CIIG Merger Corp. Units
CIICU
CIICU was delisted on the 24th of March, 2021.
31 hedge funds and large institutions have $120M invested in CIIG Merger Corp. Units in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 15 closing their positions.
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
30% less funds holding
Funds holding: 44 → 31 (-13)
46% less capital invested
Capital invested by funds: $222M → $120M (-$102M)
80% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$2.61M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$2.03M |
| 3 |
Walleye Trading
New York
|
+$966K |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$714K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$710K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$18.3M |
| 2 |
KC
Kepos Capital
New York
|
-$12.4M |
| 3 |
Millennium Management
New York
|
-$9.46M |
| 4 |
OCAM
Owl Creek Asset Management
New York
|
-$8.13M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$7.62M |
CIICU Hedge Fund Activity: Q1 2020 in Review
31 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in CIIG Merger Corp. Units (CIICU) for Q1 2020, worth a combined $120M — down 46% from $222M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CIICU and 3 opened new positions — a net loss of 12 holders — while 11 trimmed existing stakes and 8 added.
The largest buyer was Longfellow Investment Management, adding an estimated $2.61M. The largest seller was UBS O'Connor, exiting entirely with an estimated $18.3M sold.
- 31 institutional investors held CIIG Merger Corp. Units (CIICU) as of Q1 2020, down from 44 in Q4 2019.
- Funds reported $120M of CIIG Merger Corp. Units stock for Q1 2020, down 46% quarter-over-quarter.
- 3 funds opened new CIIG Merger Corp. Units positions in Q1 2020 and 15 closed out, a net change of -12 holders.
- The largest CIIG Merger Corp. Units buyer in Q1 2020 was Longfellow Investment Management, an estimated $2.61M added.
- The largest CIIG Merger Corp. Units seller in Q1 2020 was UBS O'Connor, an estimated $18.3M sold.
Based on aggregated 13F filings for Q1 2020.