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GIK.U

GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee
GIK.U

Delisted

GIK.U was delisted on the 4th of May, 2021.

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17 hedge funds and large institutions have $60.4M invested in GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

57% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 7

60% less funds holding

Funds holding: 42 → 17 (-25)

66% less capital invested

Capital invested by funds: $180M → $60.4M (-$120M)

93% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 27

100% less funds holding in top 10

Funds holding in top 10: 2 → 0 (-2)

Holders
17
Holders Change
-25
Holders Change %
-59.52%
% of All Funds
0.34%
Holding in Top 10
–
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-100%
% of All Funds
–
New
2
Increased
3
Reduced
7
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AC
Aristeia Capital
Connecticut
+$1.95M
2
KIM
Karpus Investment Management
New York
+$886K
3
BI
Bulldog Investors
New Jersey
+$286K
4
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$17.1K
5
UBS Group
UBS Group
Switzerland
+$9.62K

Top Sellers

Rank Fund Capital Flow
1
KC
Kepos Capital
New York
-$12.9M
2
AA
AQR Arbitrage
Connecticut
-$12M
3
OP
Omni Partners
United Kingdom
-$9.54M
4
Millennium Management
Millennium Management
New York
-$9.04M
5
YCM
Yakira Capital Management
Connecticut
-$8.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
26
Moore Capital Management
New York
– -$5.02M -500,000 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
27
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$4.54M -450,000 Closed
WCMNY
28
Westchester Capital Management (New York)
New York
– -$3.71M -369,900 Closed
LP
29
LMR Partners
United Kingdom
– -$3.01M -300,000 Closed
ICM
30
Ionic Capital Management
New York
– -$2.84M -282,485 Closed
BFM
31
Boothbay Fund Management
New York
– -$2.01M -200,000 Closed
RCM
32
Rivernorth Capital Management
Florida
– -$2.01M -200,000 Closed
CCA
33
Castle Creek Arbitrage
Colorado
– -$1.25M -125,000 Closed
RCM
34
Radcliffe Capital Management
Pennsylvania
– -$1.16M -115,188 Closed
WIC
35
Water Island Capital
New York
– -$1.05M -105,000 Closed
DAM
36
Deltec Asset Management
New York
– -$1M -100,000 Closed
MIM
37
Monashee Investment Management
Massachusetts
– -$1M -100,000 Closed
SCM
38
Saba Capital Management
New York
– -$1M -100,000 Closed
Stifel Financial
39
Stifel Financial
Missouri
– -$329K -32,750 Closed
ICM
40
III Capital Management
Florida
– -$251K -25,000 Closed
MSU
41
Mizuho Securities USA
New York
– -$250K -25,000 Closed
CAC
42
Cowen and Company
New York
– -$105K -10,500 Closed
PAM
43
Panagora Asset Management
Massachusetts
– -$92K -9,201 Closed
Royal Bank of Canada
44
Royal Bank of Canada
Ontario, Canada
– -$3K -292 Closed
1
2

GIK.U Hedge Fund Activity: Q3 2020 in Review

17 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee (GIK.U) for Q3 2020, worth a combined $60.4M — down 66% from $180M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of GIK.U and 2 opened new positions — a net loss of 25 holders — while 7 trimmed existing stakes and 3 added.

The largest buyer was Aristeia Capital, adding an estimated $1.95M. The largest seller was Kepos Capital, exiting entirely with an estimated $12.9M sold.

  • 17 institutional investors held GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee (GIK.U) as of Q3 2020, down from 42 in Q2 2020.
  • Funds reported $60.4M of GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee stock for Q3 2020, down 66% quarter-over-quarter.
  • 2 funds opened new GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee positions in Q3 2020 and 27 closed out, a net change of -25 holders.
  • The largest GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee buyer in Q3 2020 was Aristeia Capital, an estimated $1.95M added.
  • The largest GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee seller in Q3 2020 was Kepos Capital, an estimated $12.9M sold.

Based on aggregated 13F filings for Q3 2020.