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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
CAC
1
Cowen and Company
New York
$14.1M +$13.2M +1,286,326 +1,153%
LA
2
Linden Advisors
New York
$11.6M +$2.97M +290,000 +34%
MF
3
Magnetar Financial
Illinois
$9.27M +$718K +70,192 +8%
BCM
4
BlueCrest Capital Management
Jersey
$8.56M – – –
WAM
5
Wolverine Asset Management
Illinois
$7.36M -$409K -40,000 -5%
Millennium Management
6
Millennium Management
New York
$7.25M -$1.02K -100 -0%
SCM
7
Shaolin Capital Management
Florida
$7M -$563K -55,000 -7%
OCAM
8
Owl Creek Asset Management
New York
$6.55M – – –
Hudson Bay Capital Management
9
Hudson Bay Capital Management
Connecticut
$6.23M +$2.75M +269,076 +77%
PC
10
Periscope Capital
Ontario, Canada
$3.98M +$2.03M +198,255 +101%
JG
11
Jefferies Group
New York
$3.67M +$3.5M +341,650 +1,502%
GCL
12
Glazer Capital LLC
New York
$3.6M -$576K -56,296 -14%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
13
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$3.52M – – –
PSAMP
14
P. Schoenfeld Asset Management (PSAM)
New York
$3.52M – – –
RCM
15
Radcliffe Capital Management
Pennsylvania
$3.52M +$3.58M +350,000 New
CCA
16
Castle Creek Arbitrage
Colorado
$3M – – –
AIMCA
17
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$2.77M – – –
Blackstone Inc
18
Blackstone Inc
New York
$2.77M – – –
PMAM
19
Picton Mahoney Asset Management
Ontario, Canada
$2.77M +$2.59M +253,300 +1,167%
BI
20
Bulldog Investors
New Jersey
$2.68M -$13K -1,269 -0.5%
WCMNY
21
Westchester Capital Management (New York)
New York
$2.52M – – –
BCM
22
Basso Capital Management
Connecticut
$2.46M -$409K -40,000 -14%
WRBC
23
W.R. Berkley Corp
Connecticut
$2.34M -$143K -13,985 -6%
GI
24
GAMCO Investors
Connecticut
$2.32M – – –
YCM
25
Yakira Capital Management
Connecticut
$1.51M +$1.53M +150,000 New
1
2

DFNS.U Hedge Fund Activity: Q1 2020 in Review

35 of the 4,538 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.