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.
23 hedge funds and large institutions have $15.5M 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 2022 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 5 closing their positions.
8% less funds holding
Funds holding: 25 → 23 (-2)
15% less capital invested
Capital invested by funds: $18.2M → $15.5M (-$2.67M)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$170K |
| 2 |
CS
Clear Street
New York
|
+$58.1K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$9.9K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$2.6K |
| 5 |
Jane Street
New York
|
+$1.82K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$503K |
| 2 |
VF
Virtu Financial
New York
|
-$495K |
| 3 |
BCM
BCK Capital Management
Stamford,
Connecticut
|
-$455K |
| 4 |
Walleye Capital
New York
|
-$349K |
| 5 |
Millennium Management
New York
|
-$279K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
26
BCK Capital Management
Stamford,
Connecticut
| – | -$455K | -45,244 | Closed |
|
|
27
Walleye Capital
New York
| – | -$349K | -34,649 | Closed |
|
28
Goldman Sachs
New York
| – | -$104K | -10,293 | Closed |
|
GSQD.U Hedge Fund Activity: Q1 2022 in Review
23 of the 6,341 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 Q1 2022, worth a combined $15.5M — down 15% from $18.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of GSQD.U and 3 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 2 added.
The largest buyer was Old Mission Capital, opening a new position worth an estimated $170K. The largest seller was P. Schoenfeld Asset Management (PSAM), exiting entirely with an estimated $503K sold.
- 23 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 Q1 2022, down from 25 in Q4 2021.
- Funds reported $15.5M 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 Q1 2022, down 15% quarter-over-quarter.
- 3 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 Q1 2022 and 5 closed out, a net change of -2 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 Q1 2022 was Old Mission Capital, an estimated $170K 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 Q1 2022 was P. Schoenfeld Asset Management (PSAM), an estimated $503K sold.
Based on aggregated 13F filings for Q1 2022.