Direct Selling Acquisition Corp.
DSAQ
DSAQ was delisted on the 29th of April, 2024.
26 hedge funds and large institutions have $61.5M invested in Direct Selling Acquisition Corp. in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 40 closing their positions.
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
54% less funds holding
Funds holding: 57 → 26 (-31)
73% less capital invested
Capital invested by funds: $228M → $61.5M (-$166M)
78% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Antara Capital
New York
|
+$9.95M |
| 2 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$5.76M |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$3.52M |
| 4 |
MSU
Mizuho Securities USA
New York
|
+$3.13M |
| 5 |
ETH
Exos TFP Holdings
New York
|
+$2.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$23.1M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$18.9M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$16.9M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$11.6M |
| 5 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$10.8M |
DSAQ Hedge Fund Activity: Q1 2023 in Review
26 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Direct Selling Acquisition Corp. (DSAQ) for Q1 2023, worth a combined $61.5M — down 73% from $228M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of DSAQ and 9 opened new positions — a net loss of 31 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was Antara Capital, opening a new position worth an estimated $9.95M. The largest seller was Saba Capital Management, exiting entirely with an estimated $23.1M sold.
- 26 institutional investors held Direct Selling Acquisition Corp. (DSAQ) as of Q1 2023, down from 57 in Q4 2022.
- Funds reported $61.5M of Direct Selling Acquisition Corp. stock for Q1 2023, down 73% quarter-over-quarter.
- 9 funds opened new Direct Selling Acquisition Corp. positions in Q1 2023 and 40 closed out, a net change of -31 holders.
- The largest Direct Selling Acquisition Corp. buyer in Q1 2023 was Antara Capital, an estimated $9.95M added.
- The largest Direct Selling Acquisition Corp. seller in Q1 2023 was Saba Capital Management, an estimated $23.1M sold.
Based on aggregated 13F filings for Q1 2023.