Edify Acquisition Corp. Class A Common Stock
EAC
EAC was delisted on the 11th of March, 2024.
28 hedge funds and large institutions have $79M invested in Edify Acquisition Corp. Class A Common Stock in 2022 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 2 increasing their positions, 10 reducing their positions, and 46 closing their positions.
59% less funds holding
Funds holding: 68 → 28 (-40)
68% less capital invested
Capital invested by funds: $245M → $79M (-$167M)
80% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 10
87% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$4.68M |
| 2 |
ETH
Exos TFP Holdings
New York
|
+$2.5M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$1.78M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$149K |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$99.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$21.3M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$17.8M |
| 3 |
SCM
Saba Capital Management
New York
|
-$13M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$10.7M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$9.76M |
EAC Hedge Fund Activity: Q4 2022 in Review
28 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Edify Acquisition Corp. Class A Common Stock (EAC) for Q4 2022, worth a combined $79M — down 68% from $245M a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of EAC and 6 opened new positions — a net loss of 40 holders — while 10 trimmed existing stakes and 2 added.
The largest buyer was Westchester Capital Management (New York), opening a new position worth an estimated $4.68M. The largest seller was Fir Tree Capital Management, cutting an estimated $21.3M.
- 28 institutional investors held Edify Acquisition Corp. Class A Common Stock (EAC) as of Q4 2022, down from 68 in Q3 2022.
- Funds reported $79M of Edify Acquisition Corp. Class A Common Stock stock for Q4 2022, down 68% quarter-over-quarter.
- 6 funds opened new Edify Acquisition Corp. Class A Common Stock positions in Q4 2022 and 46 closed out, a net change of -40 holders.
- The largest Edify Acquisition Corp. Class A Common Stock buyer in Q4 2022 was Westchester Capital Management (New York), an estimated $4.68M added.
- The largest Edify Acquisition Corp. Class A Common Stock seller in Q4 2022 was Fir Tree Capital Management, an estimated $21.3M sold.
Based on aggregated 13F filings for Q4 2022.