Glenfarne Merger Corp. Unit
GGMCU
GGMCU was delisted on the 16th of December, 2022.
25 hedge funds and large institutions have $101M invested in Glenfarne Merger Corp. Unit in 2021 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 15 closing their positions.
24% less funds holding
Funds holding: 33 → 25 (-8)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
53% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 15
62% less capital invested
Capital invested by funds: $265M → $101M (-$163M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$12.5M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$9.41M |
| 3 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$4.42M |
| 4 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$3.58M |
| 5 |
D.E. Shaw & Co
New York
|
+$2.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Blackstone Inc
New York
|
-$24.6M |
| 2 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$23.5M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$21.5M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$20.3M |
| 5 |
MSU
Mizuho Securities USA
New York
|
-$14.4M |
GGMCU Hedge Fund Activity: Q2 2021 in Review
25 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Glenfarne Merger Corp. Unit (GGMCU) for Q2 2021, worth a combined $101M — down 62% from $265M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of GGMCU and 7 opened new positions — a net loss of 8 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was First Pacific Advisors, opening a new position worth an estimated $12.5M. The largest seller was Blackstone Inc, exiting entirely with an estimated $24.6M sold.
- 25 institutional investors held Glenfarne Merger Corp. Unit (GGMCU) as of Q2 2021, down from 33 in Q1 2021.
- Funds reported $101M of Glenfarne Merger Corp. Unit stock for Q2 2021, down 62% quarter-over-quarter.
- 7 funds opened new Glenfarne Merger Corp. Unit positions in Q2 2021 and 15 closed out, a net change of -8 holders.
- The largest Glenfarne Merger Corp. Unit buyer in Q2 2021 was First Pacific Advisors, an estimated $12.5M added.
- The largest Glenfarne Merger Corp. Unit seller in Q2 2021 was Blackstone Inc, an estimated $24.6M sold.
Based on aggregated 13F filings for Q2 2021.