FirstMark Horizon Acquisition Corp. Units, each consisting of one share of Class A common stock and
FMAC.U
FMAC.U was delisted on the 28th of March, 2022.
25 hedge funds and large institutions have $41M invested in FirstMark Horizon Acquisition Corp. Units, each consisting of one share of Class A common stock and in 2021 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 13 reducing their positions, and 30 closing their positions.
51% less funds holding
Funds holding: 51 → 25 (-26)
76% less capital invested
Capital invested by funds: $168M → $41M (-$127M)
87% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 30
92% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$985K |
| 2 |
MS
Maven Securities
St Helier,
Jersey
|
+$871K |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$209K |
| 4 |
DIG
DeepCurrents Investment Group
New York
|
+$88.8K |
| 5 |
PA
Parallel Advisors
San Francisco,
California
|
+$12 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TP
Third Point
New York
|
-$17.1M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$13.7M |
| 3 |
TCIM
TOMS Capital Investment Management
New York
|
-$12.6M |
| 4 |
ECM
Element Capital Management
New York
|
-$11.4M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$11.4M |
FMAC.U Hedge Fund Activity: Q1 2021 in Review
25 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in FirstMark Horizon Acquisition Corp. Units, each consisting of one share of Class A common stock and (FMAC.U) for Q1 2021, worth a combined $41M — down 76% from $168M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of FMAC.U and 4 opened new positions — a net loss of 26 holders — while 13 trimmed existing stakes and 1 added.
The largest buyer was Flow Traders U.S., opening a new position worth an estimated $985K. The largest seller was Third Point, exiting entirely with an estimated $17.1M sold.
- 25 institutional investors held FirstMark Horizon Acquisition Corp. Units, each consisting of one share of Class A common stock and (FMAC.U) as of Q1 2021, down from 51 in Q4 2020.
- Funds reported $41M of FirstMark Horizon Acquisition Corp. Units, each consisting of one share of Class A common stock and stock for Q1 2021, down 76% quarter-over-quarter.
- 4 funds opened new FirstMark Horizon Acquisition Corp. Units, each consisting of one share of Class A common stock and positions in Q1 2021 and 30 closed out, a net change of -26 holders.
- The largest FirstMark Horizon Acquisition Corp. Units, each consisting of one share of Class A common stock and buyer in Q1 2021 was Flow Traders U.S., an estimated $985K added.
- The largest FirstMark Horizon Acquisition Corp. Units, each consisting of one share of Class A common stock and seller in Q1 2021 was Third Point, an estimated $17.1M sold.
Based on aggregated 13F filings for Q1 2021.