G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share
GSQD.U
GSQD.U was delisted on the 8th of February, 2023.
25 hedge funds and large institutions have $18.2M invested in G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share in 2021 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 11 closing their positions.
24% less funds holding
Funds holding: 33 → 25 (-8)
52% less capital invested
Capital invested by funds: $38.2M → $18.2M (-$20M)
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
64% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Walleye Capital
New York
|
+$350K |
| 2 |
VF
Virtu Financial
New York
|
+$240K |
| 3 |
Goldman Sachs
New York
|
+$104K |
| 4 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$101K |
| 5 |
BCM
BCK Capital Management
Stamford,
Connecticut
|
+$7.01K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Context Capital Management
Lajolla,
California
|
-$4.07M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$4.02M |
| 3 |
Millennium Management
New York
|
-$3.51M |
| 4 |
CCM
Corsair Capital Management
New York
|
-$2.32M |
| 5 |
HP
Hound Partners
New York
|
-$2.01M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCM
26
Context Capital Management
Lajolla,
California
| – | -$4.07M | -404,613 | Closed |
|
|
27
Bank of America
Charlotte,
North Carolina
| – | -$4.02M | -400,000 | Closed |
|
|
HP
28
Hound Partners
New York
| – | -$2.01M | -199,466 | Closed |
|
|
SSA
29
Schonfeld Strategic Advisors
New York
| – | -$1.59M | -157,709 | Closed |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$1.29M | -128,558 | Closed |
|
31
Nomura Holdings
Tokyo,
Japan
| – | -$955K | -95,000 | Closed |
|
32
JP Morgan Chase
New York
| – | -$503K | -50,000 | Closed |
|
|
BFM
33
Boothbay Fund Management
New York
| – | -$400K | -39,723 | Closed |
|
|
CAC
34
Cowen and Company
New York
| – | -$324K | -32,172 | Closed |
|
35
Calamos Advisors
Naperville,
Illinois
| – | -$252K | -25,000 | Closed |
|
|
PCM
36
Prelude Capital Management
New York
| – | -$166K | -16,459 | Closed |
|
GSQD.U Hedge Fund Activity: Q4 2021 in Review
25 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share (GSQD.U) for Q4 2021, worth a combined $18.2M — down 52% from $38.2M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of GSQD.U and 4 opened new positions — a net loss of 7 holders — while 8 trimmed existing stakes and 3 added.
The largest buyer was Walleye Capital, opening a new position worth an estimated $350K. The largest seller was Context Capital Management, exiting entirely with an estimated $4.07M sold.
- 25 institutional investors held G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share (GSQD.U) as of Q4 2021, down from 33 in Q3 2021.
- Funds reported $18.2M of G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share stock for Q4 2021, down 52% quarter-over-quarter.
- 4 funds opened new G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share positions in Q4 2021 and 11 closed out, a net change of -7 holders.
- The largest G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share buyer in Q4 2021 was Walleye Capital, an estimated $350K added.
- The largest G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share seller in Q4 2021 was Context Capital Management, an estimated $4.07M sold.
Based on aggregated 13F filings for Q4 2021.