E.Merge Technology Acquisition Corp. Class A Common Stock
ETAC
ETAC was delisted on the 2nd of September, 2022.
91 hedge funds and large institutions have $465M invested in E.Merge Technology Acquisition Corp. Class A Common Stock in 2022 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 24 increasing their positions, 22 reducing their positions, and 28 closing their positions.
37% more call options, than puts
Call options by funds: $2.85M | Put options by funds: $2.08M
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
9% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 22
11.27% less ownership
Funds ownership: 87.71% → 76.43% (-11%)
12% less capital invested
Capital invested by funds: $531M → $465M (-$65.6M)
15% less funds holding
Funds holding: 107 → 91 (-16)
54% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$23.5M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$13.9M |
| 3 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$3.26M |
| 4 |
SCM
Springhouse Capital Management
Westport,
Connecticut
|
+$3.13M |
| 5 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$3.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$33.6M |
| 2 |
LA
Linden Advisors
New York
|
-$14.9M |
| 3 |
SV
Starboard Value
New York
|
-$14.3M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$13.2M |
| 5 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$9.9M |
ETAC Hedge Fund Activity: Q2 2022 in Review
91 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in E.Merge Technology Acquisition Corp. Class A Common Stock (ETAC) for Q2 2022, worth a combined $465M — down 12% from $531M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of ETAC and 13 opened new positions — a net loss of 15 holders — while 22 trimmed existing stakes and 24 added.
The largest buyer was Magnetar Financial, adding an estimated $23.5M. The largest seller was Aristeia Capital, exiting entirely with an estimated $33.6M sold.
- 91 institutional investors held E.Merge Technology Acquisition Corp. Class A Common Stock (ETAC) as of Q2 2022, down from 107 in Q1 2022.
- Funds reported $465M of E.Merge Technology Acquisition Corp. Class A Common Stock stock for Q2 2022, down 12% quarter-over-quarter.
- 13 funds opened new E.Merge Technology Acquisition Corp. Class A Common Stock positions in Q2 2022 and 28 closed out, a net change of -15 holders.
- The largest E.Merge Technology Acquisition Corp. Class A Common Stock buyer in Q2 2022 was Magnetar Financial, an estimated $23.5M added.
- The largest E.Merge Technology Acquisition Corp. Class A Common Stock seller in Q2 2022 was Aristeia Capital, an estimated $33.6M sold.
Based on aggregated 13F filings for Q2 2022.