FAST Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
FST.U
FST.U was delisted on the 25th of August, 2022.
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.
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
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
Greenwich,
Connecticut
|
-$12.5M |
| 2 |
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
Wichita,
Kansas
|
-$6.48M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$499K | -50,000 | Closed |
|
52
Parallax Volatility Advisers
San Francisco,
California
| – | -$499K | -50,000 | Closed |
|
|
SSA
53
Schonfeld Strategic Advisors
New York
| – | -$282K | -28,300 | Closed |
|
|
RA
54
Ramius Advisors
New York
| – | -$199K | -20,000 | Closed |
|
|
C
55
Certuity
North Palm Beach,
Florida
| – | -$100K | -10,000 | Closed |
|
|
PAM
56
Panagora Asset Management
Boston,
Massachusetts
| – | -$86K | -8,635 | Closed |
|
|
SGAM
57
Seaport Global Asset Management
New York
| – | -$40K | -4,000 | Closed |
|
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.