Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va
FUSE.U
FUSE.U was delisted on the 22nd of September, 2021.
32 hedge funds and large institutions have $118M invested in Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 33 closing their positions.
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
44% less funds holding
Funds holding: 57 → 32 (-25)
63% less capital invested
Capital invested by funds: $323M → $118M (-$205M)
76% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 33
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RA
Ramius Advisors
New York
|
+$5.59M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$2.29M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$1.78M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$1.08M |
| 5 |
CIM
Cowen Investment Management
New York
|
+$1.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Linden Advisors
New York
|
-$23.4M |
| 2 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$20.3M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$20.3M |
| 4 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$18.3M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$15.2M |
FUSE.U Hedge Fund Activity: Q3 2020 in Review
32 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va (FUSE.U) for Q3 2020, worth a combined $118M — down 63% from $323M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of FUSE.U and 8 opened new positions — a net loss of 25 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Ramius Advisors, opening a new position worth an estimated $5.59M. The largest seller was Linden Advisors, exiting entirely with an estimated $23.4M sold.
- 32 institutional investors held Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va (FUSE.U) as of Q3 2020, down from 57 in Q2 2020.
- Funds reported $118M of Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va stock for Q3 2020, down 63% quarter-over-quarter.
- 8 funds opened new Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va positions in Q3 2020 and 33 closed out, a net change of -25 holders.
- The largest Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va buyer in Q3 2020 was Ramius Advisors, an estimated $5.59M added.
- The largest Fusion Acquisition Corp. Units, each consisting of one share of Class A common stock, $0.0001 par va seller in Q3 2020 was Linden Advisors, an estimated $23.4M sold.
Based on aggregated 13F filings for Q3 2020.