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 17 closing their positions.
44% less funds holding
Funds holding: 32 → 18 (-14)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
75% less capital invested
Capital invested by funds: $69M → $17.2M (-$51.8M)
82% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 17
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 |
FGMCU Hedge Fund Activity: Q2 2022 in Review
18 of the 5,959 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 75% from $69M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of FGMCU and 3 opened new positions — a net loss of 14 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 32 in Q1 2022.
- Funds reported $17.2M of FG Merger Corp. Unit stock for Q2 2022, down 75% quarter-over-quarter.
- 3 funds opened new FG Merger Corp. Unit positions in Q2 2022 and 17 closed out, a net change of -14 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.