Federal Street Acquisition Corp. Unit
FSACU
FSACU was delisted on the 31st of December, 2018.
14 hedge funds and large institutions have $72.5M invested in Federal Street Acquisition Corp. Unit in 2018 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 4 reducing their positions, and 12 closing their positions.
42% less funds holding
Funds holding: 24 → 14 (-10)
43% less capital invested
Capital invested by funds: $127M → $72.5M (-$54.5M)
83% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 12
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$113K |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$21 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
-$22.7M |
| 2 |
SSA
Schonfeld Strategic Advisors
New York
|
-$10.2M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$3.76M |
| 4 |
JGC
J. Goldman & Co
New York
|
-$3.52M |
| 5 |
GCL
Glazer Capital LLC
New York
|
-$3.06M |
FSACU Hedge Fund Activity: Q3 2018 in Review
14 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Federal Street Acquisition Corp. Unit (FSACU) for Q3 2018, worth a combined $72.5M — down 43% from $127M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of FSACU and 2 opened new positions — a net loss of 10 holders — while 4 trimmed existing stakes and 0 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $113K. The largest seller was Davidson Kempner Capital Management, exiting entirely with an estimated $22.7M sold.
- 14 institutional investors held Federal Street Acquisition Corp. Unit (FSACU) as of Q3 2018, down from 24 in Q2 2018.
- Funds reported $72.5M of Federal Street Acquisition Corp. Unit stock for Q3 2018, down 43% quarter-over-quarter.
- 2 funds opened new Federal Street Acquisition Corp. Unit positions in Q3 2018 and 12 closed out, a net change of -10 holders.
- The largest Federal Street Acquisition Corp. Unit buyer in Q3 2018 was Susquehanna International Group, an estimated $113K added.
- The largest Federal Street Acquisition Corp. Unit seller in Q3 2018 was Davidson Kempner Capital Management, an estimated $22.7M sold.
Based on aggregated 13F filings for Q3 2018.