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.
3 hedge funds and large institutions have $373K 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 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 1 reducing their positions, and 11 closing their positions.
75% less funds holding
Funds holding: 12 → 3 (-9)
82% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 11
96% less capital invested
Capital invested by funds: $10M → $373K (-$9.63M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$331K |
| 2 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$22.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$3.02M |
| 2 |
CHP
Castle Hook Partners
New York
|
-$3.02M |
| 3 |
Millennium Management
New York
|
-$1.48M |
| 4 |
HF
HRT Financial
New York
|
-$754K |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$503K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LIM
1
Longfellow Investment Management
Boston,
Massachusetts
| $329K | +$331K | +32,891 | New |
|
|
CS
2
Clear Street
New York
| $22.3K | -$114K | -11,308 | -84% |
|
|
SFM
3
Spartan Fund Management
Toronto, Ontario,
Canada
| $22.1K | +$22.3K | +2,213 | New |
|
|
4
Jane Street
New York
| – | -$3.02M | -300,537 | Closed |
|
|
CHP
5
Castle Hook Partners
New York
| – | -$3.02M | -300,000 | Closed |
|
|
6
Millennium Management
New York
| – | -$1.48M | -147,550 | Closed |
|
|
HF
7
HRT Financial
New York
| – | -$754K | -75,000 | Closed |
|
|
BFM
8
Boothbay Fund Management
New York
| – | -$503K | -50,000 | Closed |
|
9
Walleye Capital
New York
| – | -$406K | -40,379 | Closed |
|
10
Walleye Trading
New York
| – | -$297K | -29,561 | Closed |
|
11
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$268K | -26,636 | Closed |
|
|
GCL
12
Glazer Capital LLC
New York
| – | -$108K | -10,760 | Closed |
|
13
UBS Group
Zurich,
Switzerland
| – | -$9.21K | -915 | Closed |
|
|
SC
14
Sculptor Capital
New York
| – | -$120 | -12 | Closed |
|
FRXB.U Hedge Fund Activity: Q1 2023 in Review
3 of the 6,275 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 Q1 2023, worth a combined $373K — down 96% from $10M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of FRXB.U and 2 opened new positions — a net loss of 9 holders — while 1 trimmed existing stakes and 0 added.
The largest buyer was Longfellow Investment Management, opening a new position worth an estimated $331K. The largest seller was Jane Street, exiting entirely with an estimated $3.02M sold.
- 3 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 Q1 2023, down from 12 in Q4 2022.
- Funds reported $373K 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 Q1 2023, down 96% quarter-over-quarter.
- 2 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 Q1 2023 and 11 closed out, a net change of -9 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 Q1 2023 was Longfellow Investment Management, an estimated $331K 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 Q1 2023 was Jane Street, an estimated $3.02M sold.
Based on aggregated 13F filings for Q1 2023.