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.
12 hedge funds and large institutions have $13.3M 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 2023 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 1 increasing their positions, 4 reducing their positions, and 4 closing their positions.
18% less capital invested
Capital invested by funds: $16.1M → $13.3M (-$2.87M)
25% less funds holding
Funds holding: 16 → 12 (-4)
75% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 4
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$111K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$2.03M |
| 2 |
GAM
Gritstone Asset Management
Bethesda,
Maryland
|
-$1.09M |
| 3 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$143K |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$81K |
| 5 |
CS
Clear Street
New York
|
-$42.5K |
GSQB.U Hedge Fund Activity: Q1 2023 in Review
12 of the 6,275 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 2023, worth a combined $13.3M — down 18% from $16.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of GSQB.U and 0 opened new positions — a net loss of 4 holders — while 4 trimmed existing stakes and 1 added.
The largest buyer was Glazer Capital LLC, adding an estimated $111K. The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $2.03M sold.
- 12 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 2023, down from 16 in Q4 2022.
- Funds reported $13.3M 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 Q1 2023, down 18% quarter-over-quarter.
- 0 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 2023 and 4 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 Q1 2023 was Glazer Capital LLC, an estimated $111K 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 2023 was Westchester Capital Management (New York), an estimated $2.03M sold.
Based on aggregated 13F filings for Q1 2023.