Electrum Special Acquisition Corporation
ELEC
ELEC was delisted on the 29th of May, 2018.
23 hedge funds and large institutions have $133M invested in Electrum Special Acquisition Corporation in 2016 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 4 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
11% more capital invested
Capital invested by funds: $119M → $133M (+$13.6M)
10% more funds holding
Funds holding: 21 → 23 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$2.26M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.04M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$972K |
| 4 |
MSU
Mizuho Securities USA
New York
|
+$776K |
| 5 |
CI
Cowen Inc
New York
|
+$385K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$1.68M |
| 2 |
LCS
Levin Capital Strategies
New York
|
-$1.16M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$89.9K |
| 4 |
ICM
Ionic Capital Management
New York
|
-$77.7K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$5K |
ELEC Hedge Fund Activity: Q4 2016 in Review
23 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Electrum Special Acquisition Corporation (ELEC) for Q4 2016, worth a combined $133M — up 11% from $119M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new ELEC positions and 2 closed out — a net gain of 2 holders — while 4 added to existing stakes and 4 trimmed.
The largest buyer was Polar Asset Management Partners, adding an estimated $2.26M. The largest seller was Glazer Capital LLC, cutting an estimated $1.68M.
- 23 institutional investors held Electrum Special Acquisition Corporation (ELEC) as of Q4 2016, up from 21 in Q3 2016.
- Funds reported $133M of Electrum Special Acquisition Corporation stock for Q4 2016, up 11% quarter-over-quarter.
- 4 funds opened new Electrum Special Acquisition Corporation positions in Q4 2016 and 2 closed out, a net change of +2 holders.
- The largest Electrum Special Acquisition Corporation buyer in Q4 2016 was Polar Asset Management Partners, an estimated $2.26M added.
- The largest Electrum Special Acquisition Corporation seller in Q4 2016 was Glazer Capital LLC, an estimated $1.68M sold.
Based on aggregated 13F filings for Q4 2016.