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.
21 hedge funds and large institutions have $19.4M 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 2022 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 11 closing their positions.
28% less funds holding
Funds holding: 29 → 21 (-8)
61% less capital invested
Capital invested by funds: $49.7M → $19.4M (-$30.3M)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
73% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Clear Street
New York
|
+$17.9K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$9.27K |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$3.97K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$794 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$8.49M |
| 2 |
SRCM
Sage Rock Capital Management
New York
|
-$4.36M |
| 3 |
Millennium Management
New York
|
-$4.07M |
| 4 |
CCM
Context Capital Management
Lajolla,
California
|
-$3.85M |
| 5 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$2.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KC
26
Kryger Capital
London,
United Kingdom
| – | -$1.78M | -178,651 | Closed |
|
27
Citigroup
New York
| – | -$1.41M | -141,492 | Closed |
|
|
BCM
28
Basso Capital Management
Stamford,
Connecticut
| – | -$999K | -100,000 | Closed |
|
|
AFM
29
Anson Funds Management
Dallas,
Texas
| – | -$749K | -75,000 | Closed |
|
|
COPPSERS
30
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
| – | -$500K | -50,000 | Closed |
|
|
PMAM
31
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
| – | -$1K | -7 | Closed |
|
GSQB.U Hedge Fund Activity: Q1 2022 in Review
21 of the 6,340 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 Q1 2022, worth a combined $19.4M — down 61% from $49.7M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GSQB.U and 3 opened new positions — a net loss of 8 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Clear Street, opening a new position worth an estimated $17.9K. The largest seller was Aristeia Capital, exiting entirely with an estimated $8.49M sold.
- 21 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 Q1 2022, down from 29 in Q4 2021.
- Funds reported $19.4M 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 Q1 2022, down 61% quarter-over-quarter.
- 3 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 Q1 2022 and 11 closed out, a net change of -8 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 Q1 2022 was Clear Street, an estimated $17.9K 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 Q1 2022 was Aristeia Capital, an estimated $8.49M sold.
Based on aggregated 13F filings for Q1 2022.