Fortress Value Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fifth of one Warrant
FVT.U
FVT.U was delisted on the 21st of November, 2022.
31 hedge funds and large institutions have $26M invested in Fortress Value Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fifth of one Warrant in 2021 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 9 reducing their positions, and 8 closing their positions.
7% less capital invested
Capital invested by funds: $27.9M → $26M (-$1.91M)
9% less funds holding
Funds holding: 34 → 31 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
67% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$961K |
| 2 |
BFM
Boothbay Fund Management
New York
|
+$410K |
| 3 |
BSP
Benefit Street Partners
New York
|
+$200K |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
+$126K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$78.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$2.99M |
| 2 |
ACA
Arena Capital Advisors
Los Angeles,
California
|
-$1.97M |
| 3 |
Millennium Management
New York
|
-$998K |
| 4 |
MA
MYDA Advisors
Woodmere,
New York
|
-$997K |
| 5 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$748K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FIA
26
FNY Investment Advisers
New York
| $13K | – | – | – |
|
27
Bank of America
Charlotte,
North Carolina
| $4K | – | – | – |
|
|
AA
28
Ancora Advisors
Cleveland,
Ohio
| $2K | +$2K | +200 | New |
|
29
Walleye Capital
New York
| $266 | -$299K | -30,011 | -53% |
|
|
ACA
30
Arena Capital Advisors
Los Angeles,
California
| – | -$1.97M | -197,799 | Closed |
|
|
MA
31
MYDA Advisors
Woodmere,
New York
| – | -$997K | -100,000 | Closed |
|
|
BCM
32
BlueCrest Capital Management
St Helier,
Jersey
| – | -$748K | -75,000 | Closed |
|
|
BCM
33
Bluefin Capital Management
New York
| – | -$696K | -69,827 | Closed |
|
|
WAM
34
Wolverine Asset Management
Chicago,
Illinois
| – | -$271K | -27,241 | Closed |
|
|
EC
35
EJF Capital
Arlington,
Virginia
| – | -$199K | -20,000 | Closed |
|
|
VCM
36
Vivaldi Capital Management
Chicago,
Illinois
| – | -$142K | -14,203 | Closed |
|
37
Rockefeller Capital Management
New York
| – | -$99K | -9,985 | Closed |
|
|
GT
38
Glenmede Trust
Philadelphia,
Pennsylvania
| – | +$509 | +51 | New |
|
FVT.U Hedge Fund Activity: Q3 2021 in Review
31 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Fortress Value Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fifth of one Warrant (FVT.U) for Q3 2021, worth a combined $26M — down 6.9% from $27.9M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of FVT.U and 5 opened new positions — a net loss of 3 holders — while 9 trimmed existing stakes and 3 added.
The largest buyer was Longfellow Investment Management, opening a new position worth an estimated $961K. The largest seller was Citadel Advisors, cutting an estimated $2.99M.
- 31 institutional investors held Fortress Value Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fifth of one Warrant (FVT.U) as of Q3 2021, down from 34 in Q2 2021.
- Funds reported $26M of Fortress Value Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fifth of one Warrant stock for Q3 2021, down 6.9% quarter-over-quarter.
- 5 funds opened new Fortress Value Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fifth of one Warrant positions in Q3 2021 and 8 closed out, a net change of -3 holders.
- The largest Fortress Value Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fifth of one Warrant buyer in Q3 2021 was Longfellow Investment Management, an estimated $961K added.
- The largest Fortress Value Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fifth of one Warrant seller in Q3 2021 was Citadel Advisors, an estimated $2.99M sold.
Based on aggregated 13F filings for Q3 2021.