FAST Acquisition Corp. II
FZT was delisted on the 5th of October, 2023.
31 hedge funds and large institutions have $70.8M invested in FAST Acquisition Corp. II in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 13 reducing their positions, and 48 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
46% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 13
59% less funds holding
Funds holding: 76 → 31 (-45)
66% less capital invested
Capital invested by funds: $207M → $70.8M (-$136M)
92% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 48
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$5.27M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$3.93M |
| 3 |
MSU
Mizuho Securities USA
New York
|
+$2.53M |
| 4 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$1.52M |
| 5 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$1.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$18.3M |
| 2 |
SC
Sculptor Capital
New York
|
-$15.3M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$10.3M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$8.54M |
| 5 |
SV
Starboard Value
New York
|
-$7.51M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$247K | -24,648 | Closed |
|
|
EC
77
Elequin Capital
New York
| – | -$210K | -21,000 | Closed |
|
78
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$206K | -20,623 | Closed |
|
|
SMH
79
Sanders Morris Harris
Houston,
Texas
| – | -$100K | -10,000 | Closed |
|
FZT Hedge Fund Activity: Q1 2023 in Review
31 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in FAST Acquisition Corp. II (FZT) for Q1 2023, worth a combined $70.8M — down 66% from $207M a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of FZT and 4 opened new positions — a net loss of 44 holders — while 13 trimmed existing stakes and 7 added.
The largest buyer was Glazer Capital LLC, adding an estimated $5.27M. The largest seller was Saba Capital Management, exiting entirely with an estimated $18.3M sold.
- 31 institutional investors held FAST Acquisition Corp. II (FZT) as of Q1 2023, down from 76 in Q4 2022.
- Funds reported $70.8M of FAST Acquisition Corp. II stock for Q1 2023, down 66% quarter-over-quarter.
- 4 funds opened new FAST Acquisition Corp. II positions in Q1 2023 and 48 closed out, a net change of -44 holders.
- The largest FAST Acquisition Corp. II buyer in Q1 2023 was Glazer Capital LLC, an estimated $5.27M added.
- The largest FAST Acquisition Corp. II seller in Q1 2023 was Saba Capital Management, an estimated $18.3M sold.
Based on aggregated 13F filings for Q1 2023.