FinTech Acquisition Corp. III Unit
FTACU
FTACU was delisted on the 13th of October, 2020.
21 hedge funds and large institutions have $107M invested in FinTech Acquisition Corp. III Unit in 2020 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 7 closing their positions.
2% more capital invested
Capital invested by funds: $105M → $107M (+$2.04M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
16% less funds holding
Funds holding: 25 → 21 (-4)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
+$1.95M |
| 2 |
CAC
Cowen and Company
New York
|
+$870K |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$869K |
| 4 |
FIA
FNY Investment Advisers
New York
|
+$411K |
| 5 |
HF
HRT Financial
New York
|
+$95K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$5.34M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
-$4.07M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$2.83M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$2.78M |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$1.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Citigroup
New York
| – | -$1.52M | -149,000 | Closed |
|
|
BCM
27
Basso Capital Management
Stamford,
Connecticut
| – | -$958K | -93,666 | Closed |
|
28
Goldman Sachs
New York
| – | -$256K | -25,000 | Closed |
|
FTACU Hedge Fund Activity: Q2 2020 in Review
21 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in FinTech Acquisition Corp. III Unit (FTACU) for Q2 2020, worth a combined $107M — up 1.9% from $105M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FTACU and 3 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 2 added.
The largest buyer was MMCAP International, opening a new position worth an estimated $1.95M. The largest seller was Longfellow Investment Management, cutting an estimated $5.34M.
- 21 institutional investors held FinTech Acquisition Corp. III Unit (FTACU) as of Q2 2020, down from 25 in Q1 2020.
- Funds reported $107M of FinTech Acquisition Corp. III Unit stock for Q2 2020, up 1.9% quarter-over-quarter.
- 3 funds opened new FinTech Acquisition Corp. III Unit positions in Q2 2020 and 7 closed out, a net change of -4 holders.
- The largest FinTech Acquisition Corp. III Unit buyer in Q2 2020 was MMCAP International, an estimated $1.95M added.
- The largest FinTech Acquisition Corp. III Unit seller in Q2 2020 was Longfellow Investment Management, an estimated $5.34M sold.
Based on aggregated 13F filings for Q2 2020.