CIIG Merger Corp. Units
CIICU
CIICU was delisted on the 24th of March, 2021.
23 hedge funds and large institutions have $52.4M invested in CIIG Merger Corp. Units in 2020 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 12 closing their positions.
23% less funds holding
Funds holding: 30 → 23 (-7)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
51% less capital invested
Capital invested by funds: $108M → $52.4M (-$55.6M)
58% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$3.15M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.57M |
| 3 |
CCM
Context Capital Management
Lajolla,
California
|
+$737K |
| 4 |
CAC
Cowen and Company
New York
|
+$269K |
| 5 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$257K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$19.9M |
| 2 |
Blackstone Inc
New York
|
-$8.17M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$7.14M |
| 4 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$5.13M |
| 5 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
-$2.71M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PSAMP
26
P. Schoenfeld Asset Management (PSAM)
New York
| – | -$5.13M | -500,000 | Closed |
|
|
GCIA
27
Gabelli & Co Investment Advisers
Rye,
New York
| – | -$2.71M | -264,300 | Closed |
|
|
GF
28
Gabelli Funds
Rye,
New York
| – | -$2.42M | -235,700 | Closed |
|
|
RCM
29
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$2.02M | -197,305 | Closed |
|
|
CCA
30
Castle Creek Arbitrage
Avon,
Colorado
| – | -$1.09M | -106,868 | Closed |
|
31
Stifel Financial
St. Louis,
Missouri
| – | -$609K | -59,439 | Closed |
|
32
Geode Capital Management
Boston,
Massachusetts
| – | -$510K | -50,000 | Closed |
|
|
PAM
33
Panagora Asset Management
Boston,
Massachusetts
| – | -$120K | -11,808 | Closed |
|
34
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -149 | Closed |
|
CIICU Hedge Fund Activity: Q3 2020 in Review
23 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in CIIG Merger Corp. Units (CIICU) for Q3 2020, worth a combined $52.4M — down 51% from $108M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of CIICU and 5 opened new positions — a net loss of 7 holders — while 7 trimmed existing stakes and 4 added.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $3.15M. The largest seller was BlackRock, exiting entirely with an estimated $19.9M sold.
- 23 institutional investors held CIIG Merger Corp. Units (CIICU) as of Q3 2020, down from 30 in Q2 2020.
- Funds reported $52.4M of CIIG Merger Corp. Units stock for Q3 2020, down 51% quarter-over-quarter.
- 5 funds opened new CIIG Merger Corp. Units positions in Q3 2020 and 12 closed out, a net change of -7 holders.
- The largest CIIG Merger Corp. Units buyer in Q3 2020 was Goldman Sachs, an estimated $3.15M added.
- The largest CIIG Merger Corp. Units seller in Q3 2020 was BlackRock, an estimated $19.9M sold.
Based on aggregated 13F filings for Q3 2020.