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.
5 hedge funds and large institutions have $2.68M invested in GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee in 2020 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 13 closing their positions.
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
71% less funds holding
Funds holding: 17 → 5 (-12)
92% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 13
96% less capital invested
Capital invested by funds: $60.4M → $2.68M (-$57.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$1.52M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$23.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$25.2M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$6.7M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$5.05M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$4.66M |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$4.56M |
GIK.U Hedge Fund Activity: Q4 2020 in Review
5 of the 5,676 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 Q4 2020, worth a combined $2.68M — down 96% from $60.4M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of GIK.U and 1 opened new positions — a net loss of 12 holders — while 3 trimmed existing stakes and 1 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $1.52M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $25.2M sold.
- 5 institutional investors held GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee (GIK.U) as of Q4 2020, down from 17 in Q3 2020.
- Funds reported $2.68M of GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee stock for Q4 2020, down 96% quarter-over-quarter.
- 1 fund opened new GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee positions in Q4 2020 and 13 closed out, a net change of -12 holders.
- The largest GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee buyer in Q4 2020 was Virtu Financial, an estimated $1.52M added.
- The largest GigCapital3, Inc. Units, each consisting of one share of Common Stock and three-fourths of one Redee seller in Q4 2020 was Glazer Capital LLC, an estimated $25.2M sold.
Based on aggregated 13F filings for Q4 2020.