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.
9 hedge funds and large institutions have $4.48M invested in FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one in 2021 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 4 reducing their positions, and 30 closing their positions.
76% less funds holding
Funds holding: 37 → 9 (-28)
93% less capital invested
Capital invested by funds: $64.7M → $4.48M (-$60.2M)
93% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 30
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$1.93M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.42K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$8.71M |
| 2 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$6.51M |
| 3 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$6.19M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$5.9M |
| 5 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$5.31M |
FGNA.U Hedge Fund Activity: Q1 2021 in Review
9 of the 5,711 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 Q1 2021, worth a combined $4.48M — down 93% from $64.7M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of FGNA.U and 2 opened new positions — a net loss of 28 holders — while 4 trimmed existing stakes and 0 added.
The largest buyer was Emerald Mutual Fund Advisers Trust, opening a new position worth an estimated $1.93M. The largest seller was Karpus Investment Management, exiting entirely with an estimated $8.71M sold.
- 9 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 Q1 2021, down from 37 in Q4 2020.
- Funds reported $4.48M of FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one stock for Q1 2021, down 93% quarter-over-quarter.
- 2 funds opened new FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one positions in Q1 2021 and 30 closed out, a net change of -28 holders.
- The largest FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one buyer in Q1 2021 was Emerald Mutual Fund Advisers Trust, an estimated $1.93M added.
- The largest FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one seller in Q1 2021 was Karpus Investment Management, an estimated $8.71M sold.
Based on aggregated 13F filings for Q1 2021.