Electrum Special Acquisition Corporation
ELECU
ELECU was delisted on the 31st of May, 2018.
19 hedge funds and large institutions have $85.3M invested in Electrum Special Acquisition Corporation in 2015 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 12 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 2
37% less funds holding
Funds holding: 30 → 19 (-11)
51% less capital invested
Capital invested by funds: $174M → $85.3M (-$89M)
92% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCS
Levin Capital Strategies
New York
|
+$2.13M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$201K |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$151K |
| 5 |
GCL
Glazer Capital LLC
New York
|
+$120K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$11M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$11M |
| 3 |
6CM
683 Capital Management
New York
|
-$10M |
| 4 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
-$10M |
| 5 |
SCM
Steadfast Capital Management
New York
|
-$9.61M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$8.02M | -800,000 | Closed |
|
|
HHC
27
Hutchin Hill Capital
New York
| – | -$6.13M | -612,000 | Closed |
|
|
PAMP
28
Polar Asset Management Partners
Toronto,
Ontario, Canada
| – | -$5.51M | -550,000 | Closed |
|
29
Capstone Investment Advisors
New York
| – | -$5.01M | -500,000 | Closed |
|
|
SC
30
Sculptor Capital
New York
| – | -$4.5M | -449,399 | Closed |
|
|
SA
31
Steadfast Advisors
New York
| – | -$407K | -40,645 | Closed |
|
ELECU Hedge Fund Activity: Q3 2015 in Review
19 of the 3,583 institutional investors tracked by Wall St. Rank reported a position in Electrum Special Acquisition Corporation (ELECU) for Q3 2015, worth a combined $85.3M — down 51% from $174M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of ELECU and 1 opened new positions — a net loss of 11 holders — while 2 trimmed existing stakes and 5 added.
The largest buyer was Levin Capital Strategies, adding an estimated $2.13M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $11M sold.
- 19 institutional investors held Electrum Special Acquisition Corporation (ELECU) as of Q3 2015, down from 30 in Q2 2015.
- Funds reported $85.3M of Electrum Special Acquisition Corporation stock for Q3 2015, down 51% quarter-over-quarter.
- 1 fund opened new Electrum Special Acquisition Corporation positions in Q3 2015 and 12 closed out, a net change of -11 holders.
- The largest Electrum Special Acquisition Corporation buyer in Q3 2015 was Levin Capital Strategies, an estimated $2.13M added.
- The largest Electrum Special Acquisition Corporation seller in Q3 2015 was AQR Arbitrage, an estimated $11M sold.
Based on aggregated 13F filings for Q3 2015.