CIIG Merger Corp. Units
CIICU
CIICU was delisted on the 24th of March, 2021.
7 hedge funds and large institutions have $1.84M invested in CIIG Merger Corp. Units in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 19 closing their positions.
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
70% less funds holding
Funds holding: 23 → 7 (-16)
79% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 19
96% less capital invested
Capital invested by funds: $52.4M → $1.84M (-$50.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$519K |
| 2 |
OFG
OTA Financial Group
Purchase,
New York
|
+$300K |
| 3 |
Morgan Stanley
New York
|
+$176K |
| 4 |
Wells Fargo
San Francisco,
California
|
+$4.73K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$20.8M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$6.41M |
| 3 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$6.38M |
| 4 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$3.57M |
| 5 |
Goldman Sachs
New York
|
-$3.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| – | -$11K | -982 | Closed |
|
CIICU Hedge Fund Activity: Q4 2020 in Review
7 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in CIIG Merger Corp. Units (CIICU) for Q4 2020, worth a combined $1.84M — down 96% from $52.4M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of CIICU and 4 opened new positions — a net loss of 15 holders — while 2 trimmed existing stakes and 1 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $519K. The largest seller was Magnetar Financial, exiting entirely with an estimated $20.8M sold.
- 7 institutional investors held CIIG Merger Corp. Units (CIICU) as of Q4 2020, down from 23 in Q3 2020.
- Funds reported $1.84M of CIIG Merger Corp. Units stock for Q4 2020, down 96% quarter-over-quarter.
- 4 funds opened new CIIG Merger Corp. Units positions in Q4 2020 and 19 closed out, a net change of -15 holders.
- The largest CIIG Merger Corp. Units buyer in Q4 2020 was Virtu Financial, an estimated $519K added.
- The largest CIIG Merger Corp. Units seller in Q4 2020 was Magnetar Financial, an estimated $20.8M sold.
Based on aggregated 13F filings for Q4 2020.