Forest Road Acquisition Corp. II Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
FRXB.U
FRXB.U was delisted on the 12th of December, 2023.
42 hedge funds and large institutions have $65M invested in Forest Road Acquisition Corp. II Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant in 2021 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 8 reducing their positions, and 14 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 8
21% less funds holding
Funds holding: 53 → 42 (-11)
37% less capital invested
Capital invested by funds: $103M → $65M (-$38M)
79% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$7.14M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
+$573K |
| 3 |
PCM
Prelude Capital Management
New York
|
+$497K |
| 4 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$430K |
| 5 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$355K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZCA
Zeke Capital Advisors
Berwyn,
Pennsylvania
|
-$12M |
| 2 |
Millennium Management
New York
|
-$8.87M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$7.53M |
| 4 |
Allianz Asset Management
Munich,
Germany
|
-$5.27M |
| 5 |
GCL
Glazer Capital LLC
New York
|
-$5.13M |
FRXB.U Hedge Fund Activity: Q3 2021 in Review
42 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Forest Road Acquisition Corp. II Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant (FRXB.U) for Q3 2021, worth a combined $65M — down 37% from $103M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FRXB.U and 3 opened new positions — a net loss of 11 holders — while 8 trimmed existing stakes and 9 added.
The largest buyer was First Pacific Advisors, adding an estimated $7.14M. The largest seller was Zeke Capital Advisors, exiting entirely with an estimated $12M sold.
- 42 institutional investors held Forest Road Acquisition Corp. II Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant (FRXB.U) as of Q3 2021, down from 53 in Q2 2021.
- Funds reported $65M of Forest Road Acquisition Corp. II Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant stock for Q3 2021, down 37% quarter-over-quarter.
- 3 funds opened new Forest Road Acquisition Corp. II Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant positions in Q3 2021 and 14 closed out, a net change of -11 holders.
- The largest Forest Road Acquisition Corp. II Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant buyer in Q3 2021 was First Pacific Advisors, an estimated $7.14M added.
- The largest Forest Road Acquisition Corp. II Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant seller in Q3 2021 was Zeke Capital Advisors, an estimated $12M sold.
Based on aggregated 13F filings for Q3 2021.