Fortress Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant
FCAX.U
FCAX.U was delisted on the 13th of January, 2023.
30 hedge funds and large institutions have $15.1M invested in Fortress Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 8 closing their positions.
14% less funds holding
Funds holding: 35 → 30 (-5)
47% less capital invested
Capital invested by funds: $28.2M → $15.1M (-$13.1M)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$700K |
| 2 |
VF
Virtu Financial
New York
|
+$196K |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$102K |
| 4 |
Jane Street
New York
|
+$16K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$7.28K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$2.3M |
| 2 |
GC
Gillson Capital
Chicago,
Illinois
|
-$1.74M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
-$1.09M |
| 4 |
JP Morgan Chase
New York
|
-$1.09M |
| 5 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$705K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $35K | – | – | – |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| $29K | – | – | – |
|
|
28
UBS Group
Zurich,
Switzerland
| $21K | +$7.28K | +737 | +54% |
|
|
MF
29
Magnetar Financial
Evanston,
Illinois
| $5.4K | -$2.3M | -232,470 | -30% |
|
|
CCM
30
Condor Capital Management
Martinsville,
New Jersey
| $2K | – | – | – |
|
|
GC
31
Gillson Capital
Chicago,
Illinois
| – | -$1.74M | -174,960 | Closed |
|
|
32
Parallax Volatility Advisers
San Francisco,
California
| – | -$1.09M | -110,159 | Closed |
|
|
33
JP Morgan Chase
New York
| – | -$1.09M | -109,708 | Closed |
|
|
OCAM
34
Owl Creek Asset Management
New York
| – | -$497K | -50,000 | Closed |
|
|
ECM
35
ExodusPoint Capital Management
New York
| – | -$476K | -47,900 | Closed |
|
36
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$239K | -24,069 | Closed |
|
37
Morgan Stanley
New York
| – | -$8K | -812 | Closed |
|
FCAX.U Hedge Fund Activity: Q2 2022 in Review
30 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Fortress Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant (FCAX.U) for Q2 2022, worth a combined $15.1M — down 47% from $28.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FCAX.U and 3 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $700K. The largest seller was Magnetar Financial, cutting an estimated $2.3M.
- 30 institutional investors held Fortress Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant (FCAX.U) as of Q2 2022, down from 35 in Q1 2022.
- Funds reported $15.1M of Fortress Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant stock for Q2 2022, down 47% quarter-over-quarter.
- 3 funds opened new Fortress Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant positions in Q2 2022 and 8 closed out, a net change of -5 holders.
- The largest Fortress Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant buyer in Q2 2022 was Rivernorth Capital Management, an estimated $700K added.
- The largest Fortress Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant seller in Q2 2022 was Magnetar Financial, an estimated $2.3M sold.
Based on aggregated 13F filings for Q2 2022.