FTAC Parnassus Acquisition Corp. Unit
FTPAU
FTPAU was delisted on the 15th of March, 2023.
23 hedge funds and large institutions have $67M invested in FTAC Parnassus Acquisition Corp. Unit in 2021 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 8 closing their positions.
21% less funds holding
Funds holding: 29 → 23 (-6)
27% less capital invested
Capital invested by funds: $91.7M → $67M (-$24.7M)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$2.66M |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$936K |
| 3 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$17.5K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$999 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$10.1M |
| 2 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$10.1M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$5.03M |
| 4 |
CCFM
Cohen & Co Financial Management
New York
|
-$3.52M |
| 5 |
SBLIC
Security Benefit Life Insurance Company
Topeka,
Kansas
|
-$3.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PC
26
Periscope Capital
Toronto,
Ontario, Canada
| – | -$5.03M | -500,000 | Closed |
|
|
CCFM
27
Cohen & Co Financial Management
New York
| – | -$3.52M | -350,000 | Closed |
|
|
SBLIC
28
Security Benefit Life Insurance Company
Topeka,
Kansas
| – | -$3.08M | -300,000 | Closed |
|
29
D.E. Shaw & Co
New York
| – | -$2.41M | -235,102 | Closed |
|
|
FIG
30
Fortress Investment Group
New York
| – | -$1.17M | -116,731 | Closed |
|
31
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$986K | -98,100 | Closed |
|
FTPAU Hedge Fund Activity: Q3 2021 in Review
23 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in FTAC Parnassus Acquisition Corp. Unit (FTPAU) for Q3 2021, worth a combined $67M — down 27% from $91.7M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FTPAU and 2 opened new positions — a net loss of 6 holders — while 8 trimmed existing stakes and 2 added.
The largest buyer was Goldman Sachs, opening a new position worth an estimated $2.66M. The largest seller was BlueCrest Capital Management, exiting entirely with an estimated $10.1M sold.
- 23 institutional investors held FTAC Parnassus Acquisition Corp. Unit (FTPAU) as of Q3 2021, down from 29 in Q2 2021.
- Funds reported $67M of FTAC Parnassus Acquisition Corp. Unit stock for Q3 2021, down 27% quarter-over-quarter.
- 2 funds opened new FTAC Parnassus Acquisition Corp. Unit positions in Q3 2021 and 8 closed out, a net change of -6 holders.
- The largest FTAC Parnassus Acquisition Corp. Unit buyer in Q3 2021 was Goldman Sachs, an estimated $2.66M added.
- The largest FTAC Parnassus Acquisition Corp. Unit seller in Q3 2021 was BlueCrest Capital Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q3 2021.