Fortress Value Acquisition Corp. II Units, each consisting of one share of Class A common stock and
FAII.U
FAII.U was delisted on the 16th of June, 2021.
39 hedge funds and large institutions have $83.7M invested in Fortress Value Acquisition Corp. II Units, each consisting of one share of Class A common stock and in 2020 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 3 increasing their positions, 13 reducing their positions, and 41 closing their positions.
47% less funds holding
Funds holding: 73 → 39 (-34)
70% less capital invested
Capital invested by funds: $275M → $83.7M (-$191M)
77% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 13
83% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$647K |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
+$367K |
| 3 |
MS
Maven Securities
St Helier,
Jersey
|
+$260K |
| 4 |
VF
Virtu Financial
New York
|
+$194K |
| 5 |
Rockefeller Capital Management
New York
|
+$22.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Moore Capital Management
New York
|
-$15.4M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$15.4M |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$11.3M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$11.3M |
| 5 |
TAL
TIG Advisors LLC
New York
|
-$10.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Bank of America
Charlotte,
North Carolina
| – | -$258K | -25,000 | Closed |
|
|
NAM
77
Nexpoint Asset Management
Dallas,
Texas
| – | -$129K | -12,500 | Closed |
|
|
LCS
78
Levin Capital Strategies
New York
| – | -$113K | -11,000 | Closed |
|
|
BI
79
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$103K | -10,000 | Closed |
|
|
PAM
80
Panagora Asset Management
Boston,
Massachusetts
| – | -$83K | -8,023 | Closed |
|
FAII.U Hedge Fund Activity: Q4 2020 in Review
39 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Fortress Value Acquisition Corp. II Units, each consisting of one share of Class A common stock and (FAII.U) for Q4 2020, worth a combined $83.7M — down 70% from $275M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of FAII.U and 7 opened new positions — a net loss of 34 holders — while 13 trimmed existing stakes and 3 added.
The largest buyer was Aristeia Capital, adding an estimated $647K. The largest seller was Moore Capital Management, exiting entirely with an estimated $15.4M sold.
- 39 institutional investors held Fortress Value Acquisition Corp. II Units, each consisting of one share of Class A common stock and (FAII.U) as of Q4 2020, down from 73 in Q3 2020.
- Funds reported $83.7M of Fortress Value Acquisition Corp. II Units, each consisting of one share of Class A common stock and stock for Q4 2020, down 70% quarter-over-quarter.
- 7 funds opened new Fortress Value Acquisition Corp. II Units, each consisting of one share of Class A common stock and positions in Q4 2020 and 41 closed out, a net change of -34 holders.
- The largest Fortress Value Acquisition Corp. II Units, each consisting of one share of Class A common stock and buyer in Q4 2020 was Aristeia Capital, an estimated $647K added.
- The largest Fortress Value Acquisition Corp. II Units, each consisting of one share of Class A common stock and seller in Q4 2020 was Moore Capital Management, an estimated $15.4M sold.
Based on aggregated 13F filings for Q4 2020.