FAST Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant
FZT.U
FZT.U was delisted on the 5th of October, 2023.
36 hedge funds and large institutions have $62.9M invested in FAST Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 10 increasing their positions, 10 reducing their positions, and 43 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 10
53% less funds holding
Funds holding: 77 → 36 (-41)
66% less capital invested
Capital invested by funds: $186M → $62.9M (-$123M)
93% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 43
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$3M |
| 2 |
CC
Centiva Capital
New York
|
+$2.6M |
| 3 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$2M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$1.75M |
| 5 |
GCL
Glazer Capital LLC
New York
|
+$604K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NFAM
North Fourth Asset Management
Englewood Cliffs,
New Jersey
|
-$9.44M |
| 2 |
SCM
Saba Capital Management
New York
|
-$9.26M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$9.23M |
| 4 |
SC
Sculptor Capital
New York
|
-$8.45M |
| 5 |
LCG
Luxor Capital Group
New York
|
-$7.46M |
FZT.U Hedge Fund Activity: Q2 2021 in Review
36 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in FAST Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant (FZT.U) for Q2 2021, worth a combined $62.9M — down 66% from $186M a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of FZT.U and 3 opened new positions — a net loss of 40 holders — while 10 trimmed existing stakes and 10 added.
The largest buyer was Periscope Capital, adding an estimated $3M. The largest seller was North Fourth Asset Management, exiting entirely with an estimated $9.44M sold.
- 36 institutional investors held FAST Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant (FZT.U) as of Q2 2021, down from 77 in Q1 2021.
- Funds reported $62.9M of FAST Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant stock for Q2 2021, down 66% quarter-over-quarter.
- 3 funds opened new FAST Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant positions in Q2 2021 and 43 closed out, a net change of -40 holders.
- The largest FAST Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant buyer in Q2 2021 was Periscope Capital, an estimated $3M added.
- The largest FAST Acquisition Corp. II Units, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant seller in Q2 2021 was North Fourth Asset Management, an estimated $9.44M sold.
Based on aggregated 13F filings for Q2 2021.