ESM Acquisition Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
ESM.U
ESM.U was delisted on the 9th of March, 2023.
56 hedge funds and large institutions have $124M invested in ESM Acquisition Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 12 increasing their positions, 18 reducing their positions, and 42 closing their positions.
33% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 18
40% less funds holding
Funds holding: 94 → 56 (-38)
60% less capital invested
Capital invested by funds: $310M → $124M (-$186M)
90% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 42
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
+$2.5M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.71M |
| 4 |
SRF
Silver Rock Financial
Los Angeles,
California
|
+$1.42M |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
+$1.42M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$41.1M |
| 2 |
SC
Sculptor Capital
New York
|
-$17.7M |
| 3 |
GL
Governors Lane
New York
|
-$8.95M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$8.95M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$8.95M |
ESM.U Hedge Fund Activity: Q2 2021 in Review
56 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in ESM Acquisition Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant (ESM.U) for Q2 2021, worth a combined $124M — down 60% from $310M a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of ESM.U and 4 opened new positions — a net loss of 38 holders — while 18 trimmed existing stakes and 12 added.
The largest buyer was P. Schoenfeld Asset Management (PSAM), opening a new position worth an estimated $2.5M. The largest seller was Credit Suisse, exiting entirely with an estimated $41.1M sold.
- 56 institutional investors held ESM Acquisition Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant (ESM.U) as of Q2 2021, down from 94 in Q1 2021.
- Funds reported $124M of ESM Acquisition Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant stock for Q2 2021, down 60% quarter-over-quarter.
- 4 funds opened new ESM Acquisition Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant positions in Q2 2021 and 42 closed out, a net change of -38 holders.
- The largest ESM Acquisition Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant buyer in Q2 2021 was P. Schoenfeld Asset Management (PSAM), an estimated $2.5M added.
- The largest ESM Acquisition Corporation Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant seller in Q2 2021 was Credit Suisse, an estimated $41.1M sold.
Based on aggregated 13F filings for Q2 2021.