LGL Systems Acquisition Corp. Units
DFNS.U
DFNS.U was delisted on the 26th of August, 2021.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$13.2M |
| 2 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$3.58M |
| 3 |
JG
Jefferies Group
New York
|
+$3.5M |
| 4 |
LA
Linden Advisors
New York
|
+$2.97M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$2.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$14.8M |
| 2 |
RIA
RP Investment Advisors
Toronto,
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
Toronto,
Ontario, Canada
|
-$2.04M |
DFNS.U Hedge Fund Activity: Q1 2020 in Review
35 of the 4,547 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.