Corsair Partnering Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CORS.U
CORS.U was delisted on the 15th of June, 2023.
16 hedge funds and large institutions have $39.5M invested in Corsair Partnering Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 5 reducing their positions, and 5 closing their positions.
16% less funds holding
Funds holding: 19 → 16 (-3)
24% less capital invested
Capital invested by funds: $52.3M → $39.5M (-$12.7M)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$2.09M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$1.02K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$10.9M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.09M |
| 3 |
PCM
Pentwater Capital Management
Naples,
Florida
|
-$1.24M |
| 4 |
CIM
Cowen Investment Management
New York
|
-$988K |
| 5 |
ICM
III Capital Management
Boca Raton,
Florida
|
-$806K |
CORS.U Hedge Fund Activity: Q1 2023 in Review
16 of the 6,284 institutional investors tracked by Wall St. Rank reported a position in Corsair Partnering Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant (CORS.U) for Q1 2023, worth a combined $39.5M — down 24% from $52.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of CORS.U and 2 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 0 added.
The largest buyer was JP Morgan Chase, opening a new position worth an estimated $2.09M. The largest seller was BlueCrest Capital Management, exiting entirely with an estimated $10.9M sold.
- 16 institutional investors held Corsair Partnering Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant (CORS.U) as of Q1 2023, down from 19 in Q4 2022.
- Funds reported $39.5M of Corsair Partnering Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant stock for Q1 2023, down 24% quarter-over-quarter.
- 2 funds opened new Corsair Partnering Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant positions in Q1 2023 and 5 closed out, a net change of -3 holders.
- The largest Corsair Partnering Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant buyer in Q1 2023 was JP Morgan Chase, an estimated $2.09M added.
- The largest Corsair Partnering Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant seller in Q1 2023 was BlueCrest Capital Management, an estimated $10.9M sold.
Based on aggregated 13F filings for Q1 2023.