FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one
FGNA.U
FGNA.U was delisted on the 20th of July, 2021.
37 hedge funds and large institutions have $64.7M invested in FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one in 2020 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 4 increasing their positions, 17 reducing their positions, and 25 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
24% less funds holding
Funds holding: 49 → 37 (-12)
48% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 25
68% less capital invested
Capital invested by funds: $204M → $64.7M (-$139M)
76% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$8.35M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$1.02M |
| 3 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$816K |
| 4 |
RA
Ramius Advisors
New York
|
+$509K |
| 5 |
HF
HRT Financial
New York
|
+$493K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Linden Advisors
New York
|
-$22.5M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$21.1M |
| 3 |
Blackstone Inc
New York
|
-$11.2M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$8.76M |
| 5 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$8.51M |
FGNA.U Hedge Fund Activity: Q4 2020 in Review
37 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one (FGNA.U) for Q4 2020, worth a combined $64.7M — down 68% from $204M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of FGNA.U and 13 opened new positions — a net loss of 12 holders — while 17 trimmed existing stakes and 4 added.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $8.35M. The largest seller was Linden Advisors, exiting entirely with an estimated $22.5M sold.
- 37 institutional investors held FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one (FGNA.U) as of Q4 2020, down from 49 in Q3 2020.
- Funds reported $64.7M of FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one stock for Q4 2020, down 68% quarter-over-quarter.
- 13 funds opened new FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one positions in Q4 2020 and 25 closed out, a net change of -12 holders.
- The largest FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one buyer in Q4 2020 was Karpus Investment Management, an estimated $8.35M added.
- The largest FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one seller in Q4 2020 was Linden Advisors, an estimated $22.5M sold.
Based on aggregated 13F filings for Q4 2020.