Figure Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant
FACA.U
FACA.U was delisted on the 29th of December, 2022.
35 hedge funds and large institutions have $54M invested in Figure Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant in 2021 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 13 reducing their positions, and 11 closing their positions.
19% less funds holding
Funds holding: 43 → 35 (-8)
30% less capital invested
Capital invested by funds: $77.2M → $54M (-$23.2M)
69% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 13
73% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Harspring Capital Management
New York
|
+$7.76M |
| 2 |
CAC
Cowen and Company
New York
|
+$505K |
| 3 |
Janus Henderson Group
London,
|
+$112K |
| 4 |
JAM
Jacobs Asset Management
New York
|
+$27K |
| 5 |
GCL
Glazer Capital LLC
New York
|
+$13.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$8.83M |
| 2 |
TAM
Toscafund Asset Management
London,
United Kingdom
|
-$4.39M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
-$4.15M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$3.62M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$3.41M |
FACA.U Hedge Fund Activity: Q3 2021 in Review
35 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Figure Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant (FACA.U) for Q3 2021, worth a combined $54M — down 30% from $77.2M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FACA.U and 3 opened new positions — a net loss of 8 holders — while 13 trimmed existing stakes and 4 added.
The largest buyer was Harspring Capital Management, adding an estimated $7.76M. The largest seller was Empyrean Capital Partners, exiting entirely with an estimated $8.83M sold.
- 35 institutional investors held Figure Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant (FACA.U) as of Q3 2021, down from 43 in Q2 2021.
- Funds reported $54M of Figure Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant stock for Q3 2021, down 30% quarter-over-quarter.
- 3 funds opened new Figure Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant positions in Q3 2021 and 11 closed out, a net change of -8 holders.
- The largest Figure Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant buyer in Q3 2021 was Harspring Capital Management, an estimated $7.76M added.
- The largest Figure Acquisition Corp. I Units, each consisting of one share of Class A common stock and one-fourth of one redeemable warrant seller in Q3 2021 was Empyrean Capital Partners, an estimated $8.83M sold.
Based on aggregated 13F filings for Q3 2021.