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DFNS.U

LGL Systems Acquisition Corp. Units
DFNS.U

Delisted

DFNS.U was delisted on the 26th of August, 2021.

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35 hedge funds and large institutions have $127M invested in LGL Systems Acquisition Corp. Units in 2020 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

11% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 9

17% less capital invested

Capital invested by funds: $153M → $127M (-$25.8M)

19% less funds holding

Funds holding: 43 → 35 (-8)

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

Holders
35
Holders Change
-8
Holders Change %
-18.6%
% of All Funds
0.77%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
8
Increased
8
Reduced
9
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CAC
Cowen and Company
New York
+$13.2M
2
RCM
Radcliffe Capital Management
Pennsylvania
+$3.58M
3
JG
Jefferies Group
New York
+$3.5M
4
LA
Linden Advisors
New York
+$2.97M
5
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$2.75M

Top Sellers

Rank Fund Capital Flow
1
UOC
UBS O'Connor
Illinois
-$14.8M
2
RIA
RP Investment Advisors
Ontario, Canada
-$12.7M
3
TCM
Tenor Capital Management
New York
-$7.71M
4
FIG
Fortress Investment Group
New York
-$4.08M
5
KPF
K2 Principal Fund
Ontario, Canada
-$2.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAMP
26
Polar Asset Management Partners
Ontario, Canada
$1.01M – – –
MSU
27
Mizuho Securities USA
New York
$504K +$511K +50,000 New
CS
28
Credit Suisse
Switzerland
$252K +$256K +25,000 New
Goldman Sachs
29
Goldman Sachs
New York
$252K +$256K +25,000 New
LIM
30
Longfellow Investment Management
Massachusetts
$183K +$186K +18,200 New
PAM
31
Panagora Asset Management
Massachusetts
$60K +$49K +4,789 +424%
Wells Fargo
32
Wells Fargo
California
$16K -$10.2K -1,000 -38%
JP Morgan Chase
33
JP Morgan Chase
New York
$10K +$10.2K +1,000 New
FIA
34
FNY Investment Advisers
New York
$4K +$4.6K +450 New
UBS Group
35
UBS Group
Switzerland
$1K -$9.21K -900 -90%
UOC
36
UBS O'Connor
Illinois
– -$14.8M -1,450,000 Closed
RIA
37
RP Investment Advisors
Ontario, Canada
– -$12.7M -1,244,400 Closed
TCM
38
Tenor Capital Management
New York
– -$7.71M -756,191 Closed
FIG
39
Fortress Investment Group
New York
– -$4.08M -400,000 Closed
CC
40
Centiva Capital
New York
– -$2.04M -200,000 Closed
KPF
41
K2 Principal Fund
Ontario, Canada
– -$2.04M -200,000 Closed
Walleye Capital
42
Walleye Capital
New York
– -$1.94M -190,000 Closed
SRCM
43
Sage Rock Capital Management
New York
– -$1.78M -175,000 Closed
AA
44
AQR Arbitrage
Connecticut
– -$1.17M -115,000 Closed
AGM
45
Alpine Global Management
New York
– -$1.02M -100,000 Closed
DCM
46
Dupont Capital Management
Delaware
– -$1.02M -100,000 Closed
WAM
47
Weiss Asset Management
Massachusetts
– -$1.02M -100,000 Closed
Verition Fund Management
48
Verition Fund Management
Connecticut
– -$754K -74,000 Closed
MIM
49
Monashee Investment Management
Massachusetts
– -$693K -67,969 Closed
Walleye Trading
50
Walleye Trading
New York
– -$481K -47,190 Closed
1
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DFNS.U Hedge Fund Activity: Q1 2020 in Review

35 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in LGL Systems Acquisition Corp. Units (DFNS.U) for Q1 2020, worth a combined $127M — down 17% from $153M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of DFNS.U and 8 opened new positions — a net loss of 7 holders — while 9 trimmed existing stakes and 8 added.

The largest buyer was Cowen and Company, adding an estimated $13.2M. The largest seller was UBS O'Connor, exiting entirely with an estimated $14.8M sold.

  • 35 institutional investors held LGL Systems Acquisition Corp. Units (DFNS.U) as of Q1 2020, down from 43 in Q4 2019.
  • Funds reported $127M of LGL Systems Acquisition Corp. Units stock for Q1 2020, down 17% quarter-over-quarter.
  • 8 funds opened new LGL Systems Acquisition Corp. Units positions in Q1 2020 and 15 closed out, a net change of -7 holders.
  • The largest LGL Systems Acquisition Corp. Units buyer in Q1 2020 was Cowen and Company, an estimated $13.2M added.
  • The largest LGL Systems Acquisition Corp. Units seller in Q1 2020 was UBS O'Connor, an estimated $14.8M sold.

Based on aggregated 13F filings for Q1 2020.