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.
27 hedge funds and large institutions have $58.2M 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 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 11 reducing their positions, and 35 closing their positions.
55% less funds holding
Funds holding: 60 → 27 (-33)
69% less capital invested
Capital invested by funds: $190M → $58.2M (-$131M)
91% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 11
94% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 35
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$191K |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
+$121K |
| 3 |
VF
Virtu Financial
New York
|
+$73.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
6CM
683 Capital Management
New York
|
-$20.4M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$12.2M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
-$8.41M |
| 4 |
FIG
Fortress Investment Group
New York
|
-$7.02M |
| 5 |
Millennium Management
New York
|
-$6.93M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Walleye Capital
New York
| – | -$513K | -50,328 | Closed |
|
|
AGC
52
Angelo Gordon & Co
New York
| – | -$510K | -50,000 | Closed |
|
|
AC
53
Ayrton Capital
Westport,
Connecticut
| – | -$510K | -50,000 | Closed |
|
|
BGIM
54
Boussard & Gavaudan Investment Management
London,
United Kingdom
| – | -$510K | -50,000 | Closed |
|
|
CH
55
CVI Holdings
Wilmington,
Delaware
| – | -$407K | -39,912 | Closed |
|
56
Walleye Trading
New York
| – | -$285K | -27,972 | Closed |
|
57
Capstone Investment Advisors
New York
| – | -$255K | -25,000 | Closed |
|
|
WA
58
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$255K | -25,000 | Closed |
|
|
RA
59
Ramius Advisors
New York
| – | -$221K | -21,650 | Closed |
|
|
CS
60
Clear Street
New York
| – | -$98K | -9,602 | Closed |
|
|
AA
61
Ancora Advisors
Cleveland,
Ohio
| – | -$60K | -5,900 | Closed |
|
|
TRCT
62
Tower Research Capital (TRC)
New York
| – | -$1.01K | -100 | -90% |
|
CNDB.U Hedge Fund Activity: Q1 2022 in Review
27 of the 6,341 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 Q1 2022, worth a combined $58.2M — down 69% from $190M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of CNDB.U and 2 opened new positions — a net loss of 33 holders — while 11 trimmed existing stakes and 1 added.
The largest buyer was Cubist Systematic Strategies, opening a new position worth an estimated $191K. The largest seller was 683 Capital Management, exiting entirely with an estimated $20.4M sold.
- 27 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 Q1 2022, down from 60 in Q4 2021.
- Funds reported $58.2M of Concord Acquisition Corp III Units, each consisting of one share of Class A Common Stock and one-half of one Warrant stock for Q1 2022, down 69% quarter-over-quarter.
- 2 funds 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 Q1 2022 and 35 closed out, a net change of -33 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 Q1 2022 was Cubist Systematic Strategies, an estimated $191K 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 Q1 2022 was 683 Capital Management, an estimated $20.4M sold.
Based on aggregated 13F filings for Q1 2022.