Electrum Special Acquisition Corporation
ELEC
ELEC was delisted on the 29th of May, 2018.
26 hedge funds and large institutions have $154M invested in Electrum Special Acquisition Corporation in 2017 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 8 increasing their positions, 2 reducing their positions, and 7 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 2
86% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 7
30% more funds holding
Funds holding: 20 → 26 (+6)
16% more capital invested
Capital invested by funds: $133M → $154M (+$21.1M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Assured Investment Management
New York
|
+$12.1M |
| 2 |
LCS
Levin Capital Strategies
New York
|
+$5.82M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
+$5.51M |
| 4 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$4.9M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$4.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Steadfast Capital Management
New York
|
-$9.75M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$8.53M |
| 3 |
HHC
Hutchin Hill Capital
New York
|
-$8.07M |
| 4 |
MCM
Moore Capital Management
New York
|
-$4.97M |
| 5 |
RCM
Rotation Capital Management
New York
|
-$1.75M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | +$1K | +100 | New |
|
|
SCM
27
Steadfast Capital Management
New York
| – | -$9.75M | -981,200 | Closed |
|
|
HHC
28
Hutchin Hill Capital
New York
| – | -$8.07M | -812,000 | Closed |
|
|
MCM
29
Moore Capital Management
New York
| – | -$4.97M | -500,000 | Closed |
|
|
RCM
30
Rotation Capital Management
New York
| – | -$1.75M | -175,200 | Closed |
|
|
CI
31
Cowen Inc
New York
| – | -$1.15M | -114,614 | Closed |
|
32
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$148K | -15,000 | Closed |
|
ELEC Hedge Fund Activity: Q2 2017 in Review
26 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Electrum Special Acquisition Corporation (ELEC) for Q2 2017, worth a combined $154M — up 16% from $133M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new ELEC positions and 7 closed out — a net gain of 6 holders — while 8 added to existing stakes and 2 trimmed.
The largest buyer was Assured Investment Management, opening a new position worth an estimated $12.1M. The largest seller was Steadfast Capital Management, exiting entirely with an estimated $9.75M sold.
- 26 institutional investors held Electrum Special Acquisition Corporation (ELEC) as of Q2 2017, up from 20 in Q1 2017.
- Funds reported $154M of Electrum Special Acquisition Corporation stock for Q2 2017, up 16% quarter-over-quarter.
- 13 funds opened new Electrum Special Acquisition Corporation positions in Q2 2017 and 7 closed out, a net change of +6 holders.
- The largest Electrum Special Acquisition Corporation buyer in Q2 2017 was Assured Investment Management, an estimated $12.1M added.
- The largest Electrum Special Acquisition Corporation seller in Q2 2017 was Steadfast Capital Management, an estimated $9.75M sold.
Based on aggregated 13F filings for Q2 2017.