Capitol Acquisition Corp. III
CLAC
CLAC was delisted on the 29th of June, 2017.
31 hedge funds and large institutions have $264M invested in Capitol Acquisition Corp. III in 2017 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 3 increasing their positions, 9 reducing their positions, and 3 closing their positions.
400% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 3
63% more funds holding
Funds holding: 19 → 31 (+12)
60% more capital invested
Capital invested by funds: $165M → $264M (+$99.3M)
67% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 9
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$34.6M |
| 2 |
BAMCO Inc
New York
|
+$30.3M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$23.2M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
+$19.4M |
| 5 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
+$18.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$14.5M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$9.43M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$9.23M |
| 4 |
MCM
Moore Capital Management
New York
|
-$8.29M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
-$7.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PC
26
Periscope Capital
Toronto,
Ontario, Canada
| $846K | -$4.5M | -444,800 | -85% |
|
|
NFA
27
Nationwide Fund Advisors
Columbus,
Ohio
| $573K | +$549K | +54,300 | New |
|
28
Hudson Bay Capital Management
Stamford,
Connecticut
| $481K | -$4.59M | -454,414 | -91% |
|
|
BCM
29
Basso Capital Management
Stamford,
Connecticut
| $390K | +$374K | +36,985 | New |
|
30
Squarepoint
New York
| $191K | +$183K | +18,100 | New |
|
31
Morgan Stanley
New York
| $3K | +$2.4K | +237 | +395% |
|
|
OAM
32
Oxford Asset Management
Oxford,
United Kingdom
| – | -$14.5M | -1,453,900 | Closed |
|
|
KIM
33
Karpus Investment Management
Pittsford,
New York
| – | -$9.23M | -927,876 | Closed |
|
|
RCM
34
Rotation Capital Management
New York
| – | -$5.3M | -532,400 | Closed |
|
CLAC Hedge Fund Activity: Q1 2017 in Review
31 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Capitol Acquisition Corp. III (CLAC) for Q1 2017, worth a combined $264M — up 60% from $165M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new CLAC positions and 3 closed out — a net gain of 12 holders — while 3 added to existing stakes and 9 trimmed.
The largest buyer was T. Rowe Price Associates, opening a new position worth an estimated $34.6M. The largest seller was Oxford Asset Management, exiting entirely with an estimated $14.5M sold.
- 31 institutional investors held Capitol Acquisition Corp. III (CLAC) as of Q1 2017, up from 19 in Q4 2016.
- Funds reported $264M of Capitol Acquisition Corp. III stock for Q1 2017, up 60% quarter-over-quarter.
- 15 funds opened new Capitol Acquisition Corp. III positions in Q1 2017 and 3 closed out, a net change of +12 holders.
- The largest Capitol Acquisition Corp. III buyer in Q1 2017 was T. Rowe Price Associates, an estimated $34.6M added.
- The largest Capitol Acquisition Corp. III seller in Q1 2017 was Oxford Asset Management, an estimated $14.5M sold.
Based on aggregated 13F filings for Q1 2017.