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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
SCM
1
Shaolin Capital Management
Florida
$11.4M +$253K +25,000 +2%
KC
2
Kryger Capital
United Kingdom
$5.18M +$5.17M +510,007 New
MF
3
Magnetar Financial
Illinois
$4.46M -$112K -11,000 -2%
PC
4
Periscope Capital
Ontario, Canada
$3.55M -$2.03K -200 -0.1%
HIM
5
HGC Investment Management
Ontario, Canada
$2.98M -$6.99M -689,200 -70%
SRCM
6
Sage Rock Capital Management
New York
$2.83M -$973K -96,000 -26%
MP
7
Mangrove Partners
Connecticut
$2.03M – – –
CCA
8
Castle Creek Arbitrage
Colorado
$2.03M -$1.01M -100,000 -33%
FTCM
9
First Trust Capital Management
Illinois
$1.52M – – –
Capstone Investment Advisors
10
Capstone Investment Advisors
New York
$1.02M -$1.01M -100,000 -50%
Millennium Management
11
Millennium Management
New York
$1.02M – – –
WCMNY
12
Westchester Capital Management (New York)
New York
$1.02M – – –
SSA
13
Schonfeld Strategic Advisors
New York
$884K -$537K -53,000 -38%
RCM
14
Rivernorth Capital Management
Florida
$749K -$520K -51,314 -41%
GCL
15
Glazer Capital LLC
New York
$660K -$2.25M -222,409 -77%
CSS
16
Cubist Systematic Strategies
Connecticut
$496K +$495K +48,794 New
ECM
17
ExodusPoint Capital Management
New York
$356K – – –
WMSA
18
Weiss Multi-Strategy Advisers
New York
$203K – – –
State Street
19
State Street
Massachusetts
$185K +$185K +18,254 New
BCL
20
Bracebridge Capital LLC
Massachusetts
$152K – – –
Walleye Capital
21
Walleye Capital
New York
$140K -$833K -82,182 -86%
VF
22
Virtu Financial
New York
$131K +$130K +12,863 New
LCM
23
Landscape Capital Management
New Jersey
$107K – – –
CS
24
Clear Street
New York
$37K +$36.6K +3,610 New
UBS Group
25
UBS Group
Switzerland
$20K -$178K -17,587 -90%
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.