Direct Selling Acquisition Corp.
DSAQ
DSAQ was delisted on the 29th of April, 2024.
24 hedge funds and large institutions have $47.1M invested in Direct Selling Acquisition Corp. in 2024 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 8 reducing their positions, and 8 closing their positions.
14% less funds holding
Funds holding: 28 → 24 (-4)
19% less capital invested
Capital invested by funds: $58.3M → $47.1M (-$11.3M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
88% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$3.53M |
| 2 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$1.92M |
| 3 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.65M |
| 4 |
CS
Clear Street
New York
|
+$1.1M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$176 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$3.1M |
| 2 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$2.72M |
| 3 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$2.09M |
| 4 |
QL
Quarry LP
New York
|
-$1.96M |
| 5 |
FSI
Flow State Investments
Chicago,
Illinois
|
-$1.36M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KPF
26
K2 Principal Fund
Toronto,
Ontario, Canada
| – | -$2.72M | -250,000 | Closed |
|
|
RCM
27
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
| – | -$2.09M | -192,264 | Closed |
|
|
QL
28
Quarry LP
New York
| – | -$1.96M | -180,000 | Closed |
|
|
MSU
29
Mizuho Securities USA
New York
| – | -$1.15M | -107,187 | Closed |
|
|
WAM
30
Warberg Asset Management
Winnetka,
Illinois
| – | -$516K | -47,356 | Closed |
|
31
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$341K | -31,302 | Closed |
|
|
SSA
32
Schonfeld Strategic Advisors
New York
| – | -$214K | -19,607 | Closed |
|
DSAQ Hedge Fund Activity: Q1 2024 in Review
24 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Direct Selling Acquisition Corp. (DSAQ) for Q1 2024, worth a combined $47.1M — down 19% from $58.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of DSAQ and 5 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 1 added.
The largest buyer was Sandia Investment Management, opening a new position worth an estimated $3.53M. The largest seller was Shaolin Capital Management, exiting entirely with an estimated $3.1M sold.
- 24 institutional investors held Direct Selling Acquisition Corp. (DSAQ) as of Q1 2024, down from 28 in Q4 2023.
- Funds reported $47.1M of Direct Selling Acquisition Corp. stock for Q1 2024, down 19% quarter-over-quarter.
- 5 funds opened new Direct Selling Acquisition Corp. positions in Q1 2024 and 8 closed out, a net change of -3 holders.
- The largest Direct Selling Acquisition Corp. buyer in Q1 2024 was Sandia Investment Management, an estimated $3.53M added.
- The largest Direct Selling Acquisition Corp. seller in Q1 2024 was Shaolin Capital Management, an estimated $3.1M sold.
Based on aggregated 13F filings for Q1 2024.