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.
29 hedge funds and large institutions have $49.7M 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 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 8 closing their positions.
15% less funds holding
Funds holding: 34 → 29 (-5)
30% less capital invested
Capital invested by funds: $71.3M → $49.7M (-$21.6M)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$182K |
| 2 |
SRCM
Sage Rock Capital Management
New York
|
+$146K |
| 3 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$5.61K |
| 4 |
Jane Street
New York
|
+$3.33K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$9.76M |
| 2 |
GL
Governors Lane
New York
|
-$5.03M |
| 3 |
HP
Hound Partners
New York
|
-$5.01M |
| 4 |
KC
Kepos Capital
New York
|
-$4.77M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
UBS Group
Zurich,
Switzerland
| $16K | -$5.09K | -509 | -24% |
|
|
CCM
27
Condor Capital Management
Martinsville,
New Jersey
| $6K | – | – | – |
|
|
PMAM
28
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
| $1K | -$999K | -99,993 | -100% |
|
|
GL
29
Governors Lane
New York
| – | -$5.03M | -500,000 | Closed |
|
|
HP
30
Hound Partners
New York
| – | -$5.01M | -498,300 | Closed |
|
|
KC
31
Kepos Capital
New York
| – | -$4.77M | -475,000 | Closed |
|
|
BI
32
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$1.01M | -100,124 | Closed |
|
|
RCM
33
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$1M | -100,000 | Closed |
|
|
PCM
34
Prelude Capital Management
New York
| – | -$365K | -36,315 | Closed |
|
|
OAC
35
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$251K | -25,000 | Closed |
|
36
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$6K | -550 | Closed |
|
GSQB.U Hedge Fund Activity: Q4 2021 in Review
29 of the 6,498 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 Q4 2021, worth a combined $49.7M — down 30% from $71.3M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of GSQB.U and 4 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 3 added.
The largest buyer was Cubist Systematic Strategies, opening a new position worth an estimated $182K. The largest seller was Citadel Advisors, cutting an estimated $9.76M.
- 29 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 Q4 2021, down from 34 in Q3 2021.
- Funds reported $49.7M 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 Q4 2021, down 30% quarter-over-quarter.
- 4 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 Q4 2021 and 8 closed out, a net change of -4 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 Q4 2021 was Cubist Systematic Strategies, an estimated $182K 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 Q4 2021 was Citadel Advisors, an estimated $9.76M sold.
Based on aggregated 13F filings for Q4 2021.