FG Merger Corp. Common Stock
FGMC
FGMC was delisted on the 25th of August, 2023.
34 hedge funds and large institutions have $74.7M invested in FG Merger Corp. Common Stock in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
25% more capital invested
Capital invested by funds: $59.9M → $74.7M (+$14.7M)
10% more funds holding
Funds holding: 31 → 34 (+3)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$5.17M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$4.6M |
| 3 |
AMC
Atlas Merchant Capital
New York
|
+$2.7M |
| 4 |
RL
RPO LLC
Stamford,
Connecticut
|
+$2.59M |
| 5 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$2.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$3.06M |
| 2 |
CM
Crestline Management
Fort Worth,
Texas
|
-$1.07M |
| 3 |
E
Ergoteles
New York
|
-$352K |
| 4 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$150K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$94.8K |
FGMC Hedge Fund Activity: Q1 2023 in Review
34 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in FG Merger Corp. Common Stock (FGMC) for Q1 2023, worth a combined $74.7M — up 25% from $59.9M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new FGMC positions and 4 closed out — a net gain of 3 holders — while 5 added to existing stakes and 5 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $5.17M. The largest seller was Mangrove Partners, exiting entirely with an estimated $3.06M sold.
- 34 institutional investors held FG Merger Corp. Common Stock (FGMC) as of Q1 2023, up from 31 in Q4 2022.
- Funds reported $74.7M of FG Merger Corp. Common Stock stock for Q1 2023, up 25% quarter-over-quarter.
- 7 funds opened new FG Merger Corp. Common Stock positions in Q1 2023 and 4 closed out, a net change of +3 holders.
- The largest FG Merger Corp. Common Stock buyer in Q1 2023 was Rivernorth Capital Management, an estimated $5.17M added.
- The largest FG Merger Corp. Common Stock seller in Q1 2023 was Mangrove Partners, an estimated $3.06M sold.
Based on aggregated 13F filings for Q1 2023.