FG Merger Corp. Unit
FGMCU
FGMCU was delisted on the 25th of August, 2023.
18 hedge funds and large institutions have $17.2M invested in FG Merger Corp. Unit in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 16 closing their positions.
42% less funds holding
Funds holding: 31 → 18 (-13)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
74% less capital invested
Capital invested by funds: $66.4M → $17.2M (-$49.2M)
81% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$243K |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$100K |
| 3 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
+$31.2K |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$151 |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$10 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CH
CVI Holdings
Wilmington,
Delaware
|
-$6.03M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$6.03M |
| 3 |
LA
Linden Advisors
New York
|
-$5.53M |
| 4 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$5.53M |
| 5 |
CCM
Context Capital Management
Lajolla,
California
|
-$3.27M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Two Sigma Investments
New York
| – | -$1.76M | -174,999 | Closed |
|
|
WA
27
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$1M | -100,000 | Closed |
|
|
MSU
28
Mizuho Securities USA
New York
| – | -$936K | -93,643 | Closed |
|
|
EAM
29
Exos Asset Management
New York
| – | -$826K | -82,199 | Closed |
|
|
LCM
30
Lynwood Capital Management
Toronto,
Ontario, Canada
| – | -$503K | -50,000 | Closed |
|
|
WAM
31
Warberg Asset Management
Winnetka,
Illinois
| – | -$250K | -24,879 | Closed |
|
|
SCM
32
Saba Capital Management
New York
| – | -$198K | -19,728 | Closed |
|
|
AA
33
Ancora Advisors
Cleveland,
Ohio
| – | +$10 | +1 | New |
|
|
GCL
34
Glazer Capital LLC
New York
| – | +$151 | +15 | New |
|
FGMCU Hedge Fund Activity: Q2 2022 in Review
18 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in FG Merger Corp. Unit (FGMCU) for Q2 2022, worth a combined $17.2M — down 74% from $66.4M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of FGMCU and 3 opened new positions — a net loss of 13 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Sage Mountain Advisors, opening a new position worth an estimated $243K. The largest seller was CVI Holdings, exiting entirely with an estimated $6.03M sold.
- 18 institutional investors held FG Merger Corp. Unit (FGMCU) as of Q2 2022, down from 31 in Q1 2022.
- Funds reported $17.2M of FG Merger Corp. Unit stock for Q2 2022, down 74% quarter-over-quarter.
- 3 funds opened new FG Merger Corp. Unit positions in Q2 2022 and 16 closed out, a net change of -13 holders.
- The largest FG Merger Corp. Unit buyer in Q2 2022 was Sage Mountain Advisors, an estimated $243K added.
- The largest FG Merger Corp. Unit seller in Q2 2022 was CVI Holdings, an estimated $6.03M sold.
Based on aggregated 13F filings for Q2 2022.