Electrum Special Acquisition Corporation
ELEC
ELEC was delisted on the 29th of May, 2018.
20 hedge funds and large institutions have $95.6M invested in Electrum Special Acquisition Corporation in 2016 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 4 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
8% more capital invested
Capital invested by funds: $88.5M → $95.6M (+$7.07M)
5% less funds holding
Funds holding: 21 → 20 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$6.18M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$5.19M |
| 3 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$3.19M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$2.49M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$4.62M |
| 2 |
6CM
683 Capital Management
New York
|
-$4.58M |
| 3 |
PGC
Pacific Grove Capital
San Francisco,
California
|
-$3.47M |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.03M |
| 5 |
ICM
Ionic Capital Management
New York
|
-$184K |
ELEC Hedge Fund Activity: Q1 2016 in Review
20 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Electrum Special Acquisition Corporation (ELEC) for Q1 2016, worth a combined $95.6M — up 8% from $88.5M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of ELEC and 3 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 5 added.
The largest buyer was Weiss Asset Management, adding an estimated $6.18M. The largest seller was W.R. Berkley Corp, cutting an estimated $4.62M.
- 20 institutional investors held Electrum Special Acquisition Corporation (ELEC) as of Q1 2016, down from 21 in Q4 2015.
- Funds reported $95.6M of Electrum Special Acquisition Corporation stock for Q1 2016, up 8% quarter-over-quarter.
- 3 funds opened new Electrum Special Acquisition Corporation positions in Q1 2016 and 4 closed out, a net change of -1 holder.
- The largest Electrum Special Acquisition Corporation buyer in Q1 2016 was Weiss Asset Management, an estimated $6.18M added.
- The largest Electrum Special Acquisition Corporation seller in Q1 2016 was W.R. Berkley Corp, an estimated $4.62M sold.
Based on aggregated 13F filings for Q1 2016.