FTAC Parnassus Acquisition Corp. Unit
FTPAU
FTPAU was delisted on the 15th of March, 2023.
29 hedge funds and large institutions have $91.7M invested in FTAC Parnassus Acquisition Corp. Unit in 2021 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 27 closing their positions.
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
43% less funds holding
Funds holding: 51 → 29 (-22)
60% less capital invested
Capital invested by funds: $230M → $91.7M (-$138M)
81% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 27
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$10.1M |
| 2 |
D.E. Shaw & Co
New York
|
+$2.38M |
| 3 |
FIG
Fortress Investment Group
New York
|
+$1.18M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$167K |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$33.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Corbin Capital Partners
New York
|
-$19.9M |
| 2 |
Millennium Management
New York
|
-$17.9M |
| 3 |
LA
Linden Advisors
New York
|
-$14.9M |
| 4 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$14.9M |
| 5 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$14.9M |
FTPAU Hedge Fund Activity: Q2 2021 in Review
29 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in FTAC Parnassus Acquisition Corp. Unit (FTPAU) for Q2 2021, worth a combined $91.7M — down 60% from $230M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of FTPAU and 5 opened new positions — a net loss of 22 holders — while 8 trimmed existing stakes and 6 added.
The largest buyer was Aristeia Capital, opening a new position worth an estimated $10.1M. The largest seller was Corbin Capital Partners, exiting entirely with an estimated $19.9M sold.
- 29 institutional investors held FTAC Parnassus Acquisition Corp. Unit (FTPAU) as of Q2 2021, down from 51 in Q1 2021.
- Funds reported $91.7M of FTAC Parnassus Acquisition Corp. Unit stock for Q2 2021, down 60% quarter-over-quarter.
- 5 funds opened new FTAC Parnassus Acquisition Corp. Unit positions in Q2 2021 and 27 closed out, a net change of -22 holders.
- The largest FTAC Parnassus Acquisition Corp. Unit buyer in Q2 2021 was Aristeia Capital, an estimated $10.1M added.
- The largest FTAC Parnassus Acquisition Corp. Unit seller in Q2 2021 was Corbin Capital Partners, an estimated $19.9M sold.
Based on aggregated 13F filings for Q2 2021.