Easterly Acquisition Corp
EACQ
EACQ was delisted on the 5th of November, 2018.
21 hedge funds and large institutions have $121M invested in Easterly Acquisition Corp in 2017 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 18 closing their positions.
19.85% less ownership
Funds ownership: 78.56% → 58.71% (-20%)
34% less funds holding
Funds holding: 32 → 21 (-11)
39% less capital invested
Capital invested by funds: $197M → $121M (-$76.2M)
61% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 18
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$25M |
| 2 |
KCM
Kingdon Capital Management
New York
|
+$5.01M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$1.18M |
| 4 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$1.1M |
| 5 |
SM
SG3 Management
Dorado,
Puerto Rico
|
+$499K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$18.6M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$15.9M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$9.05M |
| 4 |
MCM
Moore Capital Management
New York
|
-$8.86M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$8.21M |
EACQ Hedge Fund Activity: Q3 2017 in Review
21 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Easterly Acquisition Corp (EACQ) for Q3 2017, worth a combined $121M — down 39% from $197M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of EACQ and 7 opened new positions — a net loss of 11 holders — while 8 trimmed existing stakes and 2 added.
The largest buyer was Jefferies Group, opening a new position worth an estimated $25M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $18.6M sold.
- 21 institutional investors held Easterly Acquisition Corp (EACQ) as of Q3 2017, down from 32 in Q2 2017.
- Funds reported $121M of Easterly Acquisition Corp stock for Q3 2017, down 39% quarter-over-quarter.
- 7 funds opened new Easterly Acquisition Corp positions in Q3 2017 and 18 closed out, a net change of -11 holders.
- The largest Easterly Acquisition Corp buyer in Q3 2017 was Jefferies Group, an estimated $25M added.
- The largest Easterly Acquisition Corp seller in Q3 2017 was Fir Tree Capital Management, an estimated $18.6M sold.
Based on aggregated 13F filings for Q3 2017.