Concord Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant
CND.U
CND.U was delisted on the 7th of December, 2022.
29 hedge funds and large institutions have $66.8M invested in Concord Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant in 2021 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 18 reducing their positions, and 43 closing their positions.
57% less funds holding
Funds holding: 68 → 29 (-39)
73% less capital invested
Capital invested by funds: $251M → $66.8M (-$184M)
83% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 18
91% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 43
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$911K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$516K |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$63.7K |
| 4 |
Goldman Sachs
New York
|
+$11K |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$10.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$18.9M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$11.3M |
| 3 |
6CM
683 Capital Management
New York
|
-$10.3M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$10.3M |
| 5 |
D.E. Shaw & Co
New York
|
-$9.02M |
CND.U Hedge Fund Activity: Q1 2021 in Review
29 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Concord Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant (CND.U) for Q1 2021, worth a combined $66.8M — down 73% from $251M a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of CND.U and 4 opened new positions — a net loss of 39 holders — while 18 trimmed existing stakes and 3 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $911K. The largest seller was Citadel Advisors, cutting an estimated $18.9M.
- 29 institutional investors held Concord Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant (CND.U) as of Q1 2021, down from 68 in Q4 2020.
- Funds reported $66.8M of Concord Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant stock for Q1 2021, down 73% quarter-over-quarter.
- 4 funds opened new Concord Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant positions in Q1 2021 and 43 closed out, a net change of -39 holders.
- The largest Concord Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant buyer in Q1 2021 was Virtu Financial, an estimated $911K added.
- The largest Concord Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant seller in Q1 2021 was Citadel Advisors, an estimated $18.9M sold.
Based on aggregated 13F filings for Q1 2021.