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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
GCL
1
Glazer Capital LLC
New York
$17.9M -$8.02M -783,212 -33%
KC
2
Kepos Capital
New York
$8.83M +$5.21M +508,819 +173%
Millennium Management
3
Millennium Management
New York
$8.64M – – –
MF
4
Magnetar Financial
Illinois
$5.78M -$759K -74,146 -12%
SCM
5
Shaolin Capital Management
Florida
$4.95M -$512K -50,000 -10%
PC
6
Periscope Capital
Ontario, Canada
$4.69M -$4.34M -423,600 -50%
CCM
7
CAAS Capital Management
New York
$3.3M – – –
WIC
8
Water Island Capital
New York
$2.7M -$2.49M -243,347 -50%
Citigroup
9
Citigroup
New York
$2.45M -$1.31M -127,500 -36%
WC
10
Wealthspring Capital
New York
$2.25M +$2.09M +204,334 New
Jane Street
11
Jane Street
New York
$1.65M -$4.66K -455 -0.3%
SMA
12
Sage Mountain Advisors
Georgia
$1.47M +$1.37M +134,030 New
HF
13
HRT Financial
New York
$1.11M – – –
YCM
14
Yakira Capital Management
Connecticut
$1.11M – – –
CIM
15
Cowen Investment Management
New York
$1.1M -$512K -50,000 -33%
OAC
16
OMERS Administration Corp
Ontario, Canada
$1.1M – – –
VF
17
Virtu Financial
New York
$990K +$922K +90,004 New
ESCM
18
Echo Street Capital Management
New York
$732K +$681K +66,504 New
Walleye Trading
19
Walleye Trading
New York
$440K – – –
EAM
20
Exos Asset Management
New York
$275K +$256K +25,000 New
UBS Group
21
UBS Group
Switzerland
$14K -$243K -23,710 -95%
TRCT
22
Tower Research Capital (TRC)
New York
$12K +$7.39K +722 +181%
Walleye Capital
23
Walleye Capital
New York
$660 – – –
AA
24
AQR Arbitrage
Connecticut
– -$12.5M -1,250,000 Closed
Neuberger Berman Group
25
Neuberger Berman Group
New York
– -$9.97M -1,000,000 Closed
1
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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.