Concord Acquisition Corp III Units, each consisting of one share of Class A Common Stock and one-half of one Warrant
CNDB.U
CNDB.U was delisted on the 22nd of March, 2024.
19 hedge funds and large institutions have $36.5M invested in Concord Acquisition Corp III Units, each consisting of one share of Class A Common Stock and one-half of one Warrant in 2022 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
30% less funds holding
Funds holding: 27 → 19 (-8)
37% less capital invested
Capital invested by funds: $58.2M → $36.5M (-$21.6M)
89% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$2.01M |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$50.2K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$22.1K |
| 4 |
DC
Dryden Capital
Miami,
Florida
|
+$4.85K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SRCM
Sage Rock Capital Management
New York
|
-$5.41M |
| 2 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$2.53M |
| 3 |
Millennium Management
New York
|
-$2.01M |
| 4 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$1.84M |
| 5 |
GC
Gillson Capital
Chicago,
Illinois
|
-$1.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wolverine Trading
Chicago,
Illinois
| – | -$121K | -12,000 | Closed |
|
|
FTCM
27
First Trust Capital Management
Chicago,
Illinois
| – | -$101K | -10,000 | Closed |
|
CNDB.U Hedge Fund Activity: Q2 2022 in Review
19 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Concord Acquisition Corp III Units, each consisting of one share of Class A Common Stock and one-half of one Warrant (CNDB.U) for Q2 2022, worth a combined $36.5M — down 37% from $58.2M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of CNDB.U and 1 opened new positions — a net loss of 8 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was HGC Investment Management, adding an estimated $2.01M. The largest seller was Sage Rock Capital Management, exiting entirely with an estimated $5.41M sold.
- 19 institutional investors held Concord Acquisition Corp III Units, each consisting of one share of Class A Common Stock and one-half of one Warrant (CNDB.U) as of Q2 2022, down from 27 in Q1 2022.
- Funds reported $36.5M of Concord Acquisition Corp III Units, each consisting of one share of Class A Common Stock and one-half of one Warrant stock for Q2 2022, down 37% quarter-over-quarter.
- 1 fund opened new Concord Acquisition Corp III Units, each consisting of one share of Class A Common Stock and one-half of one Warrant positions in Q2 2022 and 9 closed out, a net change of -8 holders.
- The largest Concord Acquisition Corp III Units, each consisting of one share of Class A Common Stock and one-half of one Warrant buyer in Q2 2022 was HGC Investment Management, an estimated $2.01M added.
- The largest Concord Acquisition Corp III Units, each consisting of one share of Class A Common Stock and one-half of one Warrant seller in Q2 2022 was Sage Rock Capital Management, an estimated $5.41M sold.
Based on aggregated 13F filings for Q2 2022.