Electrum Special Acquisition Corporation
ELEC
ELEC was delisted on the 29th of May, 2018.
24 hedge funds and large institutions have $120M invested in Electrum Special Acquisition Corporation in 2017 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 6 closing their positions.
8% less funds holding
Funds holding: 26 → 24 (-2)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
22% less capital invested
Capital invested by funds: $153M → $120M (-$33M)
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSU
Mizuho Securities USA
New York
|
+$3.42M |
| 2 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
+$2.56M |
| 3 |
CI
Cowen Inc
New York
|
+$697K |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$572K |
| 5 |
MWA
Marshall Wace Asia
Central,
Hong Kong
|
+$526K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$14.7M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$11.3M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
-$5.62M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$4.65M |
| 5 |
AIM
Assured Investment Management
New York
|
-$1.58M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| – | -$4.65M | -453,856 | Closed |
|
|
AIM
27
Assured Investment Management
New York
| – | -$1.58M | -154,181 | Closed |
|
|
ICM
28
Ionic Capital Management
New York
| – | -$798K | -77,874 | Closed |
|
|
KIM
29
Karpus Investment Management
Pittsford,
New York
| – | -$133K | -12,950 | Closed |
|
30
Morgan Stanley
New York
| – | +$10 | +1 | New |
|
ELEC Hedge Fund Activity: Q4 2017 in Review
24 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Electrum Special Acquisition Corporation (ELEC) for Q4 2017, worth a combined $120M — down 22% from $153M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ELEC and 5 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 3 added.
The largest buyer was Mizuho Securities USA, adding an estimated $3.42M. The largest seller was Weiss Asset Management, cutting an estimated $14.7M.
- 24 institutional investors held Electrum Special Acquisition Corporation (ELEC) as of Q4 2017, down from 26 in Q3 2017.
- Funds reported $120M of Electrum Special Acquisition Corporation stock for Q4 2017, down 22% quarter-over-quarter.
- 5 funds opened new Electrum Special Acquisition Corporation positions in Q4 2017 and 6 closed out, a net change of -1 holder.
- The largest Electrum Special Acquisition Corporation buyer in Q4 2017 was Mizuho Securities USA, an estimated $3.42M added.
- The largest Electrum Special Acquisition Corporation seller in Q4 2017 was Weiss Asset Management, an estimated $14.7M sold.
Based on aggregated 13F filings for Q4 2017.