LGL Systems Acquisition Corp. Units
DFNS.U
DFNS.U was delisted on the 26th of August, 2021.
27 hedge funds and large institutions have $60.8M invested in LGL Systems Acquisition Corp. Units in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 13 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
23% less funds holding
Funds holding: 35 → 27 (-8)
52% less capital invested
Capital invested by funds: $127M → $60.8M (-$66.4M)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KC
Kepos Capital
New York
|
+$3.01M |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$2.01M |
| 3 |
JP Morgan Chase
New York
|
+$1.72M |
| 4 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$1M |
| 5 |
CIM
Cowen Investment Management
New York
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
-$13.9M |
| 2 |
LA
Linden Advisors
New York
|
-$11.6M |
| 3 |
Millennium Management
New York
|
-$6.94M |
| 4 |
OCAM
Owl Creek Asset Management
New York
|
-$6.55M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$6.23M |
DFNS.U Hedge Fund Activity: Q2 2020 in Review
27 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in LGL Systems Acquisition Corp. Units (DFNS.U) for Q2 2020, worth a combined $60.8M — down 52% from $127M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of DFNS.U and 5 opened new positions — a net loss of 8 holders — while 5 trimmed existing stakes and 6 added.
The largest buyer was Kepos Capital, opening a new position worth an estimated $3.01M. The largest seller was Cowen and Company, cutting an estimated $13.9M.
- 27 institutional investors held LGL Systems Acquisition Corp. Units (DFNS.U) as of Q2 2020, down from 35 in Q1 2020.
- Funds reported $60.8M of LGL Systems Acquisition Corp. Units stock for Q2 2020, down 52% quarter-over-quarter.
- 5 funds opened new LGL Systems Acquisition Corp. Units positions in Q2 2020 and 13 closed out, a net change of -8 holders.
- The largest LGL Systems Acquisition Corp. Units buyer in Q2 2020 was Kepos Capital, an estimated $3.01M added.
- The largest LGL Systems Acquisition Corp. Units seller in Q2 2020 was Cowen and Company, an estimated $13.9M sold.
Based on aggregated 13F filings for Q2 2020.