EG Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
EGGF.U
EGGF.U was delisted on the 27th of December, 2023.
21 hedge funds and large institutions have $64.8M invested in EG Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant in 2021 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 22 closing their positions.
48% less funds holding
Funds holding: 40 → 21 (-19)
64% less capital invested
Capital invested by funds: $178M → $64.8M (-$113M)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
86% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 22
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$8.18M |
| 2 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$348K |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$210K |
| 4 |
OPU
Omni Partners US
Irvine,
California
|
+$103K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$6.84K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$20.9M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$18M |
| 3 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$13M |
| 4 |
WAMC
Western Asset Management Company
Pasadena,
California
|
-$9.14M |
| 5 |
DKCM
Davidson Kempner Capital Management
New York
|
-$8M |
EGGF.U Hedge Fund Activity: Q3 2021 in Review
21 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in EG Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (EGGF.U) for Q3 2021, worth a combined $64.8M — down 64% from $178M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of EGGF.U and 3 opened new positions — a net loss of 19 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was HGC Investment Management, opening a new position worth an estimated $8.18M. The largest seller was Millennium Management, cutting an estimated $20.9M.
- 21 institutional investors held EG Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (EGGF.U) as of Q3 2021, down from 40 in Q2 2021.
- Funds reported $64.8M of EG Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q3 2021, down 64% quarter-over-quarter.
- 3 funds opened new EG Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant positions in Q3 2021 and 22 closed out, a net change of -19 holders.
- The largest EG Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant buyer in Q3 2021 was HGC Investment Management, an estimated $8.18M added.
- The largest EG Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant seller in Q3 2021 was Millennium Management, an estimated $20.9M sold.
Based on aggregated 13F filings for Q3 2021.