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.
53 hedge funds and large institutions have $110M 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 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 14 reducing their positions, and 62 closing their positions.
29% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 14
50% less funds holding
Funds holding: 107 → 53 (-54)
63% less capital invested
Capital invested by funds: $299M → $110M (-$189M)
85% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 62
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ZCA
Zeke Capital Advisors
Berwyn,
Pennsylvania
|
+$12M |
| 2 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$7.81M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$4.77M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$4.45M |
| 5 |
SRF
Silver Rock Financial
Los Angeles,
California
|
+$2.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$19.9M |
| 2 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
-$16.3M |
| 3 |
SC
Sculptor Capital
New York
|
-$12.5M |
| 4 |
FCM
Farallon Capital Management
San Francisco,
California
|
-$12.4M |
| 5 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
-$12.4M |
FRXB.U Hedge Fund Activity: Q2 2021 in Review
53 of the 5,767 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 Q2 2021, worth a combined $110M — down 63% from $299M a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of FRXB.U and 9 opened new positions — a net loss of 53 holders — while 14 trimmed existing stakes and 10 added.
The largest buyer was Zeke Capital Advisors, opening a new position worth an estimated $12M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $19.9M sold.
- 53 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 Q2 2021, down from 107 in Q1 2021.
- Funds reported $110M 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 Q2 2021, down 63% quarter-over-quarter.
- 9 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 Q2 2021 and 62 closed out, a net change of -53 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 Q2 2021 was Zeke Capital Advisors, an estimated $12M 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 Q2 2021 was HG Vora Capital Management, an estimated $19.9M sold.
Based on aggregated 13F filings for Q2 2021.