Electrum Special Acquisition Corporation
ELEC
ELEC was delisted on the 29th of May, 2018.
18 hedge funds and large institutions have $113M invested in Electrum Special Acquisition Corporation in 2018 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 6 closing their positions.
6% less capital invested
Capital invested by funds: $120M → $113M (-$6.69M)
25% less funds holding
Funds holding: 24 → 18 (-6)
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSU
Mizuho Securities USA
New York
|
+$7.41M |
| 2 |
CFIC
City Financial Investment Company
London,
United Kingdom
|
+$254K |
| 3 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$51.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$4.55M |
| 2 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$3.09M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$3.01M |
| 4 |
VOAM
Vertex One Asset Management
Vancouver,
British Columbia, Canada
|
-$2.42M |
| 5 |
CI
Cowen Inc
New York
|
-$702K |
ELEC Hedge Fund Activity: Q1 2018 in Review
18 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Electrum Special Acquisition Corporation (ELEC) for Q1 2018, worth a combined $113M — down 5.6% from $120M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of ELEC and 0 opened new positions — a net loss of 6 holders — while 5 trimmed existing stakes and 3 added.
The largest buyer was Mizuho Securities USA, adding an estimated $7.41M. The largest seller was Glazer Capital LLC, cutting an estimated $4.55M.
- 18 institutional investors held Electrum Special Acquisition Corporation (ELEC) as of Q1 2018, down from 24 in Q4 2017.
- Funds reported $113M of Electrum Special Acquisition Corporation stock for Q1 2018, down 5.6% quarter-over-quarter.
- 0 funds opened new Electrum Special Acquisition Corporation positions in Q1 2018 and 6 closed out, a net change of -6 holders.
- The largest Electrum Special Acquisition Corporation buyer in Q1 2018 was Mizuho Securities USA, an estimated $7.41M added.
- The largest Electrum Special Acquisition Corporation seller in Q1 2018 was Glazer Capital LLC, an estimated $4.55M sold.
Based on aggregated 13F filings for Q1 2018.