FTAC Olympus Acquisition Corp. Unit
FTOCU
FTOCU was delisted on the 25th of June, 2021.
45 hedge funds and large institutions have $348M invested in FTAC Olympus Acquisition Corp. Unit in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 4 increasing their positions, 24 reducing their positions, and 42 closing their positions.
42% less capital invested
Capital invested by funds: $603M → $348M (-$254M)
43% less funds holding
Funds holding: 79 → 45 (-34)
79% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 42
83% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 24
100% less funds holding in top 10
Funds holding in top 10: 4 → 0 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$26.6M |
| 2 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$5.51M |
| 3 |
VF
Virtu Financial
New York
|
+$5.22M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$3.56M |
| 5 |
ESCM
Echo Street Capital Management
New York
|
+$3.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Linden Advisors
New York
|
-$62.1M |
| 2 |
Millennium Management
New York
|
-$42.8M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$30M |
| 4 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$25M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$21.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WRBC
76
W.R. Berkley Corp
Greenwich,
Connecticut
| – | -$994K | -99,390 | Closed |
|
77
Geode Capital Management
Boston,
Massachusetts
| – | -$499K | -50,000 | Closed |
|
|
MSU
78
Mizuho Securities USA
New York
| – | -$500K | -50,000 | Closed |
|
|
SCM
79
Saba Capital Management
New York
| – | -$500K | -50,000 | Closed |
|
|
WAM
80
Wolverine Asset Management
Chicago,
Illinois
| – | -$427K | -42,721 | Closed |
|
|
GIA
81
Gladstone Institutional Advisory
Palm Beach Gardens,
Florida
| – | -$375K | -37,500 | Closed |
|
|
MS
82
Maven Securities
St Helier,
Jersey
| – | -$250K | -25,000 | Closed |
|
|
NAM
83
Nexpoint Asset Management
Dallas,
Texas
| – | -$134K | -13,400 | Closed |
|
|
EC
84
EJF Capital
Arlington,
Virginia
| – | -$101K | -10,090 | Closed |
|
|
PAM
85
Panagora Asset Management
Boston,
Massachusetts
| – | -$80K | -7,985 | Closed |
|
|
SGAM
86
Seaport Global Asset Management
New York
| – | -$40K | -4,000 | Closed |
|
|
PA
87
Parallel Advisors
San Francisco,
California
| – | -$3K | -300 | Closed |
|
FTOCU Hedge Fund Activity: Q4 2020 in Review
45 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in FTAC Olympus Acquisition Corp. Unit (FTOCU) for Q4 2020, worth a combined $348M — down 42% from $603M a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of FTOCU and 9 opened new positions — a net loss of 33 holders — while 24 trimmed existing stakes and 4 added.
The largest buyer was Aristeia Capital, adding an estimated $26.6M. The largest seller was Linden Advisors, exiting entirely with an estimated $62.1M sold.
- 45 institutional investors held FTAC Olympus Acquisition Corp. Unit (FTOCU) as of Q4 2020, down from 79 in Q3 2020.
- Funds reported $348M of FTAC Olympus Acquisition Corp. Unit stock for Q4 2020, down 42% quarter-over-quarter.
- 9 funds opened new FTAC Olympus Acquisition Corp. Unit positions in Q4 2020 and 42 closed out, a net change of -33 holders.
- The largest FTAC Olympus Acquisition Corp. Unit buyer in Q4 2020 was Aristeia Capital, an estimated $26.6M added.
- The largest FTAC Olympus Acquisition Corp. Unit seller in Q4 2020 was Linden Advisors, an estimated $62.1M sold.
Based on aggregated 13F filings for Q4 2020.