GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee
GIK.U
GIK.U was delisted on the 4th of May, 2021.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$1.95M |
| 2 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$886K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$286K |
| 4 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
+$17.1K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$9.62K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KC
Kepos Capital
New York
|
-$12.9M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$12M |
| 3 |
OP
Omni Partners
London,
United Kingdom
|
-$9.54M |
| 4 |
Millennium Management
New York
|
-$9.04M |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$8.08M |
GIK.U Hedge Fund Activity: Q3 2020 in Review
17 of the 4,970 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.