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FST.U

FAST Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
FST.U

Delisted

FST.U was delisted on the 25th of August, 2022.

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23 hedge funds and large institutions have $71.5M invested in FAST Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant in 2020 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, 9 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% less funds holding

Funds holding: 52 → 23 (-29)

56% less capital invested

Capital invested by funds: $163M → $71.5M (-$91.5M)

78% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 9

85% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 34

Holders
23
Holders Change
-29
Holders Change %
-55.77%
% of All Funds
0.41%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
2
Reduced
9
Closed
34
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
KC
Kepos Capital
New York
+$5.21M
2
VF
Virtu Financial
New York
+$922K
3
ESCM
Echo Street Capital Management
New York
+$681K
4
TRCT
Tower Research Capital (TRC)
New York
+$7.39K

Top Sellers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
-$12.5M
2
Neuberger Berman Group
Neuberger Berman Group
New York
-$9.97M
3
GCL
Glazer Capital LLC
New York
-$8.02M
4
SC
Sculptor Capital
New York
-$7.48M
5
SCC
Spring Creek Capital
Kansas
-$6.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
SC
26
Sculptor Capital
New York
– -$7.48M -750,000 Closed
SCC
27
Spring Creek Capital
Kansas
– -$6.48M -650,000 Closed
CCA
28
Castle Creek Arbitrage
Colorado
– -$5.17M -518,080 Closed
PAMP
29
Polar Asset Management Partners
Ontario, Canada
– -$4.99M -500,000 Closed
AC
30
Aristeia Capital
Connecticut
– -$4.49M -450,000 Closed
AMH
31
Apollo Management Holdings
New York
– -$4.18M -419,000 Closed
Alyeska Investment Group
32
Alyeska Investment Group
Illinois
– -$4.02M -403,200 Closed
RCM
33
Radcliffe Capital Management
Pennsylvania
– -$3.99M -400,000 Closed
TCM
34
Tenor Capital Management
New York
– -$3.59M -360,243 Closed
DCM
35
Dupont Capital Management
Delaware
– -$3.49M -350,000 Closed
CC
36
Centiva Capital
New York
– -$2.99M -300,000 Closed
LP
37
LMR Partners
United Kingdom
– -$2.99M -300,000 Closed
LIM
38
Longfellow Investment Management
Massachusetts
– -$2.98M -299,400 Closed
WAM
39
Weiss Asset Management
Massachusetts
– -$2.49M -250,000 Closed
AGC
40
Angelo Gordon & Co
New York
– -$1.95M -195,144 Closed
RCM
41
Rivernorth Capital Management
Florida
– -$1.88M -188,972 Closed
AC
42
Antara Capital
New York
– -$1.78M -179,029 Closed
BCM
43
Basso Capital Management
Connecticut
– -$1.65M -165,929 Closed
Deutsche Bank
44
Deutsche Bank
Germany
– -$1.5M -150,000 Closed
CL
45
CSS LLC
Illinois
– -$1.25M -125,862 Closed
HighTower Advisors
46
HighTower Advisors
Illinois
– -$1M -100,503 Closed
IC
47
IEQ Capital
California
– -$997K -100,000 Closed
JP Morgan Chase
48
JP Morgan Chase
New York
– -$994K -100,000 Closed
BFM
49
Boothbay Fund Management
New York
– -$950K -95,281 Closed
SCM
50
Saba Capital Management
New York
– -$546K -54,800 Closed
1
2
3

FST.U Hedge Fund Activity: Q4 2020 in Review

23 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in FAST Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (FST.U) for Q4 2020, worth a combined $71.5M — down 56% from $163M a quarter earlier.

Sellers outnumbered buyers: 34 funds closed out of FST.U and 5 opened new positions — a net loss of 29 holders — while 9 trimmed existing stakes and 2 added.

The largest buyer was Kepos Capital, adding an estimated $5.21M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $12.5M sold.

  • 23 institutional investors held FAST Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (FST.U) as of Q4 2020, down from 52 in Q3 2020.
  • Funds reported $71.5M of FAST Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant stock for Q4 2020, down 56% quarter-over-quarter.
  • 5 funds opened new FAST Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant positions in Q4 2020 and 34 closed out, a net change of -29 holders.
  • The largest FAST Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant buyer in Q4 2020 was Kepos Capital, an estimated $5.21M added.
  • The largest FAST Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant seller in Q4 2020 was AQR Arbitrage, an estimated $12.5M sold.

Based on aggregated 13F filings for Q4 2020.