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DSAQ.U

Direct Selling Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of redeemable warrant
DSAQ.U

Delisted

DSAQ.U was delisted on the 23rd of April, 2024.

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26 hedge funds and large institutions have $43.2M invested in Direct Selling Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of redeemable warrant in 2021 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 12 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% less funds holding

Funds holding: 61 → 26 (-35)

78% less capital invested

Capital invested by funds: $192M → $43.2M (-$149M)

87% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 39

92% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 12

Holders
26
Holders Change
-35
Holders Change %
-57.38%
% of All Funds
0.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
1
Reduced
12
Closed
39
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CSS
Cubist Systematic Strategies
Connecticut
+$495K
2
SCM
Shaolin Capital Management
Florida
+$253K
3
State Street
State Street
Massachusetts
+$185K
4
VF
Virtu Financial
New York
+$130K

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$10.1M
2
BCM
Beryl Capital Management
California
-$10.1M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$10.1M
4
WAM
Weiss Asset Management
Massachusetts
-$10.1M
5
Marshall Wace
Marshall Wace
United Kingdom
-$9.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$1K -$100K -9,900 -99%
Citadel Advisors
27
Citadel Advisors
Florida
– -$10.1M -1,000,147 Closed
BCM
28
Beryl Capital Management
California
– -$10.1M -1,000,000 Closed
PAMP
29
Polar Asset Management Partners
Ontario, Canada
– -$10.1M -1,000,000 Closed
WAM
30
Weiss Asset Management
Massachusetts
– -$10.1M -1,000,000 Closed
Marshall Wace
31
Marshall Wace
United Kingdom
– -$9.58M -950,000 Closed
HCM
32
Highbridge Capital Management
New York
– -$7.56M -750,000 Closed
KC
33
Kepos Capital
New York
– -$7.06M -700,000 Closed
AIMCA
34
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$6.05M -600,000 Closed
SV
35
Starboard Value
New York
– -$6.05M -600,000 Closed
FTCM
36
Fir Tree Capital Management
New York
– -$5.75M -570,000 Closed
DKCM
37
Davidson Kempner Capital Management
New York
– -$5.04M -500,000 Closed
Hudson Bay Capital Management
38
Hudson Bay Capital Management
Connecticut
– -$4.03M -400,000 Closed
MI
39
MMCAP International
Cayman Islands
– -$4.03M -400,000 Closed
UOC
40
UBS O'Connor
Illinois
– -$3.54M -351,370 Closed
OCM
41
Oaktree Capital Management
California
– -$3.53M -350,000 Closed
Balyasny Asset Management
42
Balyasny Asset Management
Illinois
– -$3.02M -300,000 Closed
BCM
43
Basso Capital Management
Connecticut
– -$3.02M -300,000 Closed
SCC
44
Spring Creek Capital
Kansas
– -$3.02M -300,000 Closed
KPF
45
K2 Principal Fund
Ontario, Canada
– -$2.52M -250,000 Closed
SCM
46
Saba Capital Management
New York
– -$2.52M -250,000 Closed
AA
47
AQR Arbitrage
Connecticut
– -$2.52M -249,702 Closed
AFM
48
Anson Funds Management
Texas
– -$2.22M -220,000 Closed
BFM
49
Boothbay Fund Management
New York
– -$2.15M -213,031 Closed
D.E. Shaw & Co
50
D.E. Shaw & Co
New York
– -$2.02M -200,000 Closed
1
2
3

DSAQ.U Hedge Fund Activity: Q4 2021 in Review

26 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Direct Selling Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of redeemable warrant (DSAQ.U) for Q4 2021, worth a combined $43.2M — down 78% from $192M a quarter earlier.

Sellers outnumbered buyers: 39 funds closed out of DSAQ.U and 5 opened new positions — a net loss of 34 holders — while 12 trimmed existing stakes and 1 added.

The largest buyer was Cubist Systematic Strategies, opening a new position worth an estimated $495K. The largest seller was Citadel Advisors, exiting entirely with an estimated $10.1M sold.

  • 26 institutional investors held Direct Selling Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of redeemable warrant (DSAQ.U) as of Q4 2021, down from 61 in Q3 2021.
  • Funds reported $43.2M of Direct Selling Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of redeemable warrant stock for Q4 2021, down 78% quarter-over-quarter.
  • 5 funds opened new Direct Selling Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of redeemable warrant positions in Q4 2021 and 39 closed out, a net change of -34 holders.
  • The largest Direct Selling Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of redeemable warrant buyer in Q4 2021 was Cubist Systematic Strategies, an estimated $495K added.
  • The largest Direct Selling Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of redeemable warrant seller in Q4 2021 was Citadel Advisors, an estimated $10.1M sold.

Based on aggregated 13F filings for Q4 2021.