Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
FSNB.U
FSNB.U was delisted on the 15th of September, 2023.
25 hedge funds and large institutions have $19.2M invested in Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant in 2022 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 13 closing their positions.
24% less funds holding
Funds holding: 33 → 25 (-8)
40% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 5
58% less capital invested
Capital invested by funds: $46.3M → $19.2M (-$27.1M)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.14M |
| 2 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$926K |
| 3 |
Jane Street
New York
|
+$580K |
| 4 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$469K |
| 5 |
CAC
Cowen and Company
New York
|
+$348K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$16.1M |
| 2 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$5.27M |
| 3 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$5.04M |
| 4 |
TAL
TIG Advisors LLC
New York
|
-$1.69M |
| 5 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$1.35M |
FSNB.U Hedge Fund Activity: Q4 2022 in Review
25 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (FSNB.U) for Q4 2022, worth a combined $19.2M — down 58% from $46.3M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FSNB.U and 5 opened new positions — a net loss of 8 holders — while 5 trimmed existing stakes and 3 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.14M. The largest seller was HGC Investment Management, exiting entirely with an estimated $16.1M sold.
- 25 institutional investors held Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (FSNB.U) as of Q4 2022, down from 33 in Q3 2022.
- Funds reported $19.2M of Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q4 2022, down 58% quarter-over-quarter.
- 5 funds opened new Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant positions in Q4 2022 and 13 closed out, a net change of -8 holders.
- The largest Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant buyer in Q4 2022 was Rivernorth Capital Management, an estimated $2.14M added.
- The largest Fusion Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant seller in Q4 2022 was HGC Investment Management, an estimated $16.1M sold.
Based on aggregated 13F filings for Q4 2022.