Equity Distribution Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-third of one redeemable warrant
EQD.U
EQD.U was delisted on the 16th of September, 2022.
51 hedge funds and large institutions have $144M invested in Equity Distribution Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-third of one redeemable warrant in 2020 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 9 increasing their positions, 21 reducing their positions, and 32 closing their positions.
29% less funds holding
Funds holding: 72 → 51 (-21)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
57% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 21
60% less capital invested
Capital invested by funds: $359M → $144M (-$215M)
63% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$10.5M |
| 2 |
AFM
Anson Funds Management
Dallas,
Texas
|
+$9.02M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$8.76M |
| 4 |
VF
Virtu Financial
New York
|
+$3.41M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$2.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWG
Alpha Wave Global
New York
|
-$55M |
| 2 |
Millennium Management
New York
|
-$13M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$12.5M |
| 4 |
LA
Linden Advisors
New York
|
-$12.4M |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$12.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IC
76
IEQ Capital
Foster City,
California
| – | -$1.03M | -100,000 | Closed |
|
77
Squarepoint
New York
| – | -$1.03M | -100,000 | Closed |
|
|
WRBC
78
W.R. Berkley Corp
Greenwich,
Connecticut
| – | -$1.02M | -99,391 | Closed |
|
|
DAM
79
Deltec Asset Management
New York
| – | -$515K | -50,001 | Closed |
|
|
DCM
80
Dupont Capital Management
Wilmington,
Delaware
| – | -$515K | -49,998 | -100% |
|
|
EIP
81
Easterly Investment Partners
Beverly,
Massachusetts
| – | -$309K | -30,000 | Closed |
|
82
CI Investments Inc
Toronto,
Ontario, Canada
| – | -$169K | -16,400 | Closed |
|
|
GCL
83
Glazer Capital LLC
New York
| – | -$147K | -14,300 | Closed |
|
EQD.U Hedge Fund Activity: Q4 2020 in Review
51 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Equity Distribution Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-third of one redeemable warrant (EQD.U) for Q4 2020, worth a combined $144M — down 60% from $359M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of EQD.U and 12 opened new positions — a net loss of 20 holders — while 21 trimmed existing stakes and 9 added.
The largest buyer was Aristeia Capital, adding an estimated $10.5M. The largest seller was Alpha Wave Global, exiting entirely with an estimated $55M sold.
- 51 institutional investors held Equity Distribution Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-third of one redeemable warrant (EQD.U) as of Q4 2020, down from 72 in Q3 2020.
- Funds reported $144M of Equity Distribution Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-third of one redeemable warrant stock for Q4 2020, down 60% quarter-over-quarter.
- 12 funds opened new Equity Distribution Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-third of one redeemable warrant positions in Q4 2020 and 32 closed out, a net change of -20 holders.
- The largest Equity Distribution Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-third of one redeemable warrant buyer in Q4 2020 was Aristeia Capital, an estimated $10.5M added.
- The largest Equity Distribution Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-third of one redeemable warrant seller in Q4 2020 was Alpha Wave Global, an estimated $55M sold.
Based on aggregated 13F filings for Q4 2020.