FG Merger Corp. Unit
FGMCU
FGMCU was delisted on the 25th of August, 2023.
7 hedge funds and large institutions have $1.87M invested in FG Merger Corp. Unit in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 7 closing their positions.
50% less funds holding
Funds holding: 14 → 7 (-7)
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
80% less capital invested
Capital invested by funds: $9.31M → $1.87M (-$7.44M)
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$357K |
| 2 |
VF
Virtu Financial
New York
|
+$196K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$5.09M |
| 2 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$1.03M |
| 3 |
PCM
Prelude Capital Management
New York
|
-$408K |
| 4 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
-$260K |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$112K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CL
1
CSS LLC
Chicago,
Illinois
| $741K | – | – | – |
|
|
GCL
2
Glazer Capital LLC
New York
| $361K | +$357K | +34,440 | +16,019% |
|
|
CSS
3
Cubist Systematic Strategies
Stamford,
Connecticut
| $349K | -$112K | -10,760 | -24% |
|
|
YCM
4
Yakira Capital Management
Westport,
Connecticut
| $219K | – | – | – |
|
|
VF
5
Virtu Financial
New York
| $197K | +$196K | +18,946 | New |
|
|
TRCT
6
Tower Research Capital (TRC)
New York
| $1K | -$1.04K | -100 | -50% |
|
|
CS
7
Clear Street
New York
| $73 | -$12.1K | -1,165 | -99% |
|
|
RCM
8
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$5.09M | -500,000 | Closed |
|
|
SIA
9
Schechter Investment Advisors
Birmingham,
Michigan
| – | -$1.03M | -101,038 | Closed |
|
|
PCM
10
Prelude Capital Management
New York
| – | -$408K | -40,000 | Closed |
|
|
CCM
11
Condor Capital Management
Martinsville,
New Jersey
| – | -$260K | -25,534 | Closed |
|
|
WAM
12
Wolverine Asset Management
Chicago,
Illinois
| – | -$13.8K | -1,354 | Closed |
|
13
UBS Group
Zurich,
Switzerland
| – | -$13.4K | -1,314 | Closed |
|
FGMCU Hedge Fund Activity: Q1 2023 in Review
7 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in FG Merger Corp. Unit (FGMCU) for Q1 2023, worth a combined $1.87M — down 80% from $9.31M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FGMCU and 1 opened new positions — a net loss of 6 holders — while 3 trimmed existing stakes and 1 added.
The largest buyer was Glazer Capital LLC, adding an estimated $357K. The largest seller was Rivernorth Capital Management, exiting entirely with an estimated $5.09M sold.
- 7 institutional investors held FG Merger Corp. Unit (FGMCU) as of Q1 2023, down from 14 in Q4 2022.
- Funds reported $1.87M of FG Merger Corp. Unit stock for Q1 2023, down 80% quarter-over-quarter.
- 1 fund opened new FG Merger Corp. Unit positions in Q1 2023 and 7 closed out, a net change of -6 holders.
- The largest FG Merger Corp. Unit buyer in Q1 2023 was Glazer Capital LLC, an estimated $357K added.
- The largest FG Merger Corp. Unit seller in Q1 2023 was Rivernorth Capital Management, an estimated $5.09M sold.
Based on aggregated 13F filings for Q1 2023.