GigCapital, Inc. Rights, each exchangeable into one-tenth of one share of Common Stock
GIG.RT
GIG.RT was delisted on the 25th of November, 2019.
14 hedge funds and large institutions have $3.55M invested in GigCapital, Inc. Rights, each exchangeable into one-tenth of one share of Common Stock in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 3 closing their positions.
7% less funds holding
Funds holding: 15 → 14 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
35% less capital invested
Capital invested by funds: $5.48M → $3.55M (-$1.93M)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$138K |
| 2 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$60.1K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$47.4K |
| 4 |
CI
Cowen Inc
New York
|
+$16.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$975K |
| 2 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$147K |
| 3 |
KC
Kepos Capital
New York
|
-$103K |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$47.8K |
| 5 |
Walleye Trading
New York
|
-$16K |
GIG.RT Hedge Fund Activity: Q2 2019 in Review
14 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in GigCapital, Inc. Rights, each exchangeable into one-tenth of one share of Common Stock (GIG.RT) for Q2 2019, worth a combined $3.55M — down 35% from $5.48M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GIG.RT and 2 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 2 added.
The largest buyer was Hudson Bay Capital Management, opening a new position worth an estimated $138K. The largest seller was AQR Arbitrage, exiting entirely with an estimated $975K sold.
- 14 institutional investors held GigCapital, Inc. Rights, each exchangeable into one-tenth of one share of Common Stock (GIG.RT) as of Q2 2019, down from 15 in Q1 2019.
- Funds reported $3.55M of GigCapital, Inc. Rights, each exchangeable into one-tenth of one share of Common Stock stock for Q2 2019, down 35% quarter-over-quarter.
- 2 funds opened new GigCapital, Inc. Rights, each exchangeable into one-tenth of one share of Common Stock positions in Q2 2019 and 3 closed out, a net change of -1 holder.
- The largest GigCapital, Inc. Rights, each exchangeable into one-tenth of one share of Common Stock buyer in Q2 2019 was Hudson Bay Capital Management, an estimated $138K added.
- The largest GigCapital, Inc. Rights, each exchangeable into one-tenth of one share of Common Stock seller in Q2 2019 was AQR Arbitrage, an estimated $975K sold.
Based on aggregated 13F filings for Q2 2019.