capital, an estimated $5.27M added.
- The largest Compass Digital Acquisition Corp. Class A Ordinary Shares seller in Q4 2023 was Magnetar Financial, an estimated $20.2M sold.
Based on aggregated 13F filings for Q4 2023.