FTAC Parnassus Acquisition Corp. Unit
FTPAU
FTPAU was delisted on the 15th of March, 2023.
23 hedge funds and large institutions have $67.5M 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)
34% less capital invested
Capital invested by funds: $102M → $67.5M (-$35M)
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 |
FTPAU Hedge Fund Activity: Q3 2021 in Review
23 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in FTAC Parnassus Acquisition Corp. Unit (FTPAU) for Q3 2021, worth a combined $67.5M — down 34% from $102M 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 $67.5M of FTAC Parnassus Acquisition Corp. Unit stock for Q3 2021, down 34% 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.