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.
12 hedge funds and large institutions have $10M 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 2022 Q4 according to their latest regulatory filings, with funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 11 closing their positions.
48% less funds holding
Funds holding: 23 → 12 (-11)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
71% less capital invested
Capital invested by funds: $34.4M → $10M (-$24.4M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Clear Street
New York
|
+$27.4K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$15K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPA
First Pacific Advisors
El Segundo,
California
|
-$14.7M |
| 2 |
TAL
TIG Advisors LLC
New York
|
-$3.62M |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$1.97M |
| 4 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$1.53M |
| 5 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$1.41M |
FRXB.U Hedge Fund Activity: Q4 2022 in Review
12 of the 6,221 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 Q4 2022, worth a combined $10M — down 71% from $34.4M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FRXB.U and 0 opened new positions — a net loss of 11 holders — while 4 trimmed existing stakes and 2 added.
The largest buyer was Clear Street, adding an estimated $27.4K. The largest seller was First Pacific Advisors, exiting entirely with an estimated $14.7M sold.
- 12 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 Q4 2022, down from 23 in Q3 2022.
- Funds reported $10M 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 Q4 2022, down 71% quarter-over-quarter.
- 0 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 Q4 2022 and 11 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 Q4 2022 was Clear Street, an estimated $27.4K 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 Q4 2022 was First Pacific Advisors, an estimated $14.7M sold.
Based on aggregated 13F filings for Q4 2022.