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FMCIU

Forum Merger II Corporation Unit
FMCIU

Delisted

FMCIU was delisted on the 13th of October, 2020.

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18 hedge funds and large institutions have $38.9M invested in Forum Merger II Corporation Unit in 2019 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

22% less funds holding

Funds holding: 23 → 18 (-5)

26% less capital invested

Capital invested by funds: $52.2M → $38.9M (-$13.4M)

60% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 5

83% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 6

Holders
18
Holders Change
-5
Holders Change %
-21.74%
% of All Funds
0.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
2
Reduced
5
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CCM
Context Capital Management
California
+$3.45M
2
VOAM
Vertex One Asset Management
British Columbia, Canada
+$563K
3
PC
Periscope Capital
Ontario, Canada
+$103K

Top Sellers

Rank Fund Capital Flow
1
GCIA
Gabelli & Co Investment Advisers
New York
-$3.73M
2
GCL
Glazer Capital LLC
New York
-$3.06M
3
GF
Gabelli Funds
New York
-$2.29M
4
BI
Bulldog Investors
New Jersey
-$2.01M
5
CI
Cowen Inc
New York
-$1.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
CI
1
Cowen Inc
New York
$5.29M -$1.48M -144,118 -22%
OCAM
2
Owl Creek Asset Management
New York
$5.17M – – –
PC
3
Periscope Capital
Ontario, Canada
$3.75M +$103K +10,000 +3%
KPF
4
K2 Principal Fund
Ontario, Canada
$3.36M -$770K -75,000 -19%
AIMCA
5
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$3.09M – – –
Deutsche Bank
6
Deutsche Bank
Germany
$2.58M – – –
BCM
7
Basso Capital Management
Connecticut
$2.07M – – –
Hudson Bay Capital Management
8
Hudson Bay Capital Management
Connecticut
$2.07M – – –
MAM
9
Myriad Asset Management
Hong Kong
$2.06M – – –
CCA
10
Castle Creek Arbitrage
Colorado
$1.67M – – –
VOAM
11
Vertex One Asset Management
British Columbia, Canada
$1.59M +$563K +54,800 +55%
GCL
12
Glazer Capital LLC
New York
$1.42M -$3.06M -297,875 -68%
YCM
13
Yakira Capital Management
Connecticut
$1.24M – – –
LIM
14
Longfellow Investment Management
Massachusetts
$1.22M -$659K -64,193 -35%
Walleye Trading
15
Walleye Trading
New York
$920K -$170K -16,568 -16%
JG
16
Jefferies Group
New York
$828K – – –
WAM
17
Wolverine Asset Management
Illinois
$517K – – –
CCM
18
Context Capital Management
California
$3.48K +$3.45M +336,115 New
GCIA
19
Gabelli & Co Investment Advisers
New York
– -$3.73M -368,900 Closed
GF
20
Gabelli Funds
New York
– -$2.29M -225,850 Closed
BI
21
Bulldog Investors
New Jersey
– -$2.01M -198,743 Closed
AFS
22
Amtrust Financial Services
New York
– -$506K -50,000 Closed
LCS
23
Levin Capital Strategies
New York
– -$146K -14,415 Closed
GI
24
GAMCO Investors
Connecticut
– -$130K -12,850 Closed

FMCIU Hedge Fund Activity: Q1 2019 in Review

18 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Forum Merger II Corporation Unit (FMCIU) for Q1 2019, worth a combined $38.9M — down 26% from $52.2M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of FMCIU and 1 opened new positions — a net loss of 5 holders — while 5 trimmed existing stakes and 2 added.

The largest buyer was Context Capital Management, opening a new position worth an estimated $3.45M. The largest seller was Gabelli & Co Investment Advisers, exiting entirely with an estimated $3.73M sold.

  • 18 institutional investors held Forum Merger II Corporation Unit (FMCIU) as of Q1 2019, down from 23 in Q4 2018.
  • Funds reported $38.9M of Forum Merger II Corporation Unit stock for Q1 2019, down 26% quarter-over-quarter.
  • 1 fund opened new Forum Merger II Corporation Unit positions in Q1 2019 and 6 closed out, a net change of -5 holders.
  • The largest Forum Merger II Corporation Unit buyer in Q1 2019 was Context Capital Management, an estimated $3.45M added.
  • The largest Forum Merger II Corporation Unit seller in Q1 2019 was Gabelli & Co Investment Advisers, an estimated $3.73M sold.

Based on aggregated 13F filings for Q1 2019.