G Squared Ascend II Inc. Units, each consisting of one Class A ordinary share and one-third of a redeemable Warrant to acquire one Class A ordinary shares
GSQB.U
GSQB.U was delisted on the 15th of June, 2023.
34 hedge funds and large institutions have $71.3M invested in G Squared Ascend II Inc. Units, each consisting of one Class A ordinary share and one-third of a redeemable Warrant to acquire one Class A ordinary shares in 2021 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 6 reducing their positions, and 24 closing their positions.
33% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 6
33% less funds holding
Funds holding: 51 → 34 (-17)
39% less capital invested
Capital invested by funds: $117M → $71.3M (-$46.1M)
71% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$4.19M |
| 2 |
OPU
Omni Partners US
Irvine,
California
|
+$1.75M |
| 3 |
Citigroup
New York
|
+$1.41M |
| 4 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$706K |
| 5 |
SIA
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
+$500K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
-$9.01M |
| 2 |
CC
Centiva Capital
New York
|
-$5M |
| 3 |
TCA
Taconic Capital Advisors
New York
|
-$4.43M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$4.32M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
-$4M |
GSQB.U Hedge Fund Activity: Q3 2021 in Review
34 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in G Squared Ascend II Inc. Units, each consisting of one Class A ordinary share and one-third of a redeemable Warrant to acquire one Class A ordinary shares (GSQB.U) for Q3 2021, worth a combined $71.3M — down 39% from $117M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of GSQB.U and 7 opened new positions — a net loss of 17 holders — while 6 trimmed existing stakes and 8 added.
The largest buyer was Citadel Advisors, adding an estimated $4.19M. The largest seller was Highbridge Capital Management, exiting entirely with an estimated $9.01M sold.
- 34 institutional investors held G Squared Ascend II Inc. Units, each consisting of one Class A ordinary share and one-third of a redeemable Warrant to acquire one Class A ordinary shares (GSQB.U) as of Q3 2021, down from 51 in Q2 2021.
- Funds reported $71.3M of G Squared Ascend II Inc. Units, each consisting of one Class A ordinary share and one-third of a redeemable Warrant to acquire one Class A ordinary shares stock for Q3 2021, down 39% quarter-over-quarter.
- 7 funds opened new G Squared Ascend II Inc. Units, each consisting of one Class A ordinary share and one-third of a redeemable Warrant to acquire one Class A ordinary shares positions in Q3 2021 and 24 closed out, a net change of -17 holders.
- The largest G Squared Ascend II Inc. Units, each consisting of one Class A ordinary share and one-third of a redeemable Warrant to acquire one Class A ordinary shares buyer in Q3 2021 was Citadel Advisors, an estimated $4.19M added.
- The largest G Squared Ascend II Inc. Units, each consisting of one Class A ordinary share and one-third of a redeemable Warrant to acquire one Class A ordinary shares seller in Q3 2021 was Highbridge Capital Management, an estimated $9.01M sold.
Based on aggregated 13F filings for Q3 2021.